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Persistent link: https://www.econbiz.de/10004165347
Vor dem Hintergrund eines Wandels der Rahmenbedingungen im Finanzdienstleistungssektorgewinnt die systematische, ganzheitliche Steuerung der Aktiva undPassiva eines Unternehmens eine besondere Bedeutung. Diesem Zweck dient dassogenannte Asset Liability Management.Wir beschreiben die jeweiligen...
Persistent link: https://www.econbiz.de/10005861564
Die Regelung und Praxis der Aufsicht der beruflichen Vorsorge in den untersuchten Ländernergeben kein einheitliches Bild. Trotzdem sind Trends festzustellen, die auch für dieSchweiz von Interesse sind. Einer dieser Trends ist eine Aufsichtsintegration, wonach dieLebensversicherer, Banken und...
Persistent link: https://www.econbiz.de/10009305243
focus on property/casualty insurance, as implemented in three regions of the world (the United States, the European Union …, and Switzerland). To integrate the dynamics of the insurance and capital markets and recent developments in regulation we …
Persistent link: https://www.econbiz.de/10005861350
difficulty inherent to this approach for proper risk assessment. Then, we describe the “insurance scoring” approach as used in … the U.S. insurance market, which leads us to suggest scoring techniques as a risk assessment method for the German … automobile insurance industry. Finally, we discuss the benefits and problems of scoring in the context of automobile insurance. …
Persistent link: https://www.econbiz.de/10005861402
insurance contracts on the surrender profits of primary insurers.Our model includes mortality heterogeneity by applying a …
Persistent link: https://www.econbiz.de/10005861403
insurance companies (Swiss Solvency Test), introduced in 2006. As the insurance industry is one of the largest institutional … changes in the asset and liability management of Swiss insurance companies. We investigate resulting effects on the Swiss …
Persistent link: https://www.econbiz.de/10005861404
We analyze the effect of enhanced annuities on an insurer engaging in individualunderwriting. We use a frailty model for the heterogeneity of the insured populationand model the individual underwriting by a random variable that positivelycorrelates with the corresponding frailty factor. For a...
Persistent link: https://www.econbiz.de/10005861406
typically done in most insurance markets––our singlemodel will reduce complexity and costs for insurers as well as for …
Persistent link: https://www.econbiz.de/10005861466
In recent years, industry loss warranties (ILWs) have become increasingly popular in the reinsurance market. The defining feature of ILW contracts is their dependence on an industry loss index. The use of an index reduces moral hazard and generally results in lower prices compared to...
Persistent link: https://www.econbiz.de/10005861474