On the impossibility of fair risk allocation

Measuring and allocating risk properly are crucial for performance evaluation and internal capital allocation of portfolios held by banks, insurance companies, investment funds and other entities subject to financial risk. We show that by using coherent measures of risk it is impossible to allocate risk satisfying simultaneously the natural requirements of Core Compatibility, Equal Treatment Property and Strong Monotonicity. To obtain the result we characterize the Shapley value on the class of totally balanced games and also on the class of exact games.

Reducing Health Disparities: Medical advice and health behavior of minorities with diabetes

OBJECTIVE: to examine the relationships among reported medical advice, diabetes education, health insurance and health behavior of individuals with diabetes by race/ethnicity and gender. METHOD: Secondary analysis of data (N = 654) for adults ages > or = 21 years with diabetes acquired through the National Health and Nutrition Examination Survey (NHANES) for the years 2007-2008 comparing Black, non-Hispanics (BNH) and Mexican-Americans (MA) with White, non-Hispanics (WNH). The NHANES survey design is a stratified, multistage probability sample of the civilian noninstitutionalized U.S. population. Sample weights were applied in accordance with NHANES specifications using the complex sample module of IBM SPSS version 18. RESULTS: The findings revealed statistical significant differences in reported medical advice given. BNH [OR = 1.83 (1.16, 2.88), p = 0.013] were more likely than WNH to report being told to reduce fat or calories. Similarly, BNH [OR = 2.84 (1.45, 5.59), p = 0.005] were more likely than WNH to report that they were told to increase their physical activity. Mexican-Americans were less likely to self-monitor their blood glucose than WNH [OR = 2.70 (1.66, 4.38), p < 0.001]. There were differences by race/ethnicity for reporting receiving recent diabetes education. Black, non-Hispanics were twice as likely to report receiving diabetes education than WNH [OR = 2.29 (1.36, 3.85), p = 0.004]. Having recent diabetes education increased the likelihood of performing several diabetes self-management behaviors independent of race. CONCLUSIONS: There were significant differences in reported medical advice received for diabetes care by race/ethnicity. The results suggest ethnic variations in patient-provider communication and may be a consequence of their health beliefs, patient-provider communication as well as length of visit and access to healthcare. These findings clearly demonstrate the need for government sponsored programs, with a patient-centered approach, augmenting usual medical care for diabetes. Moreover, the results suggest that public policy is needed to require the provision of diabetes education at least every two years by public health insurance programs and recommend this provision for all private insurance companies

ANTECEDENTES DO COMPROMETIMENTO ORGANIZACIONAL DOS FUNCIONÁRIOS DE CORRETORAS DE SEGUROS E SEGURADORAS

O objetivo principal deste trabalho é compreender quais fatores influenciam no comprometimento de corretoras de seguros e seguradoras, e mais especificamente: a) medir e comparar os indicadores de comprometimento dos funcionários de corretoras de seguros e seguradoras em três dimensões (afetiva, instrumental e normativa); b) analisar quais os fatores que mais influenciam cada dimensão do comprometimento no setor de seguros; c) comparar as diferenças e semelhanças dos fatores que influenciam o comprometimento em seguradoras e em corretoras. O público-alvo é formado pelos profissionais do mercado de seguros que atuam em corretoras de seguros ou seguradoras. A pesquisa foi realizada em duas partes: quantitativa e qualitativa. Os dados da pesquisa quantitativa foram colhidos por meio da escala do modelo multidimensional do comprometimento afetivo, instrumental e normativo (Meyer & Allen, 1991), aplicada em 188 participantes. Os dados da análise de comparação de médias pelo teste T-Student não apontaram diferença estatisticamente significativa. A segunda parte, qualitativa, envolveu 11 entrevistas com funcionários do setor a fim de identificar os motivos que levam os funcionários a desenvolver o comprometimento com cada um dos dois tipos de organizações do mercado de seguros. Os dados da pesquisa obtidos foram analisados utilizando-se a técnica de análise de conteúdo e resultaram no modelo de antecedentes do comprometimento organizacional do setor de seguros. Foi constatado que os antecedentes do comprometimento afetivo em corretoras de seguros são formados pelo clima organizacional, pela percepção de justiça e pelas políticas de recursos humanos, e que as políticas de recursos humanos predizem o comportamento instrumental. Nas seguradoras, constatou-se que os antecedentes do comprometimento afetivo são o clima organizacional, a percepção de suporte e as políticas de recursos humanos, e que as políticas de recursos humanos predizem os comprometimentos instrumental e normativo. Esses resultados contribuem significativamente para a gestão de pessoas do setor de seguros no Brasil.

Reanalysis of the 1954-1963 Atlantic Hurricane Seasons

HURDAT is the main historical archive of all tropical storms and hurricanes in the North Atlantic Basin, which includes the Caribbean Sea and Gulf of Mexico, from 1851 to the present. HURDAT is maintained and updated annually by the National Hurricane Center at Miami, Florida. Today, HURDAT is widely used by research scientists, operational hurricane forecasters, insurance companies, emergency managers and others. HURDAT contains both systematic biases and random errors. Thus, the reanalysis of HURDAT is vital. For this thesis, HURDAT is reanalyzed for the period of 1954-1963. The track and intensity of each existing tropical cyclone in HURDAT is assessed in the light of 21st century understanding and previously unrecognized tropical cyclones are detected and analyzed. The resulting changes will be recommended to the National Hurricane Center Best Track Change Committee for inclusion in HURDAT.

