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Insurance Scheme (insurance + scheme)
Selected AbstractsDevelopment of a Japanese Version of the Care Planning Assessment ToolAUSTRALASIAN JOURNAL ON AGEING, Issue 1 2010Sumiko Kanegae Aim:, To develop a Japanese version of the Care Planning Assessment Tool (J-CPAT), originally developed in Australia as a comprehensive assessment of people with dementia. Methods:, The process of adapting the CPAT into Japanese included translation into Japanese, assessment of item comprehension, and a validity and reliability study. The J-CPAT is composed of eight domains: Communication, physical problems, self-help skills, confusion, behaviour, social interaction, psychiatric observations and carer dependency. The participants were 199 aged care clients. Measures were the J-CPAT, Mini-Mental State Examination (MMSE) and Care Levels used in the Long-term Care Insurance scheme. Results:, Cronbach's alpha values in each J-CPAT domain were 0.74,0.95. The correlation coefficient between the score of Confusion and MMSE was ,0.90, and those between physical problems, self-help skills, carer dependency in the J-CPAT, and care level were 0.70, 0.75 and 0.67. Conclusions:, The J-CPAT appears to be a reliable and valid tool for care planning in Japan. [source] The impact of operational characteristics on firms' EMS decisions: strategic adoption of ISO 14001 certificationsCORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT, Issue 4 2010Takuya Takahashi Abstract Firms choose to seek environmental management system (EMS) certifications such as ISO 14001 for a variety of reasons. In this paper we put forward a hypothesis that firms seek ISO 14001 certifications for their establishments when their operations involve low degrees of complexity. Another hypothesis we consider is that firms facing more uncertainty in their operations (and hence more risk) seek ISO 14001 certifications. These hypotheses have not been yet addressed in the literature and are of particular interest to business managers and policymakers. We empirically test these hypotheses using probit and duration models using matched establishment,firm,industry data for large Japanese manufacturers. Our findings support the first as well as the second hypotheses. This suggests that firms tend to certify more routine and less complex operations first, and that firms use ISO 14001 certifications as an insurance scheme. Copyright © 2009 John Wiley & Sons, Ltd and ERP Environment. [source] PIOUS LIES: THE JUSTIFICATION OF STATES AND WELFARE STATESECONOMIC AFFAIRS, Issue 2 2004Anthony de Jasay Institutions, customs, laws are often, and sometimes implausibly, credited with efficiency. They serve a good purpose and if they had not arisen, we would have invented them. The claim is reassuring, though it may be no more than a pious lie. The creation of the state by social contract, and the adoption of supposedly rational customs by primitive peoples, serve as examples. Interpreting the welfare state as a mutual insurance scheme from which all can expect to profit is a classic of the kind. [source] The political economy of natural disaster insurance: lessons from the failure of a proposed compulsory insurance scheme in GermanyENVIRONMENTAL POLICY AND GOVERNANCE, Issue 6 2007Reimund Schwarze Abstract This paper studies the politico-economic reasons for the refusal of a proposed compulsory flood insurance scheme in Germany. It provides the rationale for such a scheme and outlines the basic features of a market-orientated design. The main reasons for the political rejection of this proposal were the misperceived costs of a state guarantee, legal objections against a compulsory insurance, distributional conflicts between the federal government and the German states on the implied administrative costs and the well known charity hazard of ad hoc disaster relief. The focus on pure market solutions proved to be an ineffective strategy for policy advice in this field. Copyright © 2007 John Wiley & Sons, Ltd and ERP Environment. [source] Economic crisis and social policy reform in KoreaINTERNATIONAL JOURNAL OF SOCIAL WELFARE, Issue 2 2001Soonman Kwon The economic crisis that broke out in Korea in December 1997 has had a chilling impact on social development in the country. Today unemployment is the highest that Korea has experienced in the past thirty years. This paper aims to examine the impact of the economic crisis on social development and the role of public policy to mitigate the problems caused by the crisis. The economic crisis has hit vulnerable groups harder, increased the proportion of part-time and daily workers, and reversed the trend of steady improvement of income distribution. The economic crisis along with the trend of aging population, globalization, and competition calls for an expanded role of social policy, which the Korean government has neglected for a long time. The main targets of social policy reform in Korea include the expansion of government programs and safety nets for the unemployed and redesigning the national pension and health insurance scheme to provide adequate income security as well as to improve the system sustainability. [source] Liberal Egalitarianism and WorkfareJOURNAL OF APPLIED PHILOSOPHY, Issue 3 2004Paul Bou-Habib abstract In this paper we ask