-- 1.3. Struktur und Inhalt der Ausarbeitung -- I: Modelle zur Messung der Solvabilität -- 2. Begriffliche Grundlagen -- 3 …. Vergleichende Darstellung von Modellen zur Messung der Solvabilität -- II: Anforderungen an Stochastische Interne Modelle zur …

I implement the accounting-based risk measurement approach in equity valuation proposed by Nekrasov and Shroff (2009 … this risk measurement approach produce a significantly smaller valuation inaccuracy relative to the market-based approach … intrinsic value estimate based on the accounting approach. Additionally, the estimated risk can be transformed to obtain …

This paper studies the empirical effects of risk classification in the mandatory third-party motor insurance of Germany … following the European Union’s directive to de-regulate insurance tariffs of 1994. We find evidence that inefficient risk … categories had been selected while potentially efficient information was dismissed. Risk classification did generally not improve …