Financial Management Of Life Insurance Companies

Author : J. David Cummins
Publisher : Springer Science & Business Media
ISBN 13 : 9401122083
Total Pages : 198 pages
Book Rating : 4.85/5 ( download)

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Download or read book Financial Management of Life Insurance Companies written by J. David Cummins and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: th This book is published to commemorate the 50 Anniversary of the S.S. Huebner Foundation for Insurance Education. Administered at the Wharton School of the University of Pennsylvania, the Huebner Foundation was established in 1941 to strengthen insurance education at the collegiate level by increasing the number of professors specializing in insurance and enriching the literature in the field. The financial support of leading life insurance companies has enabled the Foundation to provide post-graduate education for prospective insurance teachers and scholars. Through its fellowship program, the Foundation supports students in the Ph.D. program in Risk and Insurance at the Wharton School. The success of the Foundation is measured by the accomplishments of its alumni. Former Huebner Fellows play leading roles in every major area of insurance education. Fellows teach insurance to tens of thousands of undergraduate and MBA students each year and have written hundreds of books and thousands of articles on insurance. Fellows hold leadership positions at the American College, the Life Office Management Association, and the Certified Employee Benefit Specialist Program. The Foundation was created in honor of Dr. Solomon S. Huebner, a pioneer in insurance education. Dr. Huebner taught the first organized course on the economics of insurance ever offered at the collegiate level in 1904. An internationally recognized author and teacher, Dr. Huebner had a profound impact on both insurance education and the insurance industry. He served on the faculty of the Wharton School for more than nearly fifty years.

Author : John J. Hampton
Publisher :
ISBN 13 :
Total Pages : 319 pages
Book Rating : 4.85/5 ( download)

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Download or read book Financial Management of Insurance Companies written by John J. Hampton and published by . This book was released on 1991 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Solomon Stephen Huebner
Publisher :
ISBN 13 :
Total Pages : 252 pages
Book Rating : 4.13/5 ( download)

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Download or read book The Economics of Life Insurance written by Solomon Stephen Huebner and published by . This book was released on 1927 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : J. David Cummins
Publisher : Springer Science & Business Media
ISBN 13 : 1461550459
Total Pages : 379 pages
Book Rating : 4.57/5 ( download)

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Download or read book Changes in the Life Insurance Industry: Efficiency, Technology and Risk Management written by J. David Cummins and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: Major challenges for life insurance companies have been posed by an unprecedented wave of mergers and acquisitions in the insurance industry and the emergence of non-traditional competitors such as banks, mutual fund companies and investment advisory firms. This is the first book to analyze the determinants of firm performance in the life insurance industry by identifying the `best practices' employed by leading insurers to succeed in this dynamic business environment. The book draws upon data from insurer financial statements as well as upon an extensive survey of life insurer management practices and strategic choices in distribution systems, information technology, mergers and acquisitions, human resources and financial strategies. Generic strategies such as cost leadership, customer focus, and product differentiation are analyzed as well as strategic practices specific to the insurance industry. Best practices are identified by measuring the economic efficiency of insurers and by comparing firms across the industry. Both cost and revenue efficiency are measured relative to best practice efficient frontiers consisting of the industry's dominant life insurance firms. Economies of scale and the effects of mergers and acquisitions on efficiency are also analyzed. Financial strategies are examined with specific reference to pricing policy, valuation of assets and liabilities, and the current state of firm-level risk management systems. The benchmarks established are the result of extensive fieldwork that identifies key financial risks and methodologies to both measure and manage them at the firm level. The results discussed in the book indicate that firm performance is significantly correlated with management practices and strategic choices. Thus, life insurers can improve profitability by adopting optimal combinations of strategies. The book contains important new material on the effects of strategic choices in product distribution systems, information technology, mergers and acquisitions, human resources, and financial risk management policies. In the area of efficiency, the methodology provides a new approach for identifying peer groups of insurers and measuring the performance of individual insurers relative to their peer group. On the topics of risk and pricing, new insights are offered relative to current methodologies and in regard to areas where improvement is clearly warranted. The book concludes with an analysis of the future opportunities and challenges in the life insurance industry facing managers, and the strategic options available to them to cope with these changes.

