Showing 1 - 10 of 13
Persistent link: https://www.econbiz.de/10012008825
Modern regulatory capital standards, such as the Solvency II standard formula, employ a correlation based approach for risk aggregation. The so-called "square-root formula" uses correlation parameters between, for example, market risk, non-life insurance risk and default risk to determine the...
Persistent link: https://www.econbiz.de/10011993595
Persistent link: https://www.econbiz.de/10011665524
Persistent link: https://www.econbiz.de/10013400104
The Solvency II standard formula employs an approximate value-at-risk approach to define risk-based capital requirements. This paper investigates how the standard formula’s stock risk calibration influences the equity position and investment strategy of a shareholder-value-maximising insurer...
Persistent link: https://www.econbiz.de/10011166270
Persistent link: https://www.econbiz.de/10012273083
Persistent link: https://www.econbiz.de/10011151204
Persistent link: https://www.econbiz.de/10011660160
Persistent link: https://www.econbiz.de/10011946212
Does using prescription drugs off-label increase disability and medical expenditure? This paper uses a unique dataset to evaluate off-label vs. on-label drug use in the US non-institutionalized population. Patients using drugs off-label have on average $515 higher medical expenditure and...
Persistent link: https://www.econbiz.de/10013388796