Simon Grima

Simon Grima
University of Malta · Department of Insurance

B.Com (Hons), MSc (Lond), MSc (BCU), PhD (Melit.)

About

176
Publications
95,315
Reads
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Citations
Introduction
Simon Grima Ph.D (Melit.), MSc (Lond), MSc (BCU), B.Com(Hons) (Melit.), FFA, FAIA (Acad), is the Head of the Insurance dept, in charge of degrees in Insurance and Risk Management and an Associate Professor at the University of Malta. He served as the President of the Malta Association of Risk Management and the Malta Association of Compliance Officers between 2016 and 2018. He has over 30 years of experience varied between Financial Services, Public Entities and IT.
Additional affiliations
March 2015 - June 2020
University of Malta
Position
  • Head of Department
Description
  • Study Units Corporate Finance Risk Management Banking Governance and Regulations Financial Management
January 2000 - May 2015
University of Malta
Position
  • Lecturer
Education
September 2005 - September 2011
University of Malta
Field of study
  • Internal Controls when using Derivatives
September 2003 - June 2005
Birmingham City University
Field of study
  • Audit Management and Consultancy
October 1998 - September 2001
University of London
Field of study
  • Financial Management

Publications

Publications (176)
Article
Purpose – The purpose of this paper is to investigate factors that safeguard or hinder the proper use of derivatives, with evidence from active users and controllers of derivatives. Design/methodology/approach – An online panel of 420 users and controllers of derivatives responded to a self‐report questionnaire that was purposely designed for the...
Research Proposal
Full-text available
This book will delve into both physical and logical impacts (Direct and Indirect) in the Insurance Industry. New tech such as big data, Artificial intelligence, and machine learning in the growth of sustainable economics with FDIs, trustworthiness and ethics will be discussed. The related use cases of data science for claim processing, fraud detect...
Research Proposal
Full-text available
This book is a unique guide to the disruptions, innovations and opportunities that technology provides the insurance sector and acts as an academic-industry-specific guide for creating operational effectiveness, managing risk, improving financials, and retaining customers. The discussion examines implementation, interpretation, and application to s...
Article
Purpose This paper aims to determine how forensic accounting contributes to fraud detection and prevention and answer the following research questions: What are the standard techniques for fraud detection and prevention; and What are the significant challenges that hinder the application of forensic accounting in fraud prevention and detection? De...
Poster
Full-text available
Submission (of approx. 500 words): Abstract Acceptance: Full Chapter Submission: Chapter Acceptance: Final chapter Submission (in Word): Submission to Publisher: The book will be published under the Wiley-Scrivener imprint and will be indexed by Scopus and offered to Web of Science. How to Submit Your Chapter: Send your 200-500-word abstract by the...
Research Proposal
Full-text available
Scope of the Book: This volume entitled "Sustainable Training Using Digital Analytics” aims to contribute to the global discussion on digital technologies as the means to foster sustainable educational innovations for improving the teaching, learning and assessment from K-12 to Higher Education. Editors of the book Dr.Kiran Sood (Chitkara Universi...
Article
Full-text available
This paper aims to explore the effect of inequality and how income inequality affects economic growth. Policymakers need to understand how income inequality affects Gross Domestic Product (GDP) and to determine if there are other effects, since this may affect the sustainability of a country. We used secondary data provided from reports of the cent...
Article
Full-text available
Technology is emerging as an as an important banking mode for customers, and although almost all the banks in India are offering Internet Banking, India faces problems related to the digital divide, e-frauds, and high rates of interest, amongst other things. This is causing concern in banks, which are trying to persuade people to adopt their online...
Article
Full-text available
Purpose: (i) to ascertain and analyze the funding of the Central Cooperative Fund (CCF); (ii) to assess whether the CCF has achieved its intended role of utilizing its funds optimally and why, or why not, this is so, and (iii) to evaluate and recommend ways on how the role of the CCF may be improved. Methodology: The study made use of a mixed-metho...
Article
Full-text available
Motivated by the unprecedented high levels of recent economic policy uncertainty, the current study examines the influence of economic policy uncertainty, institutional quality, and corruption level on the Indian banking stability and the growth of digital financial services. Using the Baker et al.’s economic policy uncertainty index and nonlinear...
Chapter
The risk management system and the risk culture pertain to the organisation of the insurance undertaking and face the risk, which is a multifaceted concept challenging such an organisation. This chapter analyses the perimeter of the risk management system to identify the risks that fall within this system and the persons who, within the insurance u...
Article
Full-text available
The widespread use of digital technologies and the current pandemic (COVID) have fueled the need and call for digital transformation in the banking sector. Although this has various benefits, it is a disruption to the norm to which a bank customer has to become accustomed. This variance means that customers would have to make some changes to their...
Article
Full-text available
Technology is sometimes seen as a disruption that although provides opportunities for growth and development, also provides opportunities for deception, theft, and fraud. On the other hand, automation can make it easier to identify and protect from threats. Hence, a proposal was made by the European Commission to enact a digital operations resilien...
Article
Full-text available
Purpose: To statistically validate the PREM (Pandemic Risk Exposure Measurement) model devised in a previous paper by the authors and determine the model's relationship with the level of current COVID-19 cases (NLCC) and the level of current deaths related to COVID-19 (NLCD) based on the real country data. Methods: We used perceived variables pr...
