Suchergebnisse

Health is riches. India is progressively becoming health aware. Indians have acknowledged the need of health insurance. Owing to this awareness, the medical insurance market is one of the fastest expanding areas in India today. The new economic strategy and liberalization approach implemented by the Government of India since 1991 prepared the door for privatization of insurance industry in the nation. . According to the Investment Commission of India the healthcare industry has achieved exceptional growth of 12 percent per year in the previous 4 years. All increasing income levels and expanding older population elements are fueling this rise. In addition, shifting demographics, illness profiles and the move from chronic to lifestyle diseases in the nation has contributed to increasing expenditure on healthcare insurance products. The research seeks to analyze the consumers' awareness degree of knowledge about health insurance and the variables impacted them in choosing of policy(s) (s). It was revealed that customers are aware of insurance plans. And some elements such as policy characteristics, policy advantages have major impact on the choosing of insurance policy and purpose of keeping it.

Insurance is a sector which affects the public interest. The sustainable development of the insurance sector is directly related to the stability of the national financial system and has an impact on the political stability of the country. Although the bursting of Japanese economic bubble and insurance liberalization had a serious impact on the Japanese insurance sector in the 1990s, it is getting back to the right track in recent years. Under the loose monetary and low interest rate policies in Japan at present, what is the current competitive environment? And could the Japan's insurance sector has a steady growth continually? This article based on Porter's Five Force Model and PEST Model to analyze the micro-environment and macro-environment of the Japan's insurance sector and reveals its current situation and potential challenges. Findings portray the competition in Japanese insurance sector is assessed as moderate and mainly comes from industry rivalry. In both policy and economic level, the current situation has a negative impact on the Japanese insurance sector. Moreover, the interest rate sensitivity of non-life insurance is generally lower than that of life insurance. So the negative interest rate policy in Japan will seriously affect the development of the life insurance sector, while the non-life insurance sector has little influence.

Purpose
This paper aims to analyze systemic risk in and the effect of capital regulation on the European insurance sector. In particular, the evolution of an exposure measure (SRISK) and a contribution measure (Delta CoVaR) are analyzed from 1985 to 2016.


Design/methodology/approach
With the help of multivariate regressions, the main drivers of systemic risk are identified.


Findings
The paper finds an increasing degree of interconnectedness between banks and insurance that correlates with systemic risk exposure. Interconnectedness peaks during periods of crisis but has a long-term influence also during normal times. Moreover, the paper finds that the insurance sector was greatly affected by spillovers from the process of capital regulation in banking. While European insurance companies initially at the start of the Basel process of capital regulation were well capitalized according to the SRISK measure, they started to become capital deficient after the implementation of the model-based approach in banking with increasing speed thereafter.


Practical implications
These findings are highly relevant for the ongoing global process of capital regulation in the insurance sector and potential reforms of Solvency II. Systemic risk is a leading threat to the stability of the global financial system and keeping it under control is a main challenge for policymakers and supervisors.


Originality/value
This paper provides novel tools for supervisors to monitor risk exposures in the insurance sector while taking into account systemic feedback from the financial system and the banking sector in particular. These tools also allow an evidence-based policy evaluation of regulatory measures such as Solvency II.