Health reforms in Latin America: processes and results

Two types of health reforms in Latin America are analysed: one based on insurance and service commodification and the one referred to the unified public systems of progressive governments. Health insurance with explicit service packages has not fulfilled their purposes of universal coverage, equal access to necessary health services and improvement of health conditions but has opened health as a field of profit making for insurance companies and private health providers. The national health services as a state obligation have developed territorialized health services and widened substantially timely access to the majority of the population. The adoption of an integrated and wide social policy has an impact on population well fare. It faces some problems derived from the old health systems and the power of the insurance and medical complex.

A importância económica e social dos seguros de vida

Mestrado em Contabilidade e Gestão das Instituições Financeiras

Marco regulatorio Solvencia II – Pilar cuantitativo aplicado a las condiciones de riesgo de una compañía aseguradora en Colombia

En el contexto de las compañías aseguradoras, el capital representa la solidez y capacidad de una compañía para responder ante las obligaciones adquiridas con los clientes en escenarios de pérdidas inesperadas -- Con la experiencia de las pasadas crisis se ha venido aumentando la exigencia de capital y para estimar este capital, el marco regulatorio europeo propone una metodología basada en riesgos, la cual se conoce como Solvencia II -- Sin embargo, en Colombia la metodología exigida en la actualidad no contempla la totalidad de riesgos a los que se encuentra expuesta una compañía en este sector -- El propósito de este trabajo es determinar las bases para el cálculo del capital, basado en riesgo de una compañía aseguradora en Colombia, adaptando las exigencias propuestas por Solvencia II a las condiciones del mercado colombiano -- Lo anterior, se realiza cuantificando las principales variables de riesgo relacionadas con el entorno financiero y de negocio de las compañías en Colombia

Modelação de taxas de resgate em seguros de vida

Mestrado em Ciências Actuariais

Un modèle rétroactif de réconciliation utilité-confidentialité sur les données d’assurance

Le partage des données de façon confidentielle préoccupe un bon nombre d’acteurs, peu importe le domaine. La recherche évolue rapidement, mais le manque de solutions adaptées à la réalité d’une entreprise freine l’adoption de bonnes pratiques d’affaires quant à la protection des renseignements sensibles. Nous proposons dans ce mémoire une solution modulaire, évolutive et complète nommée PEPS, paramétrée pour une utilisation dans le domaine de l’assurance. Nous évaluons le cycle entier d’un partage confidentiel, de la gestion des données à la divulgation, en passant par la gestion des forces externes et l’anonymisation. PEPS se démarque du fait qu’il utilise la contextualisation du problème rencontré et l’information propre au domaine afin de s’ajuster et de maximiser l’utilisation de l’ensemble anonymisé. À cette fin, nous présentons un algorithme d’anonymat fortement contextualisé ainsi que des mesures de performances ajustées aux analyses d’expérience.

Un modèle rétroactif de réconciliation utilité-confidentialité sur les données d’assurance

Le partage des données de façon confidentielle préoccupe un bon nombre d’acteurs, peu importe le domaine. La recherche évolue rapidement, mais le manque de solutions adaptées à la réalité d’une entreprise freine l’adoption de bonnes pratiques d’affaires quant à la protection des renseignements sensibles. Nous proposons dans ce mémoire une solution modulaire, évolutive et complète nommée PEPS, paramétrée pour une utilisation dans le domaine de l’assurance. Nous évaluons le cycle entier d’un partage confidentiel, de la gestion des données à la divulgation, en passant par la gestion des forces externes et l’anonymisation. PEPS se démarque du fait qu’il utilise la contextualisation du problème rencontré et l’information propre au domaine afin de s’ajuster et de maximiser l’utilisation de l’ensemble anonymisé. À cette fin, nous présentons un algorithme d’anonymat fortement contextualisé ainsi que des mesures de performances ajustées aux analyses d’expérience.

Iowa Medical Malpractice Annual Report, 2014

The Iowa Insurance Division requested open and closed claim data for calendar year 2014 from licensed insurance companies pursuant to Iowa Code Section 505.27. Licensed companies who wrote medical malpractice insurance in Iowa during the period from January 1, 2014, through December 31, 2014, were asked to provide specific data for claims closed during that period and separately those remaining open at the end of the year.

Iowa Medical Malpractice Annual Report, 2006

The Iowa Insurance Division requested open and closed claim data for a calendar year from licensed insurance companies pursuant to Iowa Code Section 505.27. Licensed companies who wrote medical malpractice insurance in Iowa during the period from January 1, through December 31, were asked to provide specific data for claims closed during that period and separately those remaining open at the end of the year.

Iowa Medical Malpractice Annual Report, 2007

The Iowa Insurance Division requested open and closed claim data for a calendar year from licensed insurance companies pursuant to Iowa Code Section 505.27. Licensed companies who wrote medical malpractice insurance in Iowa during the period from January 1, through December 31, were asked to provide specific data for claims closed during that period and separately those remaining open at the end of the year.

Iowa Medical Malpractice Annual Report, 2008

The Iowa Insurance Division requested open and closed claim data for a calendar year from licensed insurance companies pursuant to Iowa Code Section 505.27. Licensed companies who wrote medical malpractice insurance in Iowa during the period from January 1, through December 31, were asked to provide specific data for claims closed during that period and separately those remaining open at the end of the year.

Iowa Medical Malpractice Annual Report, 2009

The Iowa Insurance Division requested open and closed claim data for a calendar year from licensed insurance companies pursuant to Iowa Code Section 505.27. Licensed companies who wrote medical malpractice insurance in Iowa during the period from January 1, through December 31, were asked to provide specific data for claims closed during that period and separately those remaining open at the end of the year.