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(banking) and Solvency II (insurance). Even though these promulgations are focused on European institutions, their … influence. The research reported here is intended to provide input for measuring this strength in the German insurance market … has only limited effect to date in the German insurance market. We therefore conclude that for regulators to utilize …
Persistent link: https://www.econbiz.de/10005861349
This paper analyzes price competition in the German motor insurance market since 1994 and looks for evidence to back up … in 1996–1999, the second in 2005–2006. In a first step, we analyze development of the German motor insurance market and … found in the marketing literature to the German motor insurance market is checked. In a third step, a comparison to …
Persistent link: https://www.econbiz.de/10005861352
This article provides an overview and comparison of risk-based capital (RBC) requirements as they currently exist in the United States, the European Union, Switzerland, and New Zealand. These four systems are representative of different ways capital standards are implemented around the globe....
Persistent link: https://www.econbiz.de/10005861358
the insurance industry, a topic of great interest in the academic literature during the last several years. In the first … step, we review 87 studies and put them into a joint evalu-ation of efficiency measurement in the field of insurance. In … technical and cost efficiency growth in international insurance markets from 2002 to 2006, with large differences across …
Persistent link: https://www.econbiz.de/10005861366
insurance companies (Swiss Solvency Test), introduced in 2006. As the insurance industry is one of the largest institutional … changes in the asset and liability management of Swiss insurance companies. We investigate resulting effects on the Swiss …
Persistent link: https://www.econbiz.de/10005861404
typically done in most insurance markets––our singlemodel will reduce complexity and costs for insurers as well as for …
Persistent link: https://www.econbiz.de/10005861466
Die Dynamische Finanzanalyse (DFA) hat sich in den vergangenen Jahren zu einemwichtigen Instrument zur Analyse der Finanzlage eines Versicherungsunternehmens entwickelt.Trotz der zunehmenden Verbreitung der DFA in der Praxis und zahlreicher Abhandlungenin der wissenschaftlichen Literatur gibt es...
Persistent link: https://www.econbiz.de/10005861475
In diesem Beitrag wird mit dem Swiss Solvency Test (SST) ein mögliches Referenzmodellfür die Ausgestaltung von Solvency II vorgestellt. Der SST wurde vomschweizerischen Bundesamt für Privatversicherungen entwickelt und zu Beginn desJahres 2006 für grosse Lebens- und Schadenversicherer...
Persistent link: https://www.econbiz.de/10005861505
The aim of this paper is to study the influence of nonlinear dependencies on a nonlifeinsurers risk and return profile. To achieve this, we integrate several copulamodels in a dynamic financial analysis (DFA) framework and conduct numericaltests within a simulation study. We also test several...
Persistent link: https://www.econbiz.de/10005861510
Dynamic financial analysis (DFA) has become an important tool in analyzing thefinancial situation of insurance …
Persistent link: https://www.econbiz.de/10005861514