whether liberal egalitarians can endorse workfare policies that require that welfare recipients should work in return for their welfare benefits. In particular, we focus on the fairness-based case for workfare, which holds that people should be responsible for their own welfare since they would otherwise impose unfair costs on others. Two versions of the fairness-based case are considered. The first defends workfare on the grounds that it would form part of an unemployment insurance scheme that individuals would endorse under certain hypothetical conditions that are salient for the purposes of determining just public policy. The second appeals to the notion of reciprocity in order to justify the requirement that people work for their benefits. We cast doubt on both of these arguments for workfare. Neither argument shows that the unconditional provision of welfare benefits is unjust; hence, the fairness case for workfare is inconclusive. [source] Developing Hedging Strategies for Québec Hog Producers under Revenue InsuranceCANADIAN JOURNAL OF AGRICULTURAL ECONOMICS, Issue 1 2004Jean-Philippe Gervais The paper investigates the optimal hedging strategies of Québec hog producers when they participate in a publicly funded revenue insurance program known as ASRA (Régime d'assurance-stabilisation des revenus agricoles). A forecast model of local cash and futures prices is built and Monte Carlo methods are used to derive the optimal futures and option positions of Québec hog producers. The positive correlation between forecasts of futures and cash spot prices induces positive sales of futures and put options to hedge price risk. ASRA provides put options to hog producers at actuarially advantageous terms. Producers can increase the expected utility of profits by selling back a portion of these put options using financial markets. Options are attractive to manage price risk given the nonlinearity in the profit function induced by the revenue insurance scheme. Speculative incentives to use futures and options are also discussed in the context of ASRA. Les auteurs ont examiné les meilleures stratégies de régulation pour les producteurs de porc québécois adhérant au programme d'assurance-revenu financeé par l'administration publique (ASRA). Ils ont bâti un modéle de prévision pour les prix au comptant et les prix à terme locaux puis appliquéé les méthodes de Monte Carlo pour voir comment les éleveurs de porcs québécois peuvent obtenir les prix d'option etles prix â terme optimaux. La corrélation positive entre les prix é terme et les prix au comptant favorise les ventes â terme et les options de vente pour une meilleure régulation des risques associés aux prix. L'ASRA permet aux producteurs de prendre des options â des termes avantageux sur le plan actuariel. Les éleveurs peuvent accroître la valeur prévue de leurs bénéfices en cédant une partie de ces options sur les marchés financiers. Les options sont intéressantes pour gérer les risques liés aux prix â cause de la non-linéarité que le programme d'assurance-revenu induit dans la fonction «bénéfices ». Les auteurs abordent aussi le probléme de la spéculation sur le marchéâ terme et le marché des options dans le contexte de l'ASRA. [source] Emergency medicine in India: Why are we unable to ,walk the talk'?EMERGENCY MEDICINE AUSTRALASIA, Issue 4 2007Suresh S David Abstract The largest democracy on earth, the second most populous country and one of the most progressive countries in the globe, India, has advanced tremendously in most conventional fields of Medicine. However, emergency medicine (EM) is a nascent specialty and is yet to receive an identity. Today, it is mostly practised by inadequately trained clinicians in poorly equipped emergency departments (EDs), with no networking. Multiple factors such as the size of the population, variation in standards of medical education, lack of pre-hospital medical systems and non-availability of health insurance schemes are some of the salient causes for this tardy response. The Indian medical system is governed by a central, regulatory body which is responsible for the introduction and monitoring of all specialties , the Medical Council of India (MCI). This organisation has not recognized EM as a distinct specialty, despite a decade of dogged attempts. Bright young clinicians who once demonstrated a keen interest in EM have eventually migrated to other conventional branches of medicine, due to the lack of MCI recognition and the lack of specialty status. The Government of India has launched a nationwide network of transport vehicles and first aid stations along the national highways to expedite the transfer of patients from a crash site. However, this system cannot be expected to decrease morbidity and mortality, unless there is a concurrent development of EDs. The present article intends to highlight factors that continue to challenge the handful of dedicated, full time emergency physicians who have tenaciously pursued the cause for the past decade. A three-pronged synchronous development strategy is recommended: (i) recognise the specialty of EM as a distinct and independent basic specialty; (ii) initiate postgraduate training in EM, thus enabling EDs in all hospitals to be staffed by trained Emergency physicians; and (iii) ensure that EMs are staffed by trained ambulance