Schlütter, Sebastian; Fianu, Emmanuel Senyo; Gründl, … - In: Zeitschrift für die gesamte Versicherungswissenschaft 112 (2023) 1, pp. 53-81
insurance solvency regulation, such as Solvency II, we measure risk using the solvency ratio, i. e. the ratio of the insurer … of Markowitz's Portfolio Selection Theory by choosing the "solvency ratio" as a downside risk measure to obtain a … given solvency ratio, stock portfolios with a moderate ESG level can lead to a higher expected return than those with a low …