type="main" xml:lang="en" <title type="main">Abstract</title> <p>The financial crisis and subsequent recession generated sizable operating losses for life insurance companies, yet the consequences were far less significant than for other financial intermediaries. The ability to quickly generate new capital through external...</p>

This paper investigates optimal asset management strategies for property and casualty insurance companies in illiquid markets. Using a cash-flow based liquidation model of an insurance company, we consider the effects of permanent and temporary price impact as well as commonality in price...

We develop a test for the fuzziness of regression coefficients based on the Tanaka et al. (1982) and He et al. (2007) possibilistic fuzzy regression models. We interpret the spread of the regression coefficients as a statistic measuring the fuzziness of the relationship between the...

In this article, we examine liquidation strategies and asset allocation decisions for property and casualty insurance companies for different insurance product lines. We propose a cash-flow-based liquidation model of an insurance company and analyze selling strategies for a portfolio with liquid...

The financial crisis of 2008 generated sizeable losses in the financial sector around the world. Because regulators are used for predicting insurers’ financial strength in order to detect financially distressed firms as early as possible, we question how reliably regulators can forecast...