The Geneva Association and the International Insurance Society (IIS) presented the Shin Research Excellence Awards to Olajumoke Olaosebikan and Yi (Kitty) Yao during the 48th Annual IIS Seminar in Rio de Janeiro, Brazil.

IIS says a record number of papers were submitted on this year’s subject, “Insurance Solutions for Developing Countries,” which is consistent with the overall theme of the 2012 IIS Seminar, “Insurance Frontiers: Innovation and Innovation in Emerging Markets.”

Olaosebikan, with the University of Bath’s School of Management, U.K., wrote a paper entitled “The Determinants of the Profitability of Micro-Life Insurers in Nigeria.” Yi, with the Actuarial Science, Risk Management and Insurance Department of University of Wisconsin’s School of Business in Madison, wrote a paper entitled “Development and Sustainability of Emerging Health Insurance Markets: Evidence from Microinsurance in Pakistan.”

IIS says the winning research is published in a special edition of The Geneva Papers on Risk and Insurance Issues and Practices, an insurance journal.

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