Similar Search Results

Is there Market Discipline in the European Insurance Industry? An Analysis of the German Insurance Market

Eling, Martin; Schmit, Joan T. - Institut für Versicherungswirtschaft <Sankt Gallen> - 2008

(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

The United States RBC Standards, Solvency II, and the Swiss Solvency Test : A Comparative Assessment

Holzmüller, Ines - Institut für Versicherungswirtschaft <Sankt Gallen> - 2008

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

An Overview and Comparison of Risk-Based Capital Standards

Eling, Martin; Holzmüller, Ines - Institut für Versicherungswirtschaft <Sankt Gallen> - 2008

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 Swiss Solvency Test and its Market Implications

Eling, Martin; Gatzert, Nadine; Schmeiser, Hato - Institut für Versicherungswirtschaft <Sankt Gallen> - 2008

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

The Impact of Solvency II on Insurance Market Competition - An Economic Assessment

Schuckmann, Stefan - Institut für Versicherungswirtschaft <Sankt Gallen> - 2007

finds that the impact of a minimum solvency capital on insurance market competition needs further examination. Furthermore …, the economic justification for insurance market regulation needs to be evaluated in detail. …

Persistent link: https://www.econbiz.de/10005861472

Der Swiss Solvency Test : Ein Vorbild für Solvency II?

Eling, Martin - Institut für Versicherungswirtschaft <Sankt Gallen> - 2007

In diesem Beitrag wird mit dem Swiss Solvency Test (SST) ein mögliches Referenzmodellfür die Ausgestaltung von Solvency II vorgestellt. Der SST wurde vomschweizerischen Bundesamt für Privatversicherungen entwickelt und zu Beginn desJahres 2006 für grosse Lebens- und Schadenversicherer...

Persistent link: https://www.econbiz.de/10005861505

Enterprise Risk Management in Financial Groups : Analysis of Risk Concentration and Default Risk

Gatzert, Nadine; Schmeiser, Hato; Schuckmann, Stefan - Institut für Versicherungswirtschaft <Sankt Gallen> - 2007

In financial groups enterprise risk management is becoming increasingly importantin controlling and managing the different independent legal entities in thegroup. The aim of this paper is to assess and relate risk concentration and joint defaultprobabilities of the groups legal entities in...

Persistent link: https://www.econbiz.de/10005861509

Das Shareholder-Value-Prinzip im Spannungsfeld von Theorie und Praxis

Schmeiser, Hato - Institut für Versicherungswirtschaft <Sankt Gallen> - 2006

Die seit nunmehr 20 Jahren geführte gesellschaftspolitische Debatte zum Konzept desShareholder-Value ist vor allem auch durch eine unklare Belegung und Abgrenzung derverwendeten betriebswirtschaftlichen Begriffe gekennzeichnet. Im vorliegenden Beitragwird in einem ersten Schritt eine formale...

Persistent link: https://www.econbiz.de/10005861513

Assessing the Risk Potential of Premium Payment Options in Participating Life Insurance Contracts

Gatzert, Nadine; Schmeiser, Hato - Institut für Versicherungswirtschaft <Sankt Gallen> - 2006

Most life insurance contracts embed the right to stop premium payments during the termof the contract (paid-up option …

Persistent link: https://www.econbiz.de/10005861543

Understanding the Death Benefit Switch Option in Universal Life Policies

Gatzert, Nadine; Hoermann, Gudrun - Institut für Versicherungswirtschaft <Sankt Gallen> - 2008

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