Gender equality in life insurance

[EN]This project is going to study the implications of the gender of an individual in the rate-setting process of life insurance. In order to do so there is a review of the continuous changes that have taken place in the national and European legislation following the enactment of the Directive 2004/113/EC, as well as its consequences from the prohibition to differentiate the premiums and benefits on the grounds of gender. In this area, the evolution of the Spanish insurance sector and the influence of the new legislation are examined. Furthermore, there is an analysis of the differences between men and women, which to some extent have a direct impact in the management and development of the life insurance companies. Finally, methods to calculate the premium and the benefits are proposed with the purpose of preventing the restrictions imposed by the Directive 2004/113/EC. In order to check the repercussions of the use of unisex tables a comparison is made between the premiums obtained for a whole life insurance by allocating the same weighing to the actuarial male and female mortality tables and those that would result if the distinction by gender were allowed.

Proceso de creación del “Competitor and Market Report” para cubrir las necesidades de información de la alta dirección de Zurich Insurance Ltd.

Proceso del Competitor and Market Report para cubrir las necesidades de información de la Alta Dirección de Zurich Insurance plc, para la unidad de negocio Global Corporate (GC) en la región de Europa Medio Oriente y África (EMEA) “ El Competitor and Market Report surge de la situación de desinformación en la que los altos directivos y los representantes de CD&M GCiEMEA de cada país se encuentran. Este trabajo consiste en estudiar todo el proceso de creación del Competitor and Market Report, empezando por la identificación del problema, búsqueda de soluciones e implementación y puesta en marcha de la solución. Este proceso nos obligara a inventariar y analizar los estudios que hasta el momento la empresa de seguros Zurich Insurance Ltd, recibía procedentes de fuentes externas o de distintos departamentos que rara vez estaban coordinados en la producción de estos informes. Analizaremos cuales son las áreas de información que estos informes no cubren. El proceso nos obligara a realizar un trabajo de campo. Haremos entrevistas que nos ayudaran a comprender mejor las necesidades de información de los altos directivos. A partir de los resultados anteriores se justificará la creación del Competitor and Market Report, y se estudiará todo el proceso de creación y puesta en marcha de un informe que cubra las necesidades anteriores.

Life-stage recruitment models for Atlantic cod (Gadus morhua) and haddock (Melanogrammus aeglefinus) on Georges Bank

Ichthyoplankton surveys have been used to provide an independent estimate of adult spawning biomass of commercially exploited species and to further our understanding of the recruitment processes in the early life stages. However, predicting recruitment has been difficult because of the complex interaction of physical and biological processes operating at different spatial and temporal scales that can occur at the different life stages. A model of first-year life-stage recruitment was applied to Georges Bank Atlantic cod (Gadus morhua) and haddock (Melanogrammus aeglefinus) stocks over the years 1977–2004 by using environmental and densitydependent relationships. The best lifestage mortality relationships for eggs, larvae, pelagic juveniles, and demersal juveniles were first determined by hindcasting recruitment estimates based on egg and larval abundance and mortality rates derived from two intensive sampling periods, 1977–87 and 1995–99. A wind-driven egg mortality relationship was used to estimate losses due to transport off the bank, and a wind-stress larval mortality relationship was derived from feeding and survival studies. A simple metric for the density-dependent effects of Atlantic cod was used for both Atlantic cod and haddock. These life stage proxies were then applied to the virtual population analysis (VPA) derived annual egg abundances to predict age-1 recruitment. Best models were determined from the correlation of predicted and VPA-derived age-1 abundance. The larval stage was the most quantifiable of any stage from surveys, whereas abundance estimates of the demersal juvenile stage were not available because of undersampling. Attempts to forecast recruitment from spawning stock biomass or egg abundance, however, will always be poor because of variable egg survival.

Day and night abundance, distribution, and activity patterns of demersal fishes on Heceta Bank, Oregon

Most shallow-dwelling tropical marine fishes exhibit different activity patterns during the day and night but show similar transition behavior among habitat sites despite the dissimilar assemblages of the species. However, changes in species abundance, distribution, and activity patterns have only rarely been examined in temperate deepwater habitats during the day and night, where day-to-night differences in light intensity are extremely slight. Direct-observation surveys were conducted over several depths and habitat types on Heceta Bank, the largest rocky bank off the Oregon coast. Day and night fish community composition, relative density, and activity levels were compared by using videotape footage from a remotely operated vehicle (ROV) operated along paired transects. Habitat-specific abundance and activity were determined for 31 taxa or groups. General patterns observed were similar to shallow temperate day and night studies, with an overall increase in the abundance and activity of fishes during the day than at night, particularly in shallower cobble, boulder, and rock ridge habitats. Smaller schooling rockfishes (Sebastes spp.) were more abundant and active in day than in night transects, and sharpchin (S. zacentrus) and harlequin (S. variegatus) rockfish were significantly more abundant in night transects. Most taxa, however, did not exhibit distinct diurnal or nocturnal activity patterns. Rosethorn rockfish (S. helvomaculatus) and hagfishes (Eptatretus spp.) showed the clearest diurnal and nocturnal activity patterns, respectively. Because day and night distributions and activity patterns in demersal fishes are likely to influence both catchability and observability in bottom trawl and direct-count in situ surveys, the patterns observed in the current study should be considered for survey design and interpretation.

