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Dynamic financial analysis (DFA) models an insurance company's cash flow in order to forecast assets, liabilities, and … tool for the analysis of an insurance company's financial situation. The following article considers three aspects: First …
Persistent link: https://www.econbiz.de/10012754452
As early as the 1970s, European Union (EU) member countries implemented rules to coordinate insurance markets and …
Persistent link: https://www.econbiz.de/10012754453
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 evaluation of efficiency measurement in the field of insurance. In the … technical and cost efficiency growth in international insurance markets from 2002 to 2006, with large differences across …
Persistent link: https://www.econbiz.de/10012711023
The aim of this paper is to study the influence of nonlinear dependencies on a nonlife insurer's risk and return profile. To achieve this, we integrate several copula models in a dynamic financial analysis (DFA) framework and conduct numerical tests within a simulation study. We also test...
Persistent link: https://www.econbiz.de/10012711467
Dynamic financial analysis (DFA) has become an important tool in analyzing the financial situation of insurance …
Persistent link: https://www.econbiz.de/10012711595
We estimate economies of scale and scope as well as cost efficiency to explain the structure of the global reinsurance market, where large reinsurers dominate, but both diversified and specialized reinsurers play important roles. The costs and benefits of size and product diversification play...
Persistent link: https://www.econbiz.de/10013000435
insurance and long-term care insurance. For a representative sample of individuals aged 50+ from 14 countries and controlling … for demographic and socioeconomic determinants of insurance demand, we find a positive link between willingness to take … financial risks and ownership of both long-term care insurance and life insurance. The link is stronger for whole life insurance …
Persistent link: https://www.econbiz.de/10014089300
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