https://www.um.edu.mt/library/oar/handle/123456789/7555 2026-04-07T13:13:43Z 2026-04-07T13:13:43Z https://www.um.edu.mt/library/oar/handle/123456789/7736 2016-01-27T02:09:40Z 2013-01-01T00:00:00Z

Title: Impact of worldwide natural catastrophes on local insurance companies Abstract: The main aim of this study was to find out the impact of natural catastrophes on local insurance companies. The impact will come out from underwriting business in Malta and underwriting international business. The other effect will occur from reinsurance when insurers do not find availability of reinsurance protection and/or reinsurance costs. The last effect on local insurance companies arises from the investment element where the portfolio of the insurers will be affected after a natural catastrophe. To carry out my study, a set of five interviews were conducted with the local insurance companies to identify the effect on them after a natural catastrophe. Results were compared to identify different effects and different opinions from one company to another. The general findings, from the underwriting point of view shows that insurers get the biggest impact when underwriting local business and have to pay losses from storms, tempests and floods. Although, Earthquakes are not perceived as high frequent risks, their severity could create big losses for the companies. From the reinsurance point of view, insurers agreed that reinsurance prices could change because after a big natural catastrophe they will end up paying substantial amounts to the claimants, so they increase the price on insurers to recover from such losses. On the other hand, the reinsurance capacity doesn't really affect the local insurance companies. The impact from investment will occur only if the local companies have investments with foreign companies that are hit by a natural catastrophe, otherwise the affect is minimal. In fact, some insurers stated that they don't find a correlation between their investments and natural catastrophes. Although, such big events are quite rare to happen in Malta, the local insurance companies do have protection against such infrequent occurrences which would create huge losses if one such event were to occur. Description: B.COM.(HONS)INSURANCE

2013-01-01T00:00:00Z https://www.um.edu.mt/library/oar/handle/123456789/7726 2016-01-26T08:47:51Z 2013-01-01T00:00:00Z

Title: A SWOT analysis for the introduction of telematics based insurance in Malta for corportate fleets Abstract: This dissertation seeks to establish the viability of fleet Telematics-Based Insurance in Malta by investigating the perceptions of insurance operators, tracking service providers and corporate fleet owners. At its core, the study involved a SWOT Analysis to appraise Telematics-Based Insurance against traditional premium rating systems. From a more macro point of view, it weighed external forces acting for and against implementation locally. In validating results, key stakeholders were consulted, being insurance principals, agents and brokers, along with tracking providers and the ultimate customer of such alternative rating systems, the fleet owner. Their views were analysed to draw conclusions and recommendations. Through support from readily available information and semi-structured interviews, compelling data and findings were gathered. A prominent concern is that although locally people are becoming quite technology oriented, there is little awareness of how this can be linked to save insurance costs. One of the main recommendations of the study is for tracking providers to create awareness around such telematic monitoring devices and their multiple benefits, those logistical and insurance related. This should then instigate fleet owners themselves to demand such insurance. In turn, the local insurer should be enticed to offer such insurance schemes as enhanced fleet management and monitoring translate into an improved insurance risk. Research yielded that if there is cooperation and commitment between the aforementioned stakeholders, and extensive analysis is conducted to link driving data with claims history, the risk profile of each fleet owner will better represent the true risk exposure. Description: B.COM.(HONS)INSURANCE

2013-01-01T00:00:00Z https://www.um.edu.mt/library/oar/handle/123456789/7680 2018-04-03T11:53:23Z 2013-01-01T00:00:00Z

Title: An anaysis of the bancassurance set-up adopted by the two leading Maltese banks Abstract: The selling of insurance through banks has since the mid-twentieth century been referred to as bancassurance. Setting up a bancassurance operation can take different forms which range from the simplest form being a distribution agreement between an insurance company and a bank to having a wholly owned insurance subsidiary. Prior to embarking on a bancassurance venture, studies have to be done as to what kind of bancassurance set-up is most favourable, taking into consideration the availability of resources in possession as well as the most suitable model to be set up in the country, with regards to legislation, room for profit and market share. The research study was done so as to compare the best bancassurance model for the two leading Maltese banks, HSBC and Bank of Valletta. The comparison was done on a number of criteria being derivation of expertise in the organisations, and rigidity in the on-boarding stage with regards to staff adaptability and culture coherence. In order to complete the dissertation two research methods were used being a quantitative approach and a qualitative approach. Profits for the bancassurance business for the two banking organisations were compared. Interviews were iv carried out with professionals to get opinions and facts for the qualitative criteria to be compared. Based on the number of different criteria, different points emerged. Some of the criteria such staff openness to the selling of insurance resulted to be similar for both the models and therefore no model came out as being stronger in this respect. Different types of risks proved to be different for both models. Keeping in mind that HSBC Life is more exposed to insurance risks, it resulted that profit was far greater for HSBC Life for most of the years under study. Through these criteria it was established that, so far, a wholly-owned insurance subsidiary in Malta has shown better results. Description: B.COM.(HONS)INSURANCE

2013-01-01T00:00:00Z https://www.um.edu.mt/library/oar/handle/123456789/7662 2019-04-12T12:29:41Z 2013-01-01T00:00:00Z

Title: Medical insurance and football : an in-depth analysis of the issues that affect the viability of health insurance for professional and semi professional football players in Malta Abstract: Football is a game practiced by millions of persons worldwide. Over the years, the game of football has made huge strides in terms of development and has now become the main earning activity for a number of individuals. The constant demands of football have ultimately led to an increase in awareness regarding a player's health. Footballers are nowadays full-time professionals who are better physically trained to be able to cope with a hectic footballing schedule. Professional football players who suffer an injury would seek to avail themselves of the best treatment available in order to return to action at the earliest. This, together with other issues such as the higher risk of injury that the occupation presents, classifies the risk of insuring football players as being a specialist risk. Most health insurers therefore exclude this risk from standard cover and this has brought about the need for a specialist medical insurance policy for professional and semi-professional footballers within the insurance industry. The intention would be to provide cover for the treatment of footballing injuries. In Malta, although football is widely followed and practiced, few are those individuals who have taken up football as a full-time profession. In light of the foregoing, this study seeks to enable a better understanding of the main issues which will affect the viability of such a specialist health insurance policy in Malta. The findings seek to shed light on the various opinions of local insurance companies, a person who is a specialist in sports and exercise medicine and a professional football player on the crucial elements concerning the insuring of professional and semi-professional football players. The one-to-one interviews sought to gather a better understanding of: What circumstance may make the provision of a medical insurance policy for football players more profitable for insurers; - The reasons why only one insurance provider opted to offer such an insurance policy; - How the take up of this medical insurance policy for football players may be performing locally; - Whether there is a possibility of growth within this segment and the measures which may be applied to stimulate such growth. The research reveals that insurance companies consider the risk of insuring professional and semi-professional football players as a bad risk which is unlikely to enable them to offer the insurance policy at a reasonable premium and with adequate levels of cover. A variety of factors are disclosed and explained in this study which include the size of the professional Maltese footballer market, the increased cost of medical treatment and the increasing rate of injuries amongst others. The recommendations listed in this study seek to provide insurers with an opportunity for the issuance of a medical insurance policy for professional and semi-professional football players. Description: B.COM.(HONS)INSURANCE

2013-01-01T00:00:00Z