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Systematic mortality risk, i.e. the risk of unexpected changes in mortality and survival rates, can substantially … impact a life insurers' risk and solvency situation. By using the “natural hedge” between life insurance and annuities …, insurance companies have an effective tool for reducing their net-exposure. The aim of this paper is to analyze this risk …
Persistent link: https://www.econbiz.de/10013101720
energy mix for 2020. The aim of this paper is to comprehensively present current risks and risk management solutions of … renewable energy projects and to identify critical gaps in risk transfer, thereby differentiating between onshore and offshore … for risk management and it is used in various dimensions, which also results from a lack of alternative coverage …
Persistent link: https://www.econbiz.de/10013040601
Inflation risk is of high relevance in non-life insurers' long-tail business and can have a major impact on claims … inflation risk and its impact on reserving. Toward this end, we use stepwise multiple regression analysis to identify relevant …
Persistent link: https://www.econbiz.de/10013031587
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Persistent link: https://www.econbiz.de/10009675304
The aim of this paper is to examine the impact of capital and risk transfer instruments on diversification and … insolvency risk in a parent-subsidiary relationship. To better assess the effects, we compare this setting to the case of a …-pricing theory; the diversification benefit on the solvency capital is calculated based on the tail value at risk approach …
Persistent link: https://www.econbiz.de/10005861407
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 group’s legal entities in order to achieve a more comprehensivepicture of a financial group’s risk situation …
Persistent link: https://www.econbiz.de/10005861509
be very valuable and can thus represent a sig-nificant risk to the insurance companies issuing these contracts in case of … in-sufficient risk management. Options can get especially risky through the inter-action with other options included in … policyholders’ exercise behavior. The risk potential of the interaction of implicit options is ex-hibited with numerical examples by …
Persistent link: https://www.econbiz.de/10005861539