Effects of trawling for ocean shrimp (Pandalus jordani) on macroinvertebrate abundance and diversity at four sites near Nehalem Bank, Oregon

Surveys with a remotely operated vehicle (ROV) at four mudhabitat sites with different histories of ocean shrimp (Pandalus jordani) trawling showed measurable effects of trawling on macroinvertebrate abundance and diversity. Densities of the sea whip (Halipteris spp., P<0.01), the flat mud star (Luidia foliolata, P< 0.001), unidentified Asteroidea (P<0.05), and squat lobsters (unidentified Galathoidea, P<0.001) were lower at heavily trawled (HT) sites, as was invertebrate diversity based on the Shannon-Wiener index. Sea cucumbers (unidentified Holothuroidea) and unidentified corals (Hydrocoralia) were observed at lightly trawled (LT) sites but not at HT sites. Hagfish (Eptatretus spp.) burrows were the dominant structural feature of the sediment surface at all sites and were more abundant at the HT sites (P<0.05), a result potentially related to effects from fishery discards. Substantial heterogeneity was found between the northern and southern site pairs, indicating high site-to-site variability in macroinvertebrate densities in these deep (146–156 m) mud habitats. Two of the study sites were closed to trawling in June 2006. The data from this study can be used in combination with future surveys to measure recovery rates of deep, mud, seaf loor habitats from the effects of trawling, thus providing a critical piece of information for ecosystem-based management.

Assessment of fish populations and habitat on Oculina Bank, a deep-sea coral marine protected area off eastern Florida

A portion of the Oculina Bank located off eastern Florida is a marine protected area (MPA) preserved for its dense populations of the ivory tree coral (Oculina varicosa), which provides important habitat for fish. Surveys of fish assemblages and benthic habitat were conducted inside and outside the MPA in 2003 and 2005 by using remotely operated vehicle video transects and digital still imagery. Fish species composition, biodiversity, and grouper densities were used to determine whether O. varicosa forms an essential habitat compared to other structure-forming habitats and to examine the effectiveness of the MPA. Multivariate analyses indicated no differences in fish assemblages or biodiversity among hardbottom habitat types and grouper densities were highest among the most complex habitats; however the higher densities were not exclusive to coral habitat. Therefore, we conclude that O. varicosa was functionally equivalent to other hardbottom habitats. Even though fish assemblages were not different among management areas, biodiversity and grouper densities were higher inside the MPA compared to outside. The percentage of intact coral was also higher inside the MPA. These results provide initial evidence demonstrating effectiveness of the MPA for restoring reef fish and their habitat. This is the first study to compare reef fish populations on O. varicosa with other structure-forming reef habitats and also the first to examine the effectiveness of the MPA for restoring fish populations and live reef cover.

Captação de recursos por meio de debêntures conversíveis em ações: uma opção para os investimentos no Pré-Sal

O tema a respeito do financiamento da exploração e produção de petróleo, gás natural e outros hidrocarbonetos fluidos nas áreas do Pré-Sal tem sido motivo de debate entre estudiosos e profissionais da área. No novo regime de exploração e produção previsto na Lei n 12.351/2010, a Petróleo Brasileiro S.A. (Petrobras) será a operadora de todos os blocos contratados, ou seja, responsável pela condução e execução, direta ou indireta, de todas as atividades de exploração, avaliação, desenvolvimento, produção e desativação das instalações de exploração e produção. Tal incumbência legal, por si só, denota o volume de investimentos que a Petrobras deverá realizar nos próximos anos, seja com recursos próprios ou de terceiros, para exploração dessas novas áreas descobertas. Ademais, as sociedades contratadas para empreender as operações exploratórias também necessitarão de recursos, uma vez que, junto com a Petrobras, assumirão os custos e os investimentos referentes às atividades de exploração, avaliação, desenvolvimento, fabricação e desativação das instalações de exploração e produção decorrentes dos contratos de partilha. As debêntures conversíveis em ações apresentam-se como uma alternativa viável para a captação de recursos financeiros, além de proporcionarem vantagens, se comparadas com outras formas de financiamento, como empréstimos junto a instituições financeiras e aumento de capital, uma vez que é a companhia emissora responsável por decidir, por exemplo, a data e prazo de vencimento das debêntures e a forma de remuneração dos subscritores de tais títulos. O novo regime legal das debêntures, instituído pela Lei n 12.431/2011, também veio a facilitar o uso desse instrumento para financiar as atividades de produção e exploração de petróleo, gás natural e outros hidrocarbonetos fluidos nas áreas do Pré-Sal. A Petrobras, mesmo enquanto sociedade de economia mista, poderá emitir debêntures conversíveis em ações, observadas algumas regras para a manutenção do seu controle pela União.

