Erscheinungsdatum: 04/2011, Medium: Taschenbuch, Einband: Kartoniert / Broschiert, Titel: Corporate Governance in the Insurance Industry in Zimbabwe, Titelzusatz: Corporate Governance in the Zimbabwean Insurance Industry Viewed from a Director's Perspective, Autor: MUNGURE, JOHN, Verlag: LAP Lambert Acad. Publ., Sprache: Englisch, Rubrik: Wirtschaft // Management, Seiten: 84, Informationen: Paperback, Gewicht: 142 gr, Verkäufer: averdo
Risk Management in The Zimbabwean Short-Term Insurance Industry ab 49 € als Taschenbuch: The Case for an Enterprise-Wide Approach to Risk Management in the Zimbabwean Short-Term Insurance Industry. Aus dem Bereich: Bücher, Wissenschaft, Wirtschaftswissenschaft,
Corporate Governance in the Insurance Industry in Zimbabwe ab 49 € als Taschenbuch: Corporate Governance in the Zimbabwean Insurance Industry Viewed from a Director's Perspective. Aus dem Bereich: Bücher, Wissenschaft, Wirtschaftswissenschaft,
Risk Management in The Zimbabwean Short-Term Insurance Industry ab 49 EURO The Case for an Enterprise-Wide Approach to Risk Management in the Zimbabwean Short-Term Insurance Industry
Corporate Governance in the Insurance Industry in Zimbabwe ab 49 EURO Corporate Governance in the Zimbabwean Insurance Industry Viewed from a Director's Perspective
This research examines corporate governance as well as developing a preferred working definition for the term corporate governance that is adopted throughout the research. It then discusses key aspects of corporate governance. Survey evidence indicates that corporate governance is fairly understood in the insurance industry in Zimbabwe. Research findings further reveal that directors' remuneration is mainly a function of company performance and that to some extent Zimbabwean insurance companies are owner-managed. Other findings from the study suggest that enterprise- wide risk management is embraced by a few insurance companies and that boards are, to a great extent, chaired by non-executive directors who are not necessarily independent.Results of this study suggest that while an outright claim that insurance company collapses are wholly attributed to poor corporate governance is not well supported with empirical evidence at hand, it might be that in some cases corporate governance is not always put in practice by directors as well as it might be and could be that for some insurance companies more needs to be done.
Chapter 1 sets out the background to enterprise- wide risk management (EWRM). Chapter 2 examines literature on EWRM and Chapter 3 assesses key theoretical approaches to EWRM. Chapter 4 sets out the research design while Chapter 5 presents and discusses the results of an empirical investigation which explores the views of 16 Chief Executive Officers drawn from 16 Zimbabwean short- term insurance companies. Research evidence shows that whilst risk awareness seems good in most Zimbabwean short-term insurance companies, a significantly lower number take adequate measures to reduce risks to their lowest practical levels. It might be suggested that the Zimbabwean short-term insurance industry has limited capabilities to consistently identify, measure and manage risk exposures across the company and thereby limit exposures. Execution of EWRM is sporadic and losses have not been limited in accordance with predetermined risk tolerance guidelines. Therefore, the Zimbabwean short-term insurance industry might be viewed as having weak EWRM. Therefore this research provides a wide range of recommendations to address the identified weaknesses.
The Zimbabwean Insurance and Pension Commission (IPEC) aspire to reach a double digit penetration rate by end of year 2017. Therefore, this research intend to identify factors causing low life assurance penetration, assess the strategies adopted to increase the penetration rate by life assurance companies and recommend alternative strategies that can be implemented to increase life assurance in Zimbabwe. To achieve the set objectives, a descriptive research design was used to gather qualitative and quantitative data about the effectiveness of each strategy. A sample size of 55 respondents with 5 respondents from each company was used. A combination of stratified random sampling and judgemental sampling methods were employed for this study. The primary data was collected using personal interviews and questionnaires. The findings revealed that from the consumer side low life assurance consumption is caused by low income per capita, lack of trust and confidence in the public, low financial literacy or poor saving culture, lack of awareness about life assurance products among other causes.
The conditions for doing business are rapidly changing. The Internet and related advances in information technology significantly affect financial services in general and insurance markets and banks in particular. The growing importance of e-commerce represents a watershed event for insurance markets and banking institutions, as it does for most industries. By managing Information Technology risks, e-commerce will enable insurers to classify, underwrite, and price risk as well as settle claims more accurately and efficiently. In this book I took a look at this issue from the Zimbabwean Insurance industry perspective. Enjoy!