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Most insurers in the European Union determine their regulatory capital requirements based on the standard formula of Solvency II. However, there is evidence that the standard formula inaccurately reflects insurers’ risk situation and may provide misleading steering incentives. In the second...
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transmission of this information will not cause any concern. Such a form of insurance is based on the principle of mutuality …. Research limitations/implications: Mutuality-based insurance is therefore a path based on solutions of the past (primary forms … of insurance), but at the same time is seen as a response to the lack of adaptation of insurance products to the actual …
Persistent link: https://www.econbiz.de/10013489498
The paper describes a model that evaluates the solvency of a portfolio of assets and liabilities of an insurer subject to longevity risk and financial risks. Liabilities are evaluated at fair-value. Interest-rate risk can affect both assets and liabilities. Longevity risk is described via a...
Persistent link: https://www.econbiz.de/10013026606
Catastrophe insurance markets have changed beyond recognition since the sudden upturn in claims beginning in 1966 …. There is now a growing tendency for risk manager to bypass traditional insurance markets, and a variety of instruments …
Persistent link: https://www.econbiz.de/10013153250
We present a model for P/L insurance companies based on Asset-Liability-Management (ALM). We show analytically for …
Persistent link: https://www.econbiz.de/10013091567
residential property for applications in banking and insurance including pricing, risk management, and portfolio management. Risk …
Persistent link: https://www.econbiz.de/10013113505
Farmers may use financial market instruments to hedge price risks. Moreover, various types of insurance products are on … the market to protect against production losses. An insurance that covers losses of both input and output prices was … recently introduced in the USA. We develop this concept further by proposing a prototype of an index-based margin insurance …
Persistent link: https://www.econbiz.de/10011656707
Catastrophe (Cat) bonds are insurance securitization vehicles which are supposed to transfer catastrophe … the market for insurance securitization is easiest for firms with less risky portfolios. Second, firms that issue Cat …
Persistent link: https://www.econbiz.de/10013068268
management) may depend on their access to capital markets. The property-casualty insurance industry has two features that make it …
Persistent link: https://www.econbiz.de/10012614175