Titlebook: Changes in the Life Insurance Industry: Efficiency, Technology and Risk Management; J. David Cummins,Anthony M. Santomero Book 1999 Spring

intangibility

Astrophysics and Space Science Libraryon of insurance markets have greatly intensified competition in this mature industry. Increasing competition has produced pressures for product innovation, distribution system development, greater cost efficiency in operations, more effective use of technology, and a larger capital base.

surrogate

atrophy

宽宏大量

declamation

Discontinuous Flows in a MHD Medium,e insolvencies were precipitated by rapidly rising or declining interest rates. Others resulted from losses on assets such as junk bonds, commercial mortgages, CMOs, real estate, and derivatives. Mispricing of insurance policies hurt still others. The “churning” of policies by unscrupulous sales age

ALOFT

Propagation of Fast Particles in Plasma,he market restructures in anticipation of the new environment. Life insurers are facing much tougher competition, with nontraditional players redefining what is needed to succeed in the marketplace. As customers gain access to more information, they are becoming more demanding and are increasingly w

切碎

打算

The Impact of Information Technology Management Practices on the Performance of Life Insurance Compted over 50% of insurance company capital expenditure throughout the 1980s (Francalanci and Hossum, 1998). As one observer succinctly stated, “today you can’t do anything in a life insurance company without technology” (Harnett, 1997).

lavish

移植