Directions of improving information system of insurance company

Kaigorodova, G. N.; Мустафина, А. А.; Alyakina, D. P.

doi:10.1088/1742-6596/1015/4/042016

Cited by 12 publications

(12 citation statements)

References 4 publications

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“…Insurers may have a shorter vision, which would prompt managers to make short-term decisions which only increase short-term profits (Consuelo and Blanca, 2018). The media effect of information technology has a significant impact on the development of the insurance industry (Kaigorodova et al, 2018). Polonchek and Miller (2005) further confirmed the impact caused by information asymmetry in insurance companies.…”

Section: Introductionmentioning

confidence: 95%

“…Insurers may have a short-term vision, which in turn will influence managers to make short-term decisions that only increase short-term profits (Consuelo and Blanca, 2018). The media effects caused by information technology have an important impact on the development of the insurance industry (Kaigorodova et al, 2018). The question of how insurance funds boost market confidence, reduce share price risk, and stabilize financial markets when entering the market is very important.…”

Section: Introductionmentioning

confidence: 99%

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The impact of insurance company participation on the capital market’s sustainable development—empirical evidence based on investor sentiment and stock price synchronicity

Hao

Li²,

Juan³

2022

Front. Environ. Sci.

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Given the representativeness and availability of data, this paper selects personal posts from the Oriental Wealth Internet Cafe and Sina Internet Cafe Forum to analyze the mechanism of insurance company participation, investor sentiment, and stock price synchronicity in China. Using a panel of data of listed companies from 2007 to 2018, evidence shows that investor sentiment in the stock market forum will increase the synchronicity of stock prices in the short term, while an insurance company’s shareholding effectively reduces the impact of investor sentiment on share price synchronicity which plays a mediator effect; the higher the proportion of the insurance company’s shareholdings, the more evident the effect. By conducting counterfactual research, the study found that insurance company participation can reduce the synchronicity of stock price by 0.10435 in a group with high investor sentiment than a group with low investor sentiment. For each investor sentiment group, the higher the proportion of the insurance company’s shareholdings, the greater the reduction in the synchronicity of stock prices. The results of this study can be used by national regulatory authorities to formulate policies in the field of e-finance in order to reduce stock price synchronization, stabilize financial markets, and minimize systemic financial risks.

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Section: Introductionmentioning

confidence: 95%

Section: Introductionmentioning

confidence: 99%

The impact of insurance company participation on the capital market’s sustainable development—empirical evidence based on investor sentiment and stock price synchronicity

Hao

Li²,

Juan³

2022

Front. Environ. Sci.

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“…Zolnowski and Warg (2017), Stoeckli et al (2018), and Warg (2019) have contributed to the field by multidimensional investigations, which present the status of digital intermediaries, Insurtech and their influence on the insurance industry as well as the shift from standardisation and product-based business model. Another group of scientists, like Lyubov (2018), Kaigorodova et al (2018), Albrecher et al (2019), andBaumann (2020), focused on literature reviews and case studies by using a technological point of view and revealed key directions, challenges, and impact of digital technologies and data science application in insurance processes and services. A significant contribution was also made by Eling and Lehmann (2018), Mitrovic et al (2019), andWeingarth et al (2019), who conducted case studies of digital transformation frameworks, strategies, and process steps from both a holistic point of view in the insurance industry and a value chain, and an empirical evidence point of view.…”

Section: Literature Reviewmentioning

confidence: 99%

Application of customisation and personalisation in digital solutions of the non-life insurance market: a case study of Lithuanian, Latvian and Estonian e-sales platforms

Baranauskas

2021

Engineering Management in Production and Services

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The Baltic non-life insurance market has not only continued recording a dynamic premium growth in the past three years but also has shown a significant transition to digital technologies and solutions. Here, the development of customised insurance products and systems, assessment of claims, and creation of personalised customer experience can be considered best practices in the application of theoretical concepts and, accordingly, require continuous studies from a scientific point of view. Therefore, the following research aims to present an as-is status of existing solutions of digital insurance platforms in Baltic countries and to clarify their compatibility with customisation, personalisation, and value co-creation features at the practical product and functional levels. Accordingly, a case-study method following a combination of a descriptive embedded single-case design and the state-of-the-art method was applied in the analysis of the non-life insurance market, its e-channel environment, and platforms of three Baltic countries — Lithuania, Latvia, and Estonia. The multidimensional assessment matrix has been designed to present the results of the case study analysis on the practical product and functional levels. Research results refer to an assumption that ideas and methods of Mass Customisation and Mass Personalisation concepts, as well as their combination with digital solutions, penetrate the analysed part of the non-life insurance market in the Baltic countries and result in a mutually useful outcome for insurance companies and end-users. The paper contributes to further theoretical investigation of digitalisation and digital transformation of the non-life insurance market in the Baltic countries, as well as the development of practical knowledge in combined management and IT solutions application.

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“…Quite detailed the question of socio-cultural capital, which emphasizes the role of social ties of personality and team in terms of the creation of barriers or competitive advantages were explored in the works. The study of these aspects on the example of insurance business we meet in the works of Klapkiv (2016) and Kaigorodova et al (2018). Social orientation of sustainable development is based on respect of all human rights and fundamental freedoms, in particular the rights for development, openness, effective participation of the public in all spheres of social interaction.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Socialization of Organization Sustainable Development Based on the Principles of Corporate Social Responsibility

Glonti¹,

Trynchuk²,

Khovrak³

et al. 2020

Montenegrin Journal of Economics

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The economic necessity becomes the orientation of the enterprise management system to ensure sustainable development, which will create a basis for increasing the economic strength of the enterprise, solving environmental and social problems. Increasing the social status of workers at enterprises, meeting the socially significant needs of the population are the priority areas of dynamic socioeconomic transformations. The socialization of the economy is largely determined by the satisfaction of the worker's needs, the completeness of their involvement in the modern process of transformation and the effectiveness of methods of human resources management. The purpose of this article is to substantiate the foundations of socialization of organization sustainable development based on the principles of corporate social responsibility (CSR). To confirm the hypothesis of the growth of the role of CSR, which is connected with the necessity of maximizing the positive influence on society through the implementation of the strategy of interaction between the organization and stakeholders. The possibility of introducing business ethics standards at each hierarchical level of management (top management, middle management, lower level management, and employees) are considered. It is proved, that the development of corporate social activities is becoming the most important managerial innovation, the service sector is characterized by a greater orientation towards achieving medium-term reputational effects while reducing the focus on short-term risk reduction, socially responsible company can successfully implement the principles of sustainable development in its activities, taking into account the requirement to harmonize social, economic and environmental priorities.

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Directions of improving information system of insurance company

Cited by 12 publications

References 4 publications

The impact of insurance company participation on the capital market’s sustainable development—empirical evidence based on investor sentiment and stock price synchronicity

The impact of insurance company participation on the capital market’s sustainable development—empirical evidence based on investor sentiment and stock price synchronicity

Application of customisation and personalisation in digital solutions of the non-life insurance market: a case study of Lithuanian, Latvian and Estonian e-sales platforms

Socialization of Organization Sustainable Development Based on the Principles of Corporate Social Responsibility

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