The measure Net Value Created (NVC) captures periodic deviations of planned for and realized net present values at a specific reporting date. Therefore, NVC provides control-related signals about the company's performance additional to economic value added/residual income measures. In this paper...

We present a model for P/L insurance companies based on Asset-Liability-Management (ALM). We show analytically for multivariate normal distributed assets and claims that an overall minimum of the required risk capital can be obtained by refining the firm's asset allocation when including a ruin...

Strategic planning in non-life insurance companies must consider differing demands from the company's various stakeholders. While investors and shareholders require growth in equity market value, rating agencies, costumers and the authorities focus on the company's solvency, that is, the amount...