There are several factors that contribute to the success of a society. Economic and demographic developments are known as important drivers, while the role of parental employment as a key component is sometimes overlooked. This paper focuses on the effects of childcare availability on female and...

Solvency is a key issue in the insurance sector. Investments can have significant risks, and a compelling research question is whether the solvency optimizing investment risk corresponds to the lowest possible risk level. This question is even more topical with some interest rates approaching...

This paper presents a model in which the effects of insurance risk on external (market) risk and internal (capital allocation related) risk can be compared. The model highlights that the composition of the insurance portfolio within an insurance group may not only affect internal capital...

The consecutive financial crises have made the analysis of the systemic risks of financial institutions increasingly important worldwide. The researches so far have been primarily focusing on the banking sector, but insurance companies have also been given an increasing attention. Based on past...

Az egymást követő pénzügyi válságok világszerte egyre fontosabbá tették a pénzügyi intézmények rendszerkockázatának elemzését. Az eddigi kutatások főleg a bankszektorra koncentráltak, de többek között a biztosítók is növekvő figyelmet kapnak. A korábbi szakirodalom...

Factor analysis is often applied in empirical data analysis to explore data structures. Due to its theoretical construction, factor analysis is suitable for the study of linear relationships, and adequacy of a factor analysis solution is often assessed with linear correlation related measures....

Present low interest rates environment brings about numerous economic effects. Insurance companies are also strongly affected, since traditional insurance products often provide guaranteed returns to policyholders. As guaranteed returns are related to market interest rates, the question about...

Linear factor structures often exist in empirical data, and they can be mapped by factor analysis. It is, however, not straightforward how to measure the goodness of a factor analysis solution since its results should correspond to various requirements. Instead of a unique indicator, several...