Article
Full-text available
With this study, we aim to determine the effect of the Covid-19 pandemic on the return volatility of the DJI, the DAX, the FTSE100 and the CAC40 stock indexes. We take return volatility between 1st January 2019 and 17th July 2020 and split it into two separate periods - before the Covid-19 pandemic outbreak and the first wave of the ‘In-Pandemic’ p...
Chapter
The objective of this chapter is to uncover the factors that drive effective corporate governance in licensed financial services firms (FSFs) in seven small states of the European Union so as to explain what drives board behaviour. For the purpose of this study, small states are defined as those with a population of three about three million or les...
Chapter
Full-text available
An ERM maturity assessment would support the development of an ERM process which will help Airports improve their capabilities to anticipate, manage and possibly turn risks into opportunities. The purpose of this study is to investigate and identify the best practices that represent ERM maturity in the business context of a European airport and to...
Article
Full-text available
Due to the rise in the demand for information communication technologies (ICT), the need for operational risk resilience within the European insurance market sector has grown exponentially. This study aims to use the case of blockchain to evaluate whether the five characteristics determined from the literature to be required for effective digital r...
Article
Purpose The purpose of this paper is to determine and lay out the variables that influence countries to carry out regulatory modernisation of the regulation of the principle of good faith in insurance so as to ensure standardisation of its application and to reduce regulatory asymmetries and uncertainties in the handling of this requirement, given...
Article
Full-text available
The purpose of this article is to show the effect of Risk Perception RP and Risk Definition RD on the Risk-Addressing Behaviour RB. To carry out this study secondary data was used from a semi-structured survey administered between February and June 2020, a period during the early stages of the COVID-19 pandemic. The study identified six dimensions...
Chapter
Risk is a multifaceted concept, and its identification requires complex approaches that are often misunderstood. The consequence is that decisions are based on limited perception rather than the full value and meaning of what risk is, as a result, the way it is being tackled is incorrect. The individuals are often limited in their perceptions and i...
Book
Full-text available
New Challenges for Future Sustainability and Wellbeing is a collection of studies about sustainability and related challenges, such as income, wealth, the environment, education and regional equality that influence the pace of economic development and affects the well-being of people and organisations all over the world.
Article
Full-text available
With this study, we aimed to determine (1) the effect of the daily new cases and deaths due to the COVID-19 pandemic in the United States on the CBOE volatility index (VIX index) and (2) the effect of the VIX index on the major stock markets during the early stage of the pandemic period. To do this, we collected and analysed the daily new cases and...
Chapter
The objective of this chapter is to lay out the rules on transparency in insurance regulation in Malta. The study was designed around a literature review of documents provided by various legal firms, the Malta Financial Services Authority (MFSA), the Financial Intelligence Analysis Unit (FIAU), the Information and Data Protection Commissioner, the...
Article
Full-text available
The aim of this paper is to identify the risks that need to be addressed when holding fine art, determine which are perceived as being the most important, and whether the risk perception is influenced by demographic variables such as age, educational background, and field of occupation. To identify the risks and evaluate the risk perception, we use...
Cover Page
Full-text available
Article
Full-text available
We are seeing a daily increase in online learning platforms and choices of learning applications are on the increase. Parents are gearing up to exercise these choices to ensure that their children receive a lifelong quality education. However, parents are still somewhat hesitant about the adoption of these online learning applications for their chi...
Article
Purpose: The objectives of this study are (i) to assess the significance as well as implications of the major readily detectable (age, nationality, gender and tenure) and underlying aspects (legal, human resources, accounting and finance and industry-specific competencies) of diversity on the corporate governance (CG) of Maltese Equity-Listed Compa...
Article
The industrial revolution 4.0 facilitates people to access all information with smartphones connected to the internet. This is an opportunity for the Islamic finance industry to innovate digitally. There are various sharia financial apps technology that has been registered to OJK, but there should be necessary to adjusted application features with...
Article
The objectives of this paper are to investigate the relevance of guidelines on good corporate governance (CG) to family public interest companies (PICs) within the small state of Malta and to recommend how existing guidelines may be improved and tailored for such companies. An explanatory mixed-methods empirical approach is adopted with a structure...
Article
Full-text available
Purpose: The purpose of this study is to develop a Pandemic Risk Exposure Measurement (PREM) model to determine the factors that affect a country's prospective vulnerability to a pandemic risk exposure also considering the current COVID-19 pandemic. Methods: To develop the model, drew up an inventory of possible factor variables that might expos...
Article
Full-text available
A decade ago, the financial world was taken by surprise, when prominent credit institutions filed for bankruptcy. The financial crisis phenomena spurred the need for regulating Securitisation and enhancing the capital requirements framework. In response, the Basel Committee initiated the regulatory treatment for the Simple Transparent and Comparabl...
Chapter
The Baltic life insurance market is a young steadily growing market. It began its development in the early 1990s when all three Baltic States, specifically Estonia, Latvia and Lithuania, have regained their independence. The Baltic life insurance market is limited due to a relatively small size with approximately six million inhabitants in all thre...
