obligations to policyholders and beneficiaries. The solvency capital requirement is a risk management tool essential for … level of risk. Our starting point is to use a hierarchical risk aggregation method which was initially based on two … reinsurance in reducing the insurance company's business risk and its effect on diversification. The results show that reinsurance …

, such as the European Banking Authority (EBA), have acknowledged that ESG factors can contribute to risk. Therefore, it is … that risk can also depend on and be directly associated with a specific ESG rating class. Empirical findings on real …

variables to aggregate catastrophe risk. The algorithms are based on direct and hierarchical copula trees. Computing speed comes … of the total risk. We test the performance of the presented models by accumulating ground-up loss for 29,000 risks …

CoVaR is a systemic risk measure proposed by Adrian and Brunnermeier (2011) able to measure a financial institution …’s contribution to systemic risk and its contribution to the risk of other financial institutions. CoVaR stands for conditional Value-at-Risk …, i.e. it indicates the Value at Risk for a financial institution that is conditional on a certain scenario. In this paper …