The Infona portal uses cookies, i.e. strings of text saved by a browser on the user's device. The portal can access those files and use them to remember the user's data, such as their chosen settings (screen view, interface language, etc.), or their login data. By using the Infona portal the user accepts automatic saving and using this information for portal operation purposes. More information on the subject can be found in the Privacy Policy and Terms of Service. By closing this window the user confirms that they have read the information on cookie usage, and they accept the privacy policy and the way cookies are used by the portal. You can change the cookie settings in your browser.
Presidential Policy Directive 8 (PPD-8) was signed by the President of the United States on March 30, 2011. It deals with the subject of developing a National Preparedness System for security and resiliency for businesses to endure a disaster or catastrophe. These disasters can be caused by anything from natural disasters to terrorism. The overall purpose of this directive is for the Dept. of Homeland...
At every step in creating an enterprise design, architects encounter risks and opportunities. In most cases, risk assessment and treatment is done using the company's internal methodology or based on some best-practices known by the architect. We propose a method that can combine both qualitative and quantitative risk analysis and also incorporate risk mitigation solutions. In IT security, attack-defence...
With the high speed development of China's economy, fires occur frequently in public assembly occupancies. Public liability of fire risk is different from that of general liability risk. The generalized linear model (GLM) cannot be used directly in pricing for the public liability of fire risk, whose sample data shows the characteristics of low probability, heavy loss and fat tail. And because of...
The main contribution of this paper is to use an integrated approach to propose the model of strategic alliances for both heterogeneous property and casualty insurance companies and security companies, and propose the added seventh business functions “business expansion” with a value chain and contracting strategies associated with the value chain analysis to satisfy the consumer's integrated service...
Based on the analysis of income risk of oversea hydropower investment, the paper proposes the idea that hydropower enterprises can develop income insurance by distinguishing the features of income risk and other risks, and try to transfer the investment income risk in the context of insurance. On the basis of analyzing the strategies of the demand and supply, we deduce the critical conditions that...
The No-Claim Discount(NCD) System that Malaysian is using currently is considered as the simplest system in the world. However, it does not treat fairly to the policyholders. Thus, modifications to the system are required. In this study, three proposed systems using Markov Chain method are developed and then compare with the current NCD System by using three tools; the cost of making claim (penalty...
Due to nature of insurance industry, the way it's represented and also the elegant application of this technology, insurance industry ought to choose a strategic approach to deal with internet. So it is necessary to determine the effects of internet on marketing mix of insurance services (as a strategy and a tool to conduct marketing projects plans including characteristic, tariffs, elation promotion,...
The new generation migrant-workers have become the main body of the industrial workers in China while their labor-capital issues have not been adequately and scientifically addressed. Based on John W. Budd's 3-dimension framework of humanistic employment focusing on efficiency, equity and voice, the paper first observes the status quo of the new generation migrant-workers, in 4 cities of Fujian and...
The main objective of this study is to measure the risk level for operational risk of life insurers operated in Malaysia for the period of 2003 to 2010. The operational problem is the major factor contributed to the company's losses. Due to the operational problems of insurance companies and banks, there is a growing pressure from the regulatory bodies to measure operational risk of these institutions...
In Malaysia, the Risk Based Capital (RBC) framework was issued by Bank Negara Malaysia (BNM) in April 2007. It was fully implemented on 1 January 2009. The purpose of this study was to examine the impact of the RBC implementation on an insurance company in Malaysia. Subsequently, further analysis was conducted by stress testing the company's capital impact given the adverse plausible event that the...
This paper describes the application of simulation in designing and improving a client service system at an insurance company. The importance of this study is to propose a better practice to improve the company's counter services. Moreover, the outcomes of this study are believed will assist to reduce the waiting times. A simulation approach has been applied in order to fulfill the objectives of this...
Any system, company or complex task is composed by processes, i.e., sequences of actions performed in some established order. Some of these processes are considered sensitive for the role they play within the system, or for the sensitive data they manage. In such cases, the trust in this processes is desirable, requiring their verification, monitoring, auditing, but also the possibility of being insured...
In this paper, the proposed Smartphone Driving Information Check System for a no-driving day car insurance, in order to solve some problems rising during the installation and use of the existing Driving Information Check Device on the car, includes WPAN such as Wi-Fi Ad-hoc or Bluetooth to send the insurer's driving information to the Smartphone's Terminal Monitor Program, backup the driving record...
The authors proposed a solution to optimize the insurance policy distribution system owned by insurance companies, through a computer network attached device. The solution includes acquiring remote device stock information and connections to the corresponding Enterprise Resource Planning (ERP). Thus, all local and regional logistics structures are eliminated and replaced with one national logistics...
Shanghai shipping center is a national strategy. In this study, from the perspective of industrial clustering to analyze the issue of building the shipping center. London as a world-recognized international shipping center which is worth studying. but there is a large gap between the two regions. Spatial Gini coefficient is used to calculate industrial agglomeration degree of the shipping industry,...
In order to study how the insurance companies claim premiums with the stochastic interest rate, the interest force accumulation function with Wiener process and Poisson process is proposed in this paper. Based on this model, the life insurance actuarial model of paying premiums several times each year is built. And the expression of single net premium, reserve and future loss variance are given. With...
Due to the growing of business market, there is an increasing need to enhance the connectivity of the market and provide a flexible tool which allows fast access. Mobile application can provide such type of accessibility. A mobile with the necessary applications connected with a wireless internet gives the user the required connectivity. Although hardware processing capabilities of the mobile might...
The healthcare system in the United States is undergoing changes aimed at affordable care, but the complexity of the healthcare industry prevents patients from making optimal healthcare and insurance decisions, and achieving the full potential of healthcare reform. As a consequence of healthcare reforms, digital medical records have facilitated the widespread availability of publicly available, statistical...
The paper discusses results of comparative surveys from years 2009–2011 which aimed at determining how the recent economic crisis influenced informatization strategies in Polish companies and institutions. The obtained results supported a working hypothesis that the economic crisis affected — to smaller or greater extent — short- and long-term informatization strategies in majority of companies or...
We explore a bottom-up approach to revisit the problem of cash flow modeling in insurance business, and propose a methodology to efficiently simulate the related tail quantities, namely the fixed-time and the finite-horizon ruin probabilities. Our model builds upon the micro-level contract structure issued by the insurer, and aims to capture the bankruptcy risk exhibited by the aggregation of policyholders...
Set the date range to filter the displayed results. You can set a starting date, ending date or both. You can enter the dates manually or choose them from the calendar.