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Medición del riesgo de renta variable mediante modelos internos en Solvencia II

Durán Sontomil, Pablo; Otero González, Luis A.; … - In: Investigaciones europeas de Dirección y Economía de … 18 (2012) 1, pp. 53-68

This work focuses on developing an internal model for equity risk under Solvency II. We have used monthly data for the series of Ibex 35, Cac 40, FTSE 100 and Dax in the period between January 1992 and December 2008. This work fits by maximum likelihood method the model of normal returns, based...

Persistent link: https://www.econbiz.de/10009958357

The use of capital market instruments in investment of European insurance companies

Wolski, Rafał - In: E-Finanse : finansowy kwartalnik internetowy 7 (2011) 4, pp. 92-99

The financial and the insurance markets are increasingly penetrating each other, accounting for the fact that insurers are more and more often seen as major institutional investors of capital markets. The capital market offers a range of new opportunities, although it is not devoid of faults,...

Persistent link: https://www.econbiz.de/10009959726

Preferences and the level of satisfaction from the provision of insurance services in activity of the LGUs on a municipal level in Podkarpackie voivodship

Skica, Tomasz; Rodzinka, Jacek - In: E-Finanse : finansowy kwartalnik internetowy 8 (2012) 3, pp. 76-84

The article is based on the results of author’s study survey conducted on a representative sample of municipalities of Podkarpackie voivodship. Based on the results of research, the article will present both the current state of insurance in local government units (LGUs) of the municipal...

Persistent link: https://www.econbiz.de/10010078126

Repositioning insurance industry for operational efficiency : the Nigerian case

Ujunwa, Augustine; Modebe, Nwanneka Judith - In: Journal of applied finance & banking 1 (2011) 3, pp. 15-32

This paper reviews the operational efficiency of the Nigeria insurance industry from a historical perspective. Our paper traced the origin of insurance in Nigeria to 1918, when marine insurance was dominant in the economy. The paper shows that despite the long history of insurance industry in...

Persistent link: https://www.econbiz.de/10010009090

On the systemic relevance of the insurance industry : is a macroprudential insurance regulation necessary?

Bach, Wolfgang; Nguyen, Tristan - In: Journal of applied finance & banking 2 (2012) 1, pp. 127-149

The paper examines whether there is an economic justification for a macroprudential approach to insurance regulation … based on the normative theory of regulation. First, the paper elaborates some basic foundations, such as the … characterisation of a macroprudential approach to financial regulation as well as an explanation of the functions the insurance …

Persistent link: https://www.econbiz.de/10010009108

Insurance and the corporate cost of capital

Wieczorek-Kosmala, Monika - In: E-Finanse : finansowy kwartalnik internetowy 8 (2012) 1, pp. 61-71

The purpose of the paper is to provide some support to the thesis that insurance may reduce the cost of capital in a company by influencing both the cost of capital components and the need for rising capital. The problem is here perceived from two perspectives the classical concept related to...

Persistent link: https://www.econbiz.de/10010009381

EU single financial market : porspects of changes

Mikita, Malgorzata - In: E-Finanse : finansowy kwartalnik internetowy 8 (2012) 1, pp. 53-60

Persistent link: https://www.econbiz.de/10010009382

Disclosure of medical information in health insurance

Rahkovsky, Ilya - In: Advances in management & applied economics 3 (2013) 1, pp. 183-205

Disclosure of private medical information allows insurance companies to better predict medical expenditures. The premiums the companies charge the insured employees reflect these expenditures. This paper studies incentives of employees to disclose their medical information. I find that healthier...

Persistent link: https://www.econbiz.de/10010097676

Estimación de reservas en una compañía aseguradora : una aplicación en Excel del método Chain-Ladder y Bootstrap

Álvarez-Jareño, José Antonio; Coll-Serrano, Vicente - In: Revista de métodos cuantitativos para la economía y … 14 (2012), pp. 124-136

Insurance companies have to estimate reserves and provisions to cover the payment of either unreported claims or unsettled claims. In this paper, we apply the Chain-Ladder method to obtain a point estimate of reserves, and then we use the bootstrap technique to estimate the margin of error and...

Persistent link: https://www.econbiz.de/10010118388

Credit risk analysis : reflections on the use of the logit model

Barual, Concepción; García, Fernando; Giménez, Vincente - In: Journal of applied finance & banking 2 (2012) 6, pp. 1-13

The present economic and financial crisis has underlined the importance to financial institutions and investors of having access to efficient methods of quantifying credit risk, or the probability of default. The logit models are among the techniques commonly used by large organizations and...

Persistent link: https://www.econbiz.de/10010118428