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1 – 7 of 7Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium and can be thought of as a guaranteed small loss to…
Abstract
Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium and can be thought of as a guaranteed small loss to prevent a large, possibly a devastating, loss. Insurance is often challenging to quantify and count its values. A study on international insurance comparison will be more justified and result driven only when it is based on the comparable economic-adjusted insurance growth level. This motivates the study to introduce a model, Benchmark Ratio of Insurance Penetration (BRIP), for insurance growth comparison across the selected countries. This model makes an attempt to compare the relative stance between a country's Insurance Penetration (IP) and the selected countries’ average IP at an economic level which is at par with the country's gross domestic product (GDP) per capita. The study is done by selecting the G7 countries and the Brazil, Russia, India, China, South Africa (BRICS) nations to have a proper representation of the world. These two groups of countries can give a picture of developed, emerging as well as underdeveloped countries. The paper uses the data of 12 countries for the past years (2007–2020) as the sample to study the objective of insurance comparison. The implications of such an analysis will be able to serve the purpose of insurance companies for their strategic expansion planning on an international basis. The insurance companies can depend on this more economically adjusted data when the policymakers want to lay foot in newer countries or expand in the existing ones.
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Kulvinder Kaur and Samrat Gupta
Social media is becoming a hub of fake content, be it political news, product reviews, business promotion or any other sociocultural event. This study aims to provide a…
Abstract
Purpose
Social media is becoming a hub of fake content, be it political news, product reviews, business promotion or any other sociocultural event. This study aims to provide a comprehensive review of the emerging literature to advance an understanding of misinformation on social media platforms, which is a growing concern these days.
Design/methodology/approach
The authors curate and synthesize the dispersed knowledge about misinformation on social media by conducting a systematic literature review based on the preferred reporting items for systematic reviews and meta-analyses framework. The search strategy resulted in 446 research articles, out of which 33 relevant articles were identified for this research.
Findings
Misinformation on social media spreads swiftly and may result in negative consequences. This review identifies 13 intrinsic predictors of the dissemination, 11 detection approaches and 10 ways to combat misinformation on social media.
Originality/value
The study adds to the present knowledge of spread and detection of misinformation on social media. The results of this study will be beneficial for researchers and practitioners and help them in mitigating the harmful consequences of the spread of misinformation.
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Aparna Bhatia and Megha Mahendru
The purpose of this article is to evaluate revenue efficiency performance of life insurance companies in India. The study also compares if private or public insurance sector is…
Abstract
Purpose
The purpose of this article is to evaluate revenue efficiency performance of life insurance companies in India. The study also compares if private or public insurance sector is more “revenue efficient”. Furthermore, the study determines the nature of return to scale (RTS) and identifies the leaders and laggards amongst insurance companies operating in India.
Design/methodology/approach
Revenue efficiency is calculated by employing data envelopment analysis – a non-parametric approach, on a data set of 24 insurance companies over the period 2013–2014 to 2017–2018.
Findings
The empirical results suggest that life insurance companies in India could generate only 34.4% of revenue, which is very less than what these are expected to generate from the same inputs. Majority of life insurance companies operating in India are operating at decreasing return to scale (DRS). There is a reduction in leaders and the highest proportion of companies is falling in the category of laggards.
Originality/value
As per the best knowledge of researchers, no empirical work has been carried out with respect to measuring the revenue efficiency of Indian insurance companies. The current study appropriately fills the gap by not only calculating the revenue efficiency scores of insurance companies in India but also provides insights into the causes of revenue inefficiencies. It also gives implications for efficient and effective management of insurance companies.
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G.K. Ramesh, J.K. Madhukesh, Emad H. Aly and Ioan Pop
The purpose of this paper is to study the steady biomagnetic hybrid nanofluid (HNF) of oxytactic microorganisms taking place over a thin needle with a magnetic field using the…
Abstract
Purpose
The purpose of this paper is to study the steady biomagnetic hybrid nanofluid (HNF) of oxytactic microorganisms taking place over a thin needle with a magnetic field using the modified Buongiorno’s nanoliquid model.
Design/methodology/approach
On applying the appropriate similarity transformations, the governing partial differential equations were transformed into a set of ordinary differential equations. These equations have been then solved numerically using Runge–Kutta–Fehlberg method of fourth–fifth order programming in MAPLE software. Features of the velocity profiles, temperature distribution, reduced skin friction coefficient, reduced Nusselt number and microorganisms’ flux, for different values of the governing parameters were analyzed and discussed.
Findings
It was observed that as the needle thickness and solid volume fraction increase, the temperature rises, but the velocity field decreases. For a higher Peclet number, the motile microorganism curve increases, and for a higher Schmidt number, the concentration curve rises.
Originality/value
On applying the modified Buongiorno’s model, the present results are original and new for the study of HNF flow and heat transfer past a permeable thin needle.
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Qiqi Liu and Tingwu Yan
This paper investigates the ways digital media applications in rural areas have transformed the influence of social networks (SN) on farmers' adoption of various climate change…
Abstract
Purpose
This paper investigates the ways digital media applications in rural areas have transformed the influence of social networks (SN) on farmers' adoption of various climate change mitigation measures (CCMM), and explores the key mechanisms behind this transformation.
Design/methodology/approach
The study analyzes data from 1,002 farmers’ surveys. First, a logit model is used to measure the impact of SN on the adoption of different types of CCMM. Then, the interaction term between digital media usage (DMU) and SN is introduced to analyze the moderating effect of digital media on the impact of SN. Finally, a conditional process model is used to explore the mediating mechanism of agricultural socialization services (ASS) and the validity of information acquisition (VIA).
Findings
The results reveal that: (1) SN significantly promotes the adoption of CCMM and the marginal effect of this impact varies with different kinds of technologies. (2) DMU reinforces the effectiveness of SN in promoting farmers' adoption of CCMM. (3) The key mechanisms of the process in (2) are the ASS and the VIA.
Originality/value
This study shows that in the context of DMU, SN’s promotion effect on farmers' adoption of CCMM is strengthened.
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