WorldCat Identities

Cummins, J. David

Works: 176 works in 414 publications in 2 languages and 5,282 library holdings
Genres: Conference papers and proceedings  Case studies  Handbooks and manuals  Tables (Data)  Academic theses 
Roles: Author, Editor, Other, htt
Classifications: HG8951, 368.1
Publication Timeline
Most widely held works by J. David Cummins
Deregulating property-liability insurance : restoring competition and increasing market efficiency by J. David Cummins( )

16 editions published between 2001 and 2002 in English and held by 1,176 WorldCat member libraries worldwide

A Brookings Institution Press and American Enterprise Institute publication Over the past two decades, the United States has successfully deregulated prices and restrictions on most previously-regulated industries, including airlines, trucking, railroads, telecommunications, and banking. Only a few industries remain regulated, the largest being the property-liability insurance business. In light of recent sweeping financial modernization legislation in other sectors of the insurance industry, this timely volume examines the basis for continued regulation of rates and forms of the U.S. property
Catastrophe risk financing in developing countries : principles for public intervention by J. David Cummins( )

16 editions published in 2009 in English and held by 716 WorldCat member libraries worldwide

Public intervention in catastrophe insurance markets, supported by the donor community and the World Bank, should be country specific. Low-income countries, where the domestic non-life insurance market is undeveloped, should focus in the short term on the development of sovereign catastrophe insurance solutions and the promotion of public goods related to risk market infrastructure. These countries are usually not mature enough for the promotion of catastrophe insurance pools for private homeowners. Middle-income countries, where the domestic non-life insurance market is more developed, should help the private insurance industry offer market-based catastrophe insurance solutions to homeowners and to small and medium enterprises, including the agricultural sector. This book offers a framework, with lessons drawn from recent experience, guiding principles for public intervention and potential roles for donors and International Financial Institutions (IFIs). These lessons are expected to be used in developing affordable, effective and sustainable country-specific catastrophe insurance programs
Handbook of international insurance : between global dynamics and local contingencies by J. David Cummins( )

20 editions published in 2007 in English and held by 570 WorldCat member libraries worldwide

THE HANDBOOK OF INTERNATIONAL INSURANCE Gordon Stewart, President, Insurance Information Institute, New York, USA "The globalization of insurance markets means that understanding both international developments and local trends around the world is now fundamental for insurance executives coping with today's complex and competitive environment. By providing such a comprehensive picture of the world's insurance markets, this unique and necessary book becomes an essential tool for anyone seeking to operate wisely and successfully. Richard D. Phillips, Professor and Chairman, Department of Risk Management and Insurance, Georgia State University, Atlanta, USA "Comprehensive surveys, written by international experts, provide in depth descriptions and discuss recent developments of the world's major insurance markets. Each chapter contains essential insights for insurance executives and academic researchers interested in risk management and the globalization of insurance markets." Patrick Liedtke, Secretary General and Managing Director, the Geneva Association, Switzerland "This book depicts in an outstanding way the dichotomy of the insurance world today, which is still torn between global approaches and local solutions. Both insurance professionals and academics will profit enormously from its intelligent insights." Raimond Maurer, Professor, Goethe-University Frankfurt, Germany "In today's high competition environment, the understanding of international insurance markets is crucial to sustain an insurance company's competitive advantage. This book makes a major contribution to that understanding." Edited by: J. David Cummins, Harry J. Loman Professor of Insurance and Risk Management, Wharton School, University of Pennsylvania, USA Bertrand Venard, Professor of Management, Audencia. Nantes School of Management, France
An econometric model of the life insurance sector of the U.S. economy by J. David Cummins( Book )

22 editions published between 1972 and 1975 in English and held by 291 WorldCat member libraries worldwide

Risk classification in life insurance by J. David Cummins( Book )

18 editions published between 1982 and 2010 in 3 languages and held by 283 WorldCat member libraries worldwide

Analiza:Evaluación del riesgo en los seguros de vida; Procedimientos de clasificación y Análisis multivariable de factores de riesgo y mortalidad
Strategic planning and modeling in property-liability insurance by J. David Cummins( Book )

13 editions published between 1984 and 1985 in English and held by 227 WorldCat member libraries worldwide

The Geneva Association and Risk Economics The Geneva Association The Geneva Association (International Association for the Study of Insurance Economics) commenced its activities in June 1973, on the initiative of twenty-two members in eight European countries. It now has fifty-four members in sixteen countries in Europe and in the United States. The members of the association are insurance companies which provide financial support for its activities. The aims and strategy of the Geneva Association were clearly defined in 1971 by the founding committee. They were set forth in the first report to the Assembly of Members in 1974: "To make an original contribution to the progress of insurance by objective studies on the interdependence between economics and insurance." In pursuit of this objective, the Association strives to place insurance problems in the context of the modern economy and to overcome the antagonism between different groups and institutions by showing that they all have a common interest in tackling the problem of risk in a changing world. In consequence, the studies made by the Association had to move away from the subjects familiar to insurance professionals and explore related fields, dealing with opinions and behavior falling outside the profession's vii FOREWORD viii traditional framework of analysis. It is in this direction that the Association's preoccupations have been directed from the beginning, towards areas in which insurance activities come into contact with those of other economic sectors such as government, banking, manufacturing, and households
Classical insurance solvency theory by J. David Cummins( Book )

