Journal of Insurance Issues
Scope & Guideline
Bridging Theory and Application in Risk Assessment
Introduction
Aims and Scopes
- Empirical Analysis of Insurance Markets:
The journal emphasizes empirical research that examines the behaviors and trends within various insurance markets, including life, health, and property insurance. This research often utilizes statistical methods and data analysis to draw actionable insights. - Consumer Behavior and Decision-Making:
A core area of focus is understanding how consumers make decisions regarding insurance products, including factors influencing willingness to pay and the impact of externalities such as economic conditions and pandemics. - Risk Management and Financial Stability:
The journal explores the intersection of insurance with risk management practices and financial stability, addressing issues such as liquidity, solvency, and the effects of financial crises on insurance firms. - Policy Development and Regulatory Issues:
Research often investigates the implications of policies and regulations on insurance practices, including the effectiveness of various insurance products and strategies for closing coverage gaps. - Innovative Insurance Products and Models:
The journal highlights studies on innovative insurance solutions, including microinsurance and pay-as-you-drive models, that adapt to changing consumer needs and market conditions.
Trending and Emerging
- Impact of Pandemics on Insurance Markets:
Recent publications have increasingly examined the effects of pandemics, particularly COVID-19, on various insurance sectors, highlighting shifts in consumer behavior and market dynamics. - Integration of Technology in Insurance:
There is a growing trend toward exploring how technology, such as data analytics and artificial intelligence, is transforming insurance products and consumer engagement. - Sustainability and Environmental Risks:
Emerging research is focusing on the implications of environmental risks, including natural disasters, on insurance take-up rates and product development, reflecting a broader societal concern for sustainability. - Diversity and Inclusion in Insurance Products:
Recent studies are increasingly addressing the need for diverse insurance products that cater to underrepresented populations, such as undocumented immigrants and low-income individuals. - Behavioral Economics in Insurance Decisions:
There is a rising interest in applying behavioral economics to understand insurance decision-making processes, particularly in how individuals perceive risk and react to incentives.
Declining or Waning
- Traditional Life Insurance Models:
Research focused on traditional life insurance models is becoming less prevalent, possibly due to the rise of alternative products and the evolving landscape of consumer preferences. - Static Risk Assessment Techniques:
There has been a noticeable decrease in studies employing static risk assessment techniques, as the industry increasingly leans towards dynamic models that account for changing economic and environmental factors. - General Health Insurance Coverage Studies:
While health insurance remains a critical area, there is a declining focus on broad studies of general health insurance coverage, with more emphasis now on specific populations and targeted interventions. - Historical Analysis of Insurance Trends:
The journal has seen fewer publications centered on historical analyses of insurance trends, as the current emphasis shifts towards contemporary issues and immediate market responses.
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