officers. The time is ripe for a paradigm shift, since the country is aware that emergency care is the felt need of the hour and it is the right of the citizen. [source] Income Insurance in European AgricultureEUROCHOICES, Issue 1 2003Miranda P. M. Meuwissen Summary Income Insurance in EuropeanAgriculture The agricultural risk environment in Europe is changing, for example because of WTO agreements and governments increasingly withdrawing from disaster assistance in case of catastrophic events. In this context, some form of income insurance may be a useful risk management tool for farmers. Insuring farmers' incomes, however, is rather problematical for reasons of asymmetric information and high correlation of the risks amongst the would-be insured, for example risks due to price fluctuations, floods, droughts and livestock epidemics. It is concluded that the most aggregated forms of income insurance that are likely to be feasible include revenue insurance for field crops, especially if there are relevant futures markets and area yield data, and business interruption insurance for livestock commodities. In Europe, only a few such schemes currendy exist; some are purely private, others are subsidised. A somewhat larger involvement of the public sector, for example through public-private partnerships for reinsurance, could extend the availability of income insurance schemes throughout Europe. Governments, however, should tread warily in entering the field of subsidised agricultural insurance, which experience shows is beset with pitfalls. Pilot tests are useful in establishing the attractiveness of income insurance schemes and other income stabilising tools for the various parties involved. Le contexte du risque agncoie est en train de changer en Europe, en raison notamment des accords de 'OMC et d'un retrait croissant des gouvernements de , assistance sinistre en cas de catastrophes. Dans ce contexte, une certaine forme ? assurance sur le revenu peut être un outil utile de gestion des risques pour les agriculteurs. Assurer les revenus des agriculteurs, cependant, est une activitécute; assez délicate pour des raisons ? information asymétrique et de forte corrélation des risques chez les assurés potentiels, avec , exemple des risques dus aux fluctuations de prix, aux inondations, aux sécheresses et aux épidémies animales. On en conclut que les formes ? assurance revenu les plus complètes et les plus plausibles comprennent ľ assurance-revenu pour les récoltes, notamment s'il existe des marchés a terme appropriés et des données sur le rendement par région, et ,,assurance pour cessation ?'activite pour les produits de ,élevage;. En Europe, seuls quelques projets similaires existent; certains sont purement privés, ? autres sont subventionés. Une implication un peu plus importante du secteur public, par exemple par le biais de partenariats public-privé pour la réassurance, permettrait ?élargir la disponibilité des plans ? assurance-revenu dans toute , Europe. Les gouvernements, cependant, doivent aborder avec prudence le domaine de , assurance agricole subventionée qui, , expérience le montre, est semée ? embûches. Des expériences pilotes sont utiles pour définir , intérêt des projets ? assurance-revenu et des autres outils permettant de stabiliser les revenus pour les différentes parties impliquées. In Europa ändern sich zur Zeit die _ Rahmenbedingungen für die Landwirtschaft hinsichtlich des Risikos. Dies liegt zum Beispiel an WTO-Abkommen und Regierungen, die ihre Hilfsleistungen im Schadensfall zunehmend verweigern. In diesem Zusammenhang könnte irgendeine Form von Einkommenversicherung im Bereich des Risikomanagements für Landwirte von Nutzen sein. Eine solche Versicherung wirft jedoch Probleme auf, da asymmetrische Information und eine hohe Risikokorrelation bei den potenziellen Versicherungsnehmem vorliegen, wie beispielsweise Risiken, die auf Preisschwankungen, Flut- und Dürrekatastrophen oder Tierseuchen beruhen. Hieraus wird gefolgert, dass zu den umfassendsten realisierbaren Formen von Einkommenversicherungen die Erlösversicherung im Ackerbau - insbesondere bei Vorliegen von relevanten Warenterminmärkten und Flächenertragsdaten - und die Betriebsausfallversicherung für tieriscbe Erzeugnisse gehören. In Europa sind zur Zeit nur wenige solcher Programme vorhanden; bei einigen handelt es sich um ausschließlich private Versicherungen, andere werden subventioniert. Würde der öffentliche Sektor stärker mit eingebunden, zum Beispiel mit Hilfe von öffendich-privaten Rückversicherungsgesellschaften, könnten in ganz Europa weitere Programme zur Einkommenversicherung zur Verfügung gestellt werden. Für die Regierungen jedoch ist beim Etablieren subventionierter Versicherungen im Bereich der Landwirtschaft größte Vorsicht geboten, da dies erfahrungs-gemäß Schwierigkeiten aufwirft. Zunächst sollten Pilotprojekte durchgeführt werden, mit deren Hilfe die Attraktivität von Programmen zur Einkommen-aversicherung und von weiteren einkommensstabilisierendenMaßnahmen fÜr die verschiedenen beteiligten Parteien sicher gestellt wird. [source] Progressive segmented health insurance: Colombian health reform and access to health servicesHEALTH ECONOMICS, Issue 1 2007Fernando Ruiz Abstract Equal access for poor populations to health services is a comprehensive objective for any