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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 the confidence interval of the reserves. Since estimating reserves is a …
Persistent link: https://www.econbiz.de/10011307180
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Structural shift in global natural gas markets: Demand boom in Asia, supply shock in the US
Holz, Franziska; Richter, Philipp M.; von Hirschhausen, … - In: DIW Economic Bulletin 3 (2013) 11/12, pp. 13-20
The significance of natural gas is on the rise due to the restructuring and decarbonization of energy systems worldwide. Natural gas is widely available and flexible as it can be used in electricity generation, manufacturing, transport, and private households. Compared to other fossil fuels,...
Persistent link: https://www.econbiz.de/10010327601
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The European Natural Gas Market: Imports to Rise Considerably
Engerer, Hella; Horn, Manfred - In: Weekly Report 5 (2009) 18, pp. 122-129
considerably. To ensure according supplies is possible in the long run, as approximately 80% of the world's natural gas reserves …
Persistent link: https://www.econbiz.de/10011601271
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Internationalization of the Chinese Renminbi: An Opportunity for China
Stier, Olaf; Bernoth, Kerstin; Fisher, Alexander - In: Weekly Report 6 (2010) 17, pp. 126-132
China has taken first steps hinting at an internationalization of the Renminbi: The country has begun cautious action for opening up its capital account and allowed currency fluctuations within a certain limit between 2005 and 2008. Promoting Hong Kong as a test center for the Renminbi's...
Persistent link: https://www.econbiz.de/10011601306
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Die Internationalisierung des chinesischen Renminbi: eine Chance für China
Stier, Olaf; Bernoth, Kerstin; Fisher, Alexander - In: DIW Wochenbericht 77 (2010) 20, pp. 10-15
China hat erste Schritte unternommen, die auf eine Internationalisierung des Renminbi hindeuten. So hat das Land vorsichtige Maßnahmen zur Öffnung der Kapitalbilanz getroffen und 2005 Währungsschwankungen innerhalb einer engen Bandbreite zugelassen. Die Nutzung von Hongkong als Prüfstein...
Persistent link: https://www.econbiz.de/10011602172
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The Swiss Sovereign Money Initiative
Assenmacher, Katrin; Brand, Claus - In: Credit and Capital Markets – Kredit und Kapital 51 (2018) 4, pp. 621-644
On 10 June 2018, Switzerland voted against a constitutional amendment to introduce a system of sovereign money or Vollgeld. The proposal foresaw that all money be created by the central bank and that commercial banks be banned from creating demand deposits. Demand deposits would have been...
Persistent link: https://www.econbiz.de/10014524357
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Mechanisms of Protection from Interest Rate Risk with Reference to the Life Insurance Market in Montenegro
Burić, Milijana Novović; Kašćelan, Vladimir; … - In: Journal of Central Banking Theory and Practice 7 (2018) 1, pp. 17-42
Insurance companies are facing major challenges that point to the need for control process and risk management. Risk management in insurance has a direct impact on solvency, economic security, and overall financial stability of insurance companies. It is very important for insurance companies to...
Persistent link: https://www.econbiz.de/10012217869
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Phase-type models in life insurance: Fitting and valuation of equity-linked benefits
Asmussen, Søren; Laub, Patrick J.; Yang, Hailiang - In: Risks 7 (2019) 1, pp. 1-22
Phase-type (PH) distributions are defined as distributions of lifetimes of finite continuous-time Markov processes. Their traditional applications are in queueing, insurance risk, and reliability, but more recently, also in finance and, though to a lesser extent, to life and health insurance....
Persistent link: https://www.econbiz.de/10013200435
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Analysing the impact of dependency on conditional survival functions using copulas
Safari-Katesari, Hadi; Zaroudi, Samira - In: Statistics in Transition New Series 22 (2021) 1, pp. 217-226
Nowadays, insurance contract reserves for coupled lives are considered jointly, which has a significant influence on … the process of determining actuarial reserves. In this paper, conditional survival distributions of life insurance … reserves are computed using copulas. Subsequently, the results are compared with an