This paper reviews a number of recent surveys relevant to risk management by UK insurers. These include the results of four surveys specifically on UK insurers. Our findings suggest that the risk management practices of UK insurers are variable, generally behind best practices in adjacent sectors, and in some cases are a cause of concern. However, we also find that they have been improving sign…
This booklet for teachers is the second of the three books in the “Towards Excellence...” series. These books were first authored and published by me with generous financial help from the Director, St. Joseph Engineering College, Vamanjoor, Mangalore, India, and distributed for free to schools, Pre-University, Degree and Professional colleges in Mangalore Dioces area. The books were receive…
There has been an increasing amount of talk about “employee stress” over the past decade. Quite what it is and how best to combat it are two aspects which are rather less well-documented. This chapter will try to decide – in a non-medical way – what it may be, how it may be caused, what relevance it has to organisations and their business and how it can best be avoided or treated. Str…
The class of Lévy processes consists of all stochastic processes with stationary and independent increments; here ‘stationarity’ means that increments corresponding to a fixed time interval are identically distributed, whereas ‘independence’ refers to the property that increments corresponding to non-overlapping time intervals behave statistically independently. As such, Lévy proces…
This paper examines how developing countries can embark on a sustained path of strong investment, capital accumulation and economic growth without capital imports. It is argued that the key lies in the Keynesian-Schumpeterian credit-investment nexus: Given certain preconditions, the central bank can allow a credit expansion which finances new investment and creates the savings necessary to …
The personal computer (PC) has changed everything—for both better and worse—in the world of statistics. The PC can effortlessly produce precise cal- culations and eliminate the computational burden associated with statistics. One need only provide the right questions. With the minimal knowledge required to program (instruct) statistical software, which entails telling it where the input dat…
The clinician’s skills in integrating sources of information, contemplating the meanings of discrepant cues, formulating opinions, and persuading others to listen constitute the focus of this book. This process involves four steps: (1) identifying the problem, (2) selecting measurement instruments, (3) integrating sources of information about the problem, and (4) deriving and reporting conclu…
The Micro, Small and Medium-sized Enterprises (MSME) strategy focuses on the core elements of the Bank’s approach towards supporting the development of MSMEs in its countries of operation. Support for MSMEs is central to the Bank’s transition mandate, and the document sets out the underlying principles of EBRD’s activities in the sector going forward. The strategy further aims to out…