A new method of forecasting the pricing kernel, i.e., stochastic claim inflation or link ratio function, of incurred but not reported (IBNR) claims (in property casualty insurance) from residuals in a dynamic claims forecast model is presented. We employ a pseudo Kalman filter approach by using...

For several years obligatory third party liability insurance are getting more and more popular in Poland. Polish legislator obliged many professional groups to have such insurance. Author want to answer the question: if this situation is a necessity or an example of incorrect legislator’s...

How to deal with the risks associated with nuclear energy is a major policy issue. This paper investigates the effect of an individual's distance from nuclear power plants on its willingness to pay for increased insurance coverage against nuclear accidents (MWPC) as well as on willingness to pay...

В статье выделены основные проблемы и специфические черты страхования гражданской ответственности источников повышен-ной опасности. Выявлены основные...

An analysis of the trends on the developed markets in the area of liability insurance leads to the conclusion that the main factors causing an increase in the value of benefits paid include: lost income and long-term care costs. In the Polish system, these costs are a component of benefits paid...

This technical note discusses key findings of the assessment of Insurance Core Principles (ICP) for the reinsurance industry for Switzerland. It reveals that the Swiss reinsurance market is dominated by three large players with a strong international presence. The reinsurance industry comprises...

This paper presents assessment results for the current state of the implementation of the Basel Core Principles for Effective Banking Supervision (BCP) in Spain. It found that significant changes have occurred in Spain since the last Financial Sector Assessment Program. The most serious has been...

The staff report highlights that the insurance sector in Sweden is well developed and mature. The captive insurance segment is mainly driven by tax advantages. This assessment provides an update on the significant regulatory and supervisory developments in the insurance sector of Sweden since...

The insurance industry in Australia has weathered the global financial crisis well and was resilient to the catastrophic events in 2010/11. The insurance industry is mature but relatively small compared to the banking sector. Assets held by insurers represented only about 8 percent of the...

This paper discusses key findings of the Detailed Assessment of Observance of Insurance Core Principles for France. The assessment reveals that insurance regulation and supervision are still predominantly carried out using a Solvency I approach. The insurance sector remained resilient through...