Author : Oswald T. Falk
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.87/5 ( download)

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Download or read book The Financial Management of Life Insurance Companies written by Oswald T. Falk and published by . This book was released on 1917 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author :
Publisher :
ISBN 13 :
Total Pages : 136 pages
Book Rating : 4.87/5 ( download)

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Download or read book Life Insurance Fact Book written by and published by . This book was released on 1962 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author :
Publisher :
ISBN 13 : 9781258273569
Total Pages : 294 pages
Book Rating : 4.6X/5 ( download)

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Download or read book Life Insurance Companies as Financial Institutions written by and published by . This book was released on 2012-04-01 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreword Also Written By Eli Shapiro. Preface Written By James J. O'Leary.

Author : Prasanna Rajesh
Publisher : Business Expert Press
ISBN 13 : 1949991539
Total Pages : 105 pages
Book Rating : 4.36/5 ( download)

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Download or read book Valuation of Indian Life Insurance Companies written by Prasanna Rajesh and published by Business Expert Press. This book was released on 2019-09-05 with total page 105 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book bridges the gap between the accounting and the actuarial sides of Indian life insurance companies, by exploring the relationships between the embedded value calculated by actuaries and the revenue account and balance sheet prepared by the accountants. The author provides publicly available sources of information to place a value on the shares of Indian life insurance companies from an outsider’s point of view. Life insurance company accounts are complex and require knowledge of specific concepts in order to analyze and appreciate them. This book will help a layperson with reasonable numerical abilities understand the calculation of the share price of a life insurance company. In particular, it will help analysts and accountants with no actuarial background understand the concepts of embedded and appraisal value. Cash flow statements of these companies are often ignored and delegated to the background or usually to a single page in their annual reports. This book examines the cash flows in detail and rearranges them to get a better picture of the financial health of the underlying companies. It also explains the relationship between the different measures of profit such as cash reserves, surplus, profit after tax, and embedded value. Often this information is only available internally or to consultants. The author uses alternative approaches based purely on public disclosures by these companies, thereby enabling professionals without access to internal information to come to informed judgments about the actual performance of the companies.

Author : Darwin M. Bayston
Publisher : Abbott Press
ISBN 13 : 1458220214
Total Pages : 70 pages
Book Rating : 4.19/5 ( download)

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Download or read book The Hidden Value in Your Life Insurance written by Darwin M. Bayston and published by Abbott Press. This book was released on 2016-06-21 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thirty-three percent of Americans have no retirement savings or pension, according to the Federal Reserve. No wonder so many of us are nervous about our ability to retire. Fortunately, there is an asset that many American seniors have at their fingertips that they can use to fund their retirements. Most of them dont even realize it. Darwin M. Bayston, a chartered financial analyst, and Daryn N. Teague, a public relations consultant who works with providers of legal and financial services, created this simple consumer guide to help people unlock the hidden value in their life insurance policies. Learn how to: find out the things that insurance companies dont want you to know; improve your quality of life in retirement; eliminate what could be an unnecessary expense; and reduce stress by gaining peace of mind about retirement. Some life insurance companies actually prohibit the agent who sold you a policy from telling you about the strategies revealed in this guide. Find out about all of the options at your disposal by learning about The Hidden Value in Your Life Insurance.

Author : Pamela Yellen
Publisher : Vanguard
ISBN 13 : 0786745347
Total Pages : 258 pages
Book Rating : 4.40/5 ( download)

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Download or read book Bank On Yourself written by Pamela Yellen and published by Vanguard. This book was released on 2010-03-23 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Wall Street Journal, USA Today, and BusinessWeek bestseller Bank On Yourself: The Life-Changing Secret to Growing and Protecting Your Financial Future reveals the secrets to taking back control of your financial future that Wall Street, banks, and credit card companies don’t want you to know. Can you imagine what it would be like to look forward to opening your account statements because they always have good news and never any ugly surprises? More than 100,000 Americans of all ages, incomes, and backgrounds are already using Bank On Yourself to grow a nest-egg they can predict and count on, even when stocks, real estate, and other investments tumble. You’ll meet some of them and hear their stories of how Bank On Yourself has helped them reach a wide variety of short- and longterm personal and financial goals and dreams in this book.