Growth and seasonal recruitment of Octopus maya on Campeche Bank, Mexico

A study of growth and seasonal recruitment of the cephalopod Octopus maya on Campeche Bank, Mexico, was conducted, based on catch at size data sampled from 1983 to 1988. The parameters of a seasonally oscillating version of the von Bertalanffy growth function and total mortality estimates were obtained via the ELEFAN software. It was found that when recruitment occurs early in the year, the growth curve of the next year does not display seasonal oscillations, and conversely. Total mortality estimates ranged from Z = 2.6 to Z = 6.3/year.

Selection properties of the baited hooks used in the Cuban longline fishery of Campeche Bank, Gulf of Mexico

A description of the Cuban set longline fishery on Campeche Bank, Gulf of Mexico is given, with emphasis on the effects of different species of pelagic fishes used as bait. The target species is the red grouper Epinephelus morio, with incidental species consisting of other epinephelids (13%), lutjanids (5.4%) and sparids (1.6%).

Crise e oportunidade: O caso dos hospitais filantrópicos da região centro sul fluminense do Estado do Rio de Janeiro.

De acordo com dados do DATASUS, o setor filantrópico no país possui cerca de 2.100 estabelecimentos hospitalares, com mais de 155.000 leitos, o que representa 31% do total de leitos do país. Ou seja, 1/3 dos leitos existentes no país são filantrópicos, caracterizando o setor como importante prestador de serviços ao Sistema Único de Saúde, assim como à saúde suplementar. Estes números demonstram a importância do setor filantrópico para o país, mas também para muitas regiões, como a região centro sul fluminense do Estado do Rio de Janeiro. A enorme complexidade e diversidade da rede hospitalar filantrópica traz muitos e variados desafios, tanto para a operação hospitalar, como para as políticas governamentais de manutenção do setor saúde. Além da defasagem da tabela do SUS, outros problemas também são enfrentados por estes hospitais como os tetos financeiros, que levam ao pagamento menor do que é efetivamente produzido, atrasos de pagamentos, que dificultam o planejamento e o equilíbrio financeiro, fechamento de linhas de créditos, dificuldades nas negociações com gestores, entre muitos outros. Todas essas dificuldades têm reflexos críticos na gestão dessas organizações que passam por crises financeiras, necessidade de qualificação profissional e de adequações em suas instalações e equipamentos. Esta pesquisa propõe-se a estudar a situação dos hospitais filantrópicos da região Centro-Sul Fluminense do Estado do Rio de Janeiro no âmbito financeiro, assim como conhecer a percepção dos gestores sobre as dificuldades do setor, suas perspectivas e propostas de possíveis soluções. A metodologia utilizada foi de natureza exploratória, com abordagem qualitativa e quantitativa, com estudo de casos múltiplos, utilizando-se de diversas fontes para coleta de dados, como fontes primárias, secundárias e entrevista semi-estruturada. Os resultados demonstraram a importância dos hospitais filantrópicos na produção de serviços de saúde para o SUS e a necessidade da formulação de políticas especificas para a manutenção do setor filantrópico conveniado ao SUS. Na região centro sul fluminense há uma complementaridade entre a rede pública e a rede filantrópica. Embora seja reconhecida a importância histórica e estratégica desses hospitais na prestação de serviços ao SUS, mantidas as condições atuais nos âmbitos de capacidade instalada, organizacional ou financeira, não há dúvidas de que o futuro dessas instituições será incerto com riscos importantes para a continuidade dos serviços prestados e da própria sobrevivência dos hospitais.Existe a necessidade urgente de que os gestores públicos busquem a implantação de modelos flexíveis de gestão, visando o estabelecimento de um relacionamento de parceria com os hospitais filantrópicos e suas ações sejam definidas por metas tangíveis e alcançáveis.