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insurance company has to value and manage longterm risks. Interest rate risk and longevity risk are the two most important risks …
Persistent link: https://www.econbiz.de/10005861476
As early as the 1970s, European Union (EU) member countries implemented rulesto coordinate insurance markets and …
Persistent link: https://www.econbiz.de/10005861545
Die aktuellen EU-Solvabilitätsvorschriften sind seit ihrer Einführung in den Jahren1973 (Nichtlebensversicherungen) und 1979 (Lebensversicherungsunternehmen)Gegenstand massiver Kritik.1 Ein zentraler Kritikpunkt resultiert aus derTatsache, dass sich die EU-Solvabilitätsregeln lediglich am...
Persistent link: https://www.econbiz.de/10005861554
Die Mindesteigenkapitalausstattung von Banken und Versicherungen unterliegteiner weitreichenden gesetzlichen Regulierung.1 Als Begründung für Eingriffedes Staates in die unternehmerische Freiheit wird im Versicherungsbereich häufigauf eine spezielle Gläubigerstellung des Versicherungsnehmers...
Persistent link: https://www.econbiz.de/10005861565
Universal life policies are the most popular insurance contract design in theUnited States. They have either a level …
Persistent link: https://www.econbiz.de/10005861348
(banking) and Solvency II (insurance). Even though these promulgations are focused on European institutions, their … influence. The research reported here is intended to provide input for measuring this strength in the German insurance market … has only limited effect to date in the German insurance market. We therefore conclude that for regulators to utilize …
Persistent link: https://www.econbiz.de/10005861349
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
This paper analyzes price competition in the German motor insurance market since 1994 and looks for evidence to back up … in 1996–1999, the second in 2005–2006. In a first step, we analyze development of the German motor insurance market and … found in the marketing literature to the German motor insurance market is checked. In a third step, a comparison to …
Persistent link: https://www.econbiz.de/10005861352
This article provides an overview and comparison of risk-based capital (RBC) requirements as they currently exist in the United States, the European Union, Switzerland, and New Zealand. These four systems are representative of different ways capital standards are implemented around the globe....
Persistent link: https://www.econbiz.de/10005861358
the insurance industry, a topic of great interest in the academic literature during the last several years. In the first … step, we review 87 studies and put them into a joint evalu-ation of efficiency measurement in the field of insurance. In … technical and cost efficiency growth in international insurance markets from 2002 to 2006, with large differences across …
Persistent link: https://www.econbiz.de/10005861366