Book
This book examines the challenges for the life insurance sector in Europe arising from new technologies, socio-cultural and demographic trends, and the financial crisis. It presents theoretical and applied research in all areas related to life insurance products and markets, and explores future determinants of the insurance industry’s development b...
Chapter
Turkey, with a population of 82 million, and despite being the world’s 18th largest economy is a country wherein insurance claims have not yet reached a sufficient level. In addition to local socio-economic problems stemming from international relations, this adversely affects the stability of the markets. The resulting problems also have a signifi...
Chapter
Full-text available
Purpose: This research study addresses the key issues of the fiscal policies and tax system in Kosovo to align with the contemporary tax principles and requirements of the European Standards. Design/methodology/approach: In order to explain the fiscal policies and tax system in Kosovo, the authors provide an overview of the fiscal policies and tax...
Article
Full-text available
In this study, we explore the emerging derisking phenomenon by identifying and analysing the main factors that are affected by, and the implications of, the derisking process by focusing on the key drivers and implications of derisking specific to Malta. To do this, we carried out 32 interviews with individuals who have a good or excellent level of...
Technical Report
Full-text available
This study provides an overview of the current state and the developments in the Latvian FinTech environment. This is also the first attempt of the research team at the Faculty of Business, Management and Economics of the University of Latvia to explore the Latvian FinTech landscape and increase the visibility of Latvian FinTechs and is part of a l...
Chapter
Full-text available
Introduction: Stability of commercial banks is on the back stone of a country’s economy and its development, making bank stability one of the main concerns of financial regulators. The bank stability models for large and small economies differ significantly. Purpose: In this chapter we examine the determinants of bank stability in a small post-tran...
Article
Full-text available
The preparedness for outbreaks of pandemics such as the COVID-19 is a major concern for health authorities and leaders as extensive studies in the past have been reported and well documented. However, engaging with the response to an outbreak demands many decisions with enormous implications on a population and its regions. A review of past respons...
Article
Full-text available
Corporate Governance Transparency in Small Listed Entities: The Case of Malta by Peter J. Baldacchino, Nirvana Duca, Norbert Tabone, Simon Grima Purpose: The objectives of this study are to examine whether a lack of transparency is a common corporate governance feature of listed entities (“MLEs”) in the small European state of Malta and, if so...
Article
The insurance industry plays a key role in any modern economy. Blockchain technology promises to completely revolutionise the industry, with several bold claims made in terms of facilitating and speeding up claims settlements and improving fraud management. In this paper, we examine the factors that may influence the extent of blockchain proliferat...
Article
Full-text available
Financial literacy is a path to sustainability and has an important role in ensuring the financial sustainability of individuals, families, enterprises and national economies. The level of these economic indicators such as debt, payment discipline, savings and financial management all translate into prosperity or insolvency and bankruptcy and resul...
Chapter
Currently, amplified use of the ITC-technologies and digitalization in almost all industries has changed the value and significance of the information. The use of these new technologies offer tremendous opportunities for innovation and development, but at the same time ask for regulation and control policies to ensure appropriate storage and use of...
Article
Full-text available
Purpose: The objectives of this paper are to analyse both individual and overall performance evaluations of the Board of Directors as carried out by Maltese Listed Companies (MLCs) and to assess the importance of such board evaluations to small shareholders. Design/Approach/Methodology: The study was designed around semi-structured interviews with...
Article
Full-text available
Purpose: The objectives of this study were to analyse certain aspects of the Board composition of Maltese listed companies (MLCs), namely Board size, independence, expertise, gender diversity and the chairperson/CEO links, and how these may be improved. Design/Approach/Methodology: The study was designed around a qualitative approach of data collec...
Article
Full-text available
The preparedness for outbreaks of pandemics such as the COVID-19 is a major concern for health authorities and leaders as extensive studies in the past have been reported and well documented. However, engaging with the response to an outbreak demands many decisions with enormous implications on a population and its regions. A review of past respons...
Article
Full-text available
The purpose of the study is to measure the effects of changes in exchange rates and interest rates on inflation and to determine which of the exchange rates or interest rates has a greater impact on inflation rate following the July 15, 2016 coup attempt in Turkey. Our expectation is that similar to most authors is to find that there is a long-term...
Preprint
Full-text available
Financial literacy is a path to sustainability and has an important role in ensuring the financial sustainability of individuals, families, enterprises and national economies. The level of these economic indicators such as debt, payment discipline, savings and financial management all translate into prosperity or insolvency and bankruptcy and resul...
Article
Full-text available
Purpose: Futures markets are mainly used as a tool for price discovery and for risk management on the spot markets and to enable diversification for international portfolio investments. With this study we aim (1) to investigate and confirm the causality relationship between futures markets and the spot markets and (2) to examine and confirm the cau...