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In the past two decades, many emerging economies have been witnessed the strong growth of their life insurance industry. While research in the demand for life insurance has attracted much attention since the 1960s, most studies have focused on cross‐country studies or well‐established markets...
This paper analyses the risks of the elderly and needs for aged care in China as a major social problem faced by the Chinese government in the 21st century, suggests the development of aged care accounting as a tool of providing information for policy‐makers, and outlines a general framework...
This paper analyses the development, regulation and future trend of the corporate insurance market in the People’s Republic of China (PRC). Using data for 212 Chinese listed companies over the period 1997‐99, this study provides some preliminary empirical evidence regarding the property...
This paper examines the risk factors of medical expense in China and applies statistical models to analyze these factors. Adopting data from social and private health insurance, this paper discusses the application of some multi‐variable statistical models in analyzing the risk factors of...
Nepal is one of the most natural disaster prone countries in the world. Variable climatic conditions and active tectonic processes have made her vulnerable to various types of natural disasters. In addition, other man‐made factors such as unplanned settlement, lack of public awareness,...
The Private Finance Initiative (PFI) introduced in the UK in 1992 has provided the framework for the completion of a large number of capital projects managed by public sector bodies. The objectives of the PFI included the promotion of greater efficiency and cost control in the management of...
Based on the belief that it is behaviour which constitutes risk rather than procedures, the paper focuses on the awareness of behavioural aspects in risk management techniques and the consequences that arise out of this awareness. It questions the traditional thinking that risk management is...
In this paper, the future trends and challenges of financial risk management are considered. First, the historical developments and current status of financial risk management are assessed. Then, key features of the financial industry in the digital economy are discussed. It is argued that the...
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