Regulating Big Data effects in the European insurance market

The risk of virus contracting during the COVID-19 pandemic has changed consumer preference for online shopping to meet their daily needs than shopping in brick-and-mortar stores. Online shopping presents a different environment, atmosphere, and experience. The possibility of ethical violations is higher during online than face-to-face transactions. Therefore, this study was conducted to investigate the influence of perceived health risk and customer perception of online retail ethics on consumer online shopping behavior during the COVID-19 pandemic, involving seven variables, namely perceived health risk, security, privacy, non-deception, reliability fulfillment, service recovery, and online shopping behavior. The data were collected through an online survey by employing the purposive sampling technique to a consumer who has shopped online during the COVID-19 pandemic in Indonesia. 315 valid responses were obtained and analyzed through quantitative method using SEM-Amos. The results showed that perceived health risk and four variables of online retail ethics including security, privacy, reliability fulfillment, and service recovery affected online shopping behavior. Meanwhile, non-deception was found to have an insignificant effect. The coefficient value proved perceived health risk to be more dominant in influencing online shopping behavior than the variables of online retail ethics. Thus, consumers pay more concern for their health during online shopping. However, positive consumer perceptions of the behavior of online retail websites in providing services also can encourage consumers to shop online during this pandemic.

Regardless of the nature, size, or business sector, organizations are now collecting burgeoning various volumes of data in different formats. As much as voluminous data are necessary for organizations to draw good insights needed for making informed decisions, traditional architectures and existing infrastructures are limited in delivering fast analytical processing needed for these Big Data. For success organizations need to apply technologies and methods that could empower them to cost effectively analyze these Big Data. However, many organizations in developing countries are constrained with limited access to technology, finances, infrastructure and skilled manpower. Yet, for productive use of these technologies and methods needed for Big Data analytics, both the organizations and their workforce need to be prepared. The major objective for this study was to investigate developing countries organizations’ readiness for Big Data analytics. Data for the study were collected from a public sector in South Africa and analyzed quantitatively. Results indicated that scalability, ICT infrastructure, top management support, organization size, financial resources, culture, employees’ e-skills, organization’s customers’ and vendors are significant factors for organizations’ readiness for Big Data analytics. Likewise strategies, security and competitive pressure were found not to be significant. This study contributes to the scanty literature of Big Data analytics by providing empirical evidence of the factors that need attention when organizations are preparing for Big Data analytics.

Financial imbalance is the reason of a macroeconomic instability. This study aims at identifying the institutional causes of financial markets imbalance. The authors consider that financial intermediaries in Ukraine work in a speculative market segment carrying out high-risk transactions with the purpose of earning a huge profit. In fact, in Ukraine the role of these institutions in the investment process financing is insignificant. The authors show that soundness of banks along with the ease of access to loans and a low level of confidence in national banking system are the main reasons of instability in financial market in Ukraine. Due to scarcity of financial capacity and refusal to carry out transactions in a high-risk market segments, insurance companies are unable to entirely perform functions of risk redistribution. Competitiveness of Ukrainian financial market remains low with a limited financial services nomenclature and it may be considered to be attractive for potential foreign investors.