Is it possible that the insurance and reinsurance industries cannot handle a major catastrophe? Ten years ago, the notion that the overall cost of a single catastrophic event might exceed $10 billion was unthinkable. With ever increasing property-casualty risks and unabated growth in...

1 On the Solvency of Insurers -- Foreword -- Problems and Definitions -- Risk Analysis, Straightforward and Statistical Analysis -- Public Solvency Control -- The Insurer’s Own Efforts -- Life Insurance -- 2 The Management of Solvency -- Definition -- Measurement -- Factors Affecting Solvency...

The Assessment of the Financial Strength of Insurance Companies by a Generalized Cash Flow Model -- Cash Flow Simulation Models for Premium and Surplus Analysis -- Some Aspects of Life Assurance Solvency -- The Solvency of a General Insurance Company in Terms of Emerging Costs -- Some General...

I Operational Models of Risk Assessment -- 1 An Analysis of Underwriting Cycles and their Effects on Insurance Solvency -- 2 A Management Model of a General Insurance Company Using Simulation Techniques -- 3 Classifying Financial Distress in the Life Insurance Industry -- 4 Variability of...