health reform. The Colombian health reform addressed this issue through a segmented progressive social health insurance approach. The strategy was to assure universal coverage expanding the population covered through payroll linked insurance, and implementing a subsidized insurance program for the poorest populations, those not affiliated through formal employment. A prospective study was performed to follow-up health service utilization and out-of-pocket expenses using a cohort design. It was representative of four Colombian cities (Cendex Health Services Use and Expenditure Study, 2001). A four part econometric model was applied. The model related medical service utilization and medication with different socioeconomic, geographic, and risk associated variables. Results showed that subsidized health insurance improves health service utilization and reduces the financial burden for the poorest, as compared to those non-insured. Other social health insurance schemes preserved high utilization with variable out-of-pocket expenditures. Family and age conditions have significant effect on medical service utilization. Geographic variables play a significant role in hospital inpatient service utilization. Both, geographic and income variables also have significant impact on out-of-pocket expenses. Projected utilization rates and a simulation favor a dual policy for two-stage income segmented insurance to progress towards the universal insurance goal. Copyright © 2006 John Wiley & Sons, Ltd. [source] Opinions of Swedish citizens, health-care politicians, administrators and doctors on rationing and health-care financingHEALTH EXPECTATIONS, Issue 2 2002Per Rosén Objective ,To compare the views of citizens and health-care decision-makers on health-care financing, the limits of public health-care, and resource allocation. Design ,A postal survey based on a randomized sample of adults taken by the national registration and stratified samples of health-care politicians, administrators, and doctors in five Swedish counties. Participants ,A total number of 1194 citizens (response rate 60%) and 427 decision-makers (response rate 69%). Results ,The general public have high expectations of public health-care, expectations that do not fit with the decision-makers' views on what should be offered. To overcome the discrepancy between demand and resources, physicians prefer increased patient fees and complementary private insurance schemes to a higher degree than do the other respondents. Physicians take a more favourable view of letting politicians on a national level exert a greater influence on resource allocation within public health-care. A majority of physicians want politicians to assume a greater responsibility for the exclusion of certain therapies or diagnoses. Most politicians, on the other hand, prefer physicians to make more rigorous decisions as to which medical indications should entitle a person to public health-care. Conclusions ,The gap between public expectations and health-care resources makes it more important to be clear about who should be accountable for resource-allocation decisions in public health-care. Significant differences between physicians' and politicians' opinions on financing and responsibility for prioritization make the question of accountability even more important. [source] Organizational Alternatives for Companies' Management of Occupational Risks: The Examples of Spain and ArgentinaINTERNATIONAL SOCIAL SECURITY REVIEW, Issue 1 2001Eugenia Suárez Serrano This study discusses the various options available to companies for the management of occupational risks. In this context, occupational accident insurance schemes in Spain and Argentina are analysed, with reference to the theory of organizational economics. Spain has 75 years' experience of such schemes, while in Argentina they have only recently been introduced. Although the two models have similar goals, their differences, in terms of competition, regulation and ownership, lead to different incentives for those concerned: workers, companies, insurers and regulatory bodies. [source] Direction-of-change forecasting using a volatility-based recurrent neural networkJOURNAL OF FORECASTING, Issue 5 2008S. D. Bekiros Abstract This paper investigates the profitability of a trading strategy, based on recurrent neural networks, that attempts to predict the direction-of-change of the market in the case of the NASDAQ composite index. The sample extends over the period 8 February 1971 to 7 April 1998, while the sub-period 8 April 1998 to 5 February 2002 has been reserved for out-of-sample testing purposes. We demonstrate that the incorporation in the trading rule of estimates of the conditional volatility changes strongly enhances its profitability, after the inclusion of transaction costs, during bear market periods. This improvement is being measured with respect to a nested model that does not include the volatility variable as well as to a buy-and-hold strategy. We suggest that our findings can be justified by invoking either the ,volatility feedback' theory or the existence of portfolio insurance schemes in the equity markets. Our results are also consistent with the view that volatility dependence produces sign dependence. Copyright © 2008 John Wiley & Sons, Ltd. [source] | ||||||||||||||||