Case Studies about Principles for Investors in Inclusive Finance
Inclusive finance focuses on expanding access to financial services and products to poor and vulnerable populations, micro- and small enterprises, and those otherwise excluded from affordable and responsible financial products and services. This encompasses a wide range of financial services including savings, credit, insurance, remittances and payments. Investors approach investment in inclusive finance with different motivations.
Some are engaged because they actively seek to alleviate poverty and see the provision of financial services as a tool to do so. Some seek to be a responsible investor because they recognise that issues such as over-indebtedness are material when assessing financial risks and returns. Whatever the motivation, there is a variety of approaches to being a responsible investor. Keep reading…
Introduction: A number of factors have converged in recent years to make “defined contribution” one of the most frequently used terms in health policy discussions. There is seemingly endless speculation and debate about whether employers are moving away from defined health benefits to a defined contribution system – one in which employers provide a set amount of money toward an employee’s health coverage – and what the implications of such a move might be.
What has been missing from these discussions is a common understanding of what defined contribution means. It is not a single health insurance arrangement but rather a general approach that can take a variety of specific forms. This report provides a detailed framework of four models of defined contribution and identifies some of the implications of each of them. Keep reading…
Introduction: The application development team at Länsförsäkringar AB, a Swedish insurance and banking company, wanted to simplify and speed software development. The team’s customers relied on it for specialized applications. However, the team was using manual development methods that slowed delivery.
Situation: Located in Stockholm, Sweden, Länsförsäkringar AB is owned by 24 regional insurance and banking companies. The Länsförsäkringar companies operate independently, and together they serve more than 3.2 million customers. The alliance has approximately 5,800 employees throughout Sweden and the United Kingdom. Although the regional firms manage most of their local IT infrastructure, they rely on Länsförsäkringar to design and administer line-of-business applications that are shared by the companies. Product specialists in Länsförsäkringar collect requirements and then work with the IT department—a team of approximately 300 employees—to create or revise software used for customer service and other mission-critical activities. Keep reading..
Background: The Techniker Krankenkasse (TK) was formed in 1884 and is a health insurance institution providing consulting, financial planning and services for 3.4 million members in technical and technically oriented professions and industries. The Hamburg-based company merged with the Gärtner Krankenkasse in January 2000 and currently has just under 10,000 employees in 222 branches. As a result of the fusion, not only the number of employees grew, but also the data volume and data growth in the branches. A new data backup strategy thus became unavoidable.
Challenge: Originally, data in every branch office was backed up onto DDS tapes which were changed manually every day. With an estimated annual data growth of 30 percent, the capacity of the tapes was reached more and more quickly. In addition, the time and administration involved and the risk of inserting the wrong tape was high. One employee was responsible for the daily backup of the data and changing the tapes. In order to rule out the risk of wrong or forgotten backups, the TK opted for the automation of the backup. The supposed higher costs are all relative when the costs of inefficient. Keep reading
A Study on Universal Banking Result in Economic Instability?
Abstract: Using 190 firm-year data of commercial banks in Taiwan, this study finds that compared to independent ones, commercial banks that owned by financial holding companies suffered greater unfavorable changes in both returns on assets and earnings per share when the global recession in 2008 and 2009 stroke, consistent with the hypothesis that universal banking or financial holding companies incur economic instability.
Introduction: This study investigates the hypothesis that universal banking or financial holding companies (FHCs) increase the economic instability.We find that commercial banks that are affiliated with an FHC suffer more negative change in profitability than independent commercial banks do during the global recession. Universal banking involves providing commercial banking services, investment banking services, and other financial services under the same roof.Commercial banking is the financial service thatproviding loan and deposit services. Investment banking is associated with securities business, particularly underwriting. Other financial services include insurance, fund management, and venture capital. Keep reading..
Case Study about Conversion to Project-Based Assistance
Executive Summary: In furtherance of the discussion regarding the feasibility of converting the nation’s public housing stock to project-based rental assistance or project-based vouchers (“Project-Based Assistance”) from the current Annual Contributions Contract (“ACC”) program, the Council of Large Public Housing Authorities, the Public Housing Authorities Directors Association, the National Association of Housing and Redevelopment Officials
The Housing Authority Insurance Group (collectively, the “Client”) requested that Recap Real Estate Advisors (“Recap” or “we”) investigate the costs and limitations of such a conversion using existing public housing authority properties as specific examples. More specifically, understanding market dynamics, property cash flow potential and capital availability as they relate to a potential conversion was of utmost importance. keep reading on Project-Based Assistance
Introduction: Mutual insurance companies write large proportions of insurance policies in many sectors. They have been very successful for several reasons. First, as Malinvaud (1973) points out, future markets provide only a remote idealization to the actual mechanism for risk allocation since the ideal market system is too costly to implement.
On the contrary, pooling individual risk by means of mutual insurance policies permits substantial economizing on market transactions. Another important reason for the success of mutual insurance is that they can solve through peer monitoring some moral hazard problems that plague incorporated insurance companies. Read more in Mutual Fire Insurance..
The mature insurance industry comprised of accident and health insurance, property and casualty insurance, and life insurance and annuities is faced with slow growth and consolidation. Price competition is accelerating as customers turn to Internet data aggregators to shop for the best deal on many types of insurance.
In addition, while the insurance business and the needs of policy holders and distributors are rapidly changing, many insurance companies can’t keep up because they are unable to differentiate their business, reach customers likely to respond to new sales opportunities or make the most of their valued staff. Insurers that define and implement solutions to these challenges are those that will successfully compete and thrive into the future. Click here to read more…
Abstract: Software productivity is generally measured as the ratio of size over effort, whereby several techniques exist to measure the size. In this paper, we propose the innovative approach to use an estimation model as productivity measurement. This approach is applied in a case-study at the ICT-department of a bank and insurance company. The estimation model, in this case Cocomo II, is used as the norm to judge about productivity of application development projects.
Software Productivity: Productivity can be defined as the rate of output per unit of input. In a classical manufacturing environment, this measure is rather straightforward: you can measure the effect of using labor, materials or equipment. The output can be measured as a number of products you deliver. In software engineering too, it could be useful to compare the output to the input. However,how can we dene input and output in software engineering? Input is the amount of effort we spend on the project to deliver the software.
A Case Study about Performance-Driven Compensation: The Corporate Talent Insurance Policy
Introduction: An average company’s biggest expense and biggest differentiator is its talent. As much as 70 percent of business expense is on people: hiring, salary, and benefits. Yet in the U.S. alone, the average churn of staff is a staggering 40 percent. More alarming: in 2009, half of that churn was voluntary—people deciding to leave their jobs to find something better.
As economic conditions improve and businesses worldwide look to regroup and even reinvent themselves, smart talent management has never been more crucial. Central to that strategy is managing risk through talent insurance policies that more accurately find and incent the best performers with differentiated compensation. More than 80 percent of companies around the world are offering variable-pay programs or performance-based awards that must be re-earned each year.