13 editions published in 1988 in English and held by 224 WorldCat member libraries worldwide

The problem of solvency is, in fact, as old as insurance. The history of the industry knows many ways to meet the risks involved with underwriting, such as spreading the risk portfolio (Cato, Senior already applied it), risk selection, reserve funds, reinsurance, etc. Whilst these measures too often proved ineffective, the establish­ ment of legislative control and public supervision ensued. However, not until the last few decades has the solvency issue become an ob­ ject of intensive studies, very much thanks to the progress of related empirical and theoretical knowledge, and in the under­ standing of the concerned complicated processes. The research activities have grown extensively in many countries in recent years. The more the studies advance the more new relevant aspects are detected and a great variety of alternative proposals have come up for discussion. Therefore, it has become necessary to attempt a survey of the whole problem area in order to be able to place the quite numerous pieces of knowledge in their proper context, and also, among other things, to avoid the pitfalls of handling isolated problems omitting vital tie-ins to the environment. Many of the rele­ vant problems and subproblems are still lacking adequate and well tested solutions. Therefore, a survey of the whole problem area can also hopefully serve as guidance for future research efforts
Fair rate of return in property-liability insurance by J. David Cummins( Book )

14 editions published between 1986 and 1987 in English and Undetermined and held by 223 WorldCat member libraries worldwide

Property-liability insurance rates for most lines of business are regulated in about one-half of the states. In most cases, this me ans that rates must be filed with the state insurance commissioner and approved prior to use. The remainder of the states have various forms of competitive rating laws. These either require that rates be filed prior to use but need not be approved or that rates need not be filed at all. State rating laws are summarized in Rand Corporation (1985). The predominant form of insurance rate regulation, prior approval, began in the late 1940s following the V.S. Supreme Court decision in United States vs. South-Eastern Underwriters Association, 322 V.S. 533 (1944). This was an anti trust case involving one of four regional associaƯ tions of insurance companies, which constituted an insurance cartel. The case struck down an earlier decision, Paul vs. Virginia, 8 Wall 168 (1869), holding that the business of insurance was not interstate commerce and hence that state regulation of insurance did not violate the commerce clause of the V.S. Constitution. Following South-Eastern Underwriters, the Vnited States Congress passed the McCarran-Ferguson Act, which held that continued state regulation and taxation of insurance was in the public interest. The act also held that the federal antitrust laws would not apply to insurance to the extent that the business was adequately regulated by state law. (See V.S. Department of Justice 1977
Financial management of life insurance companies by J. David Cummins( Book )

14 editions published in 1993 in English and held by 217 WorldCat member libraries worldwide

The theme of this book is the management of life insurers using techniques drawn from the field of finance. The importance of financial management has increased greatly in recent years, paralleling the growth in competition within the financial services industry. This competitive environment reflects an increasing financial sophistication among insurance consumers, as well as the blurring of the lines that traditionally separated different types of financial institutions. To succeed in today's business environment, insurers must use financial techniques such as asset--liability management, financial hedging, futures, and options. They must also be increasingly precise in measuring the tradeoffs between risk and return in both their asset and product portfolios
Changes in the life insurance industry : efficiency, technology, and risk management by J. David Cummins( Book )

13 editions published between 1998 and 2002 in English and held by 215 WorldCat member libraries worldwide

This text analyzes the determinants of firm performance in the life insurance industry by identifying the "best practices" employed by leading insurers to succeed in this dynamic business environment
Managing the insolvency risk of insurance companies : proceedings of the Second International Conference on Insurance Solvency by J. David Cummins( Book )

18 editions published in 1991 in English and held by 185 WorldCat member libraries worldwide

Two different applications have been considered, automobile claims from Massachusetts and health expenses from the Netherlands. We have fit 11 different distributions to these data. The distributions are conveniently nested within a single four parameter distribution, the generalized beta of the second type. This relationship facilitates analysis and comparisons. In both cases the GB2 provided the best fit and the Burr 3 is the best three parameter model. In the case of automobile claims, the flexibility of the GB2 provides a statistically siE;nificant improvement in fit over all other models. In the case of Dutch health expenses the improvement of the GB2 relative to several alternatives was not statistically significant. * The author appreciates the research assistance of Mark Bean, Young Yong Kim and Steve White. The data used were provided by Richard Derrig of The Massachusetts Automobile Rating and Accident Prevention Bureau and by Bob Van der Laan and The Silver Cross Foundation for the medical insurance claim data. 2~ REFERENCES Arnold, B. C. 1983. Pareto Distributions. Bartonsville: International Cooperative Publishing House. Cummins, J. D. and L. R. Freifelder. 1978. A comparative analysis of alternative maximum probable yearly aggregate loss estimators. Journal of Risk and Insurance 45:27-52. *Cummins, J. D., G. Dionne, and L. Maistre. 1987. Application of the GB2 family of distributions in collective risk theory. University of Pennsylvania: Mimeographed manuscript. Hogg, R. V. and S. A. Klugman. 1983. On the estimation of long tailed skewed distributions with actuarial applications
Financial models of insurance solvency( Book )

10 editions published in 1989 in English and held by 152 WorldCat member libraries worldwide

Development of life insurance surrender values in the United States by J. David Cummins( Book )

5 editions published in 1973 in English and held by 94 WorldCat member libraries worldwide

Consumer attitudes toward auto and homeowners insurance( Book )

2 editions published in 1974 in English and held by 94 WorldCat member libraries worldwide

The impact of consumer services on independent insurance agency performance by J. David Cummins( Book )

4 editions published in 1977 in English and German and held by 62 WorldCat member libraries worldwide

Financial Models of Insurance Solvency by J. David Cummins( )

3 editions published in 1989 in English and held by 54 WorldCat member libraries worldwide

The First International Conference on Insurance Solvency was held at the Wharton School, University of Pennsylvania from June 18th through June 20th, 1986. The conference was the inaugural event for Wharton's Center for Research on Risk and Insurance. In atten dance were thirty-nine representatives from Australia, Canada, France, Germany, Israel, the United Kingdom, and the United States. The papers presented at the Conference are published in two volumes, this book and a companion volume, Classical Insurance Solvency Theory, J.D. Cummins and R.A. Derrig, eds. (Norwell, MA: Kluwer Academic Publishers, 1988). The first volume presented two papers reflecting important advances in actuarial solvency theory. The current volume goes beyond the actuarial approach to encom pass papers applying the insights and techniques of financial economics. The papers fall into two groups. The first group con sists of papers that adopt an essentially actuarial or statistical ap proach to solvency modelling. These papers represent methodology advances over prior efforts at operational modelling of insurance companies. The emphasis is on cash flow analysis and many of the models incorporate investment income, inflation, taxation, and other economic variables. The papers in second group bring financial economics to bear on various aspects of solvency analysis. These papers discuss insurance applications of asset pricing models, capital structure theory, and the economic theory of agency
An empirical analysis on the economic impact of federal terrorism reinsurance by Jeffrey R Brown( )

5 editions published in 2004 in English and held by 51 WorldCat member libraries worldwide

This paper examines the role of the federal government in the market for terrorism reinsurance. We investigate the stock price response of affected industries to a sequence of thirteen events culminating in the enactment of the Terrorism Risk Insurance Act (TRIA) of 2002. In the industries most likely to be affected by TRIA banking, construction, insurance, real estate investment trusts, transportation, and public utilities the stock price effect was primarily negative. The Act was at best value-neutral for property-casualty insurers because it eliminated the option not to offer terrorism insurance. The negative response of the other industries may be attributable to the Act's impeding more efficient private market solutions, failing to address nuclear, chemical, and biological hazards, and reducing market expectations of federal assistance following future terrorist attacks
Cycles and crises in property/casualty insurance : causes and implications for public policy by J. David Cummins( Book )

2 editions published in 1991 in English and held by 41 WorldCat member libraries worldwide

Essays on Organizational Form and Efficiency in the Takaful Insurance Industry by Khalid Said Humaid Al-Amri( )

1 edition published in 2013 in English and held by 23 WorldCat member libraries worldwide

Temple University--Theses
Corporate hedging in the insurance industry : the use of financial derivatives by U.S. insurers by J. David Cummins( Book )

5 editions published in 1996 in English and held by 22 WorldCat member libraries worldwide

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Deregulating property-liability insurance : restoring competition and increasing market efficiency
Catastrophe risk financing in developing countries : principles for public interventionHandbook of international insurance : between global dynamics and local contingenciesRisk classification in life insuranceStrategic planning and modeling in property-liability insuranceClassical insurance solvency theoryFinancial management of life insurance companiesChanges in the life insurance industry : efficiency, technology, and risk managementManaging the insolvency risk of insurance companies : proceedings of the Second International Conference on Insurance SolvencyFinancial models of insurance solvency
Alternative Names
Cummins, J. David 1946-

J. David Cummins American business economist

J. David Cummins econoom

J. David Cummins Wirtschaftswissenschaftler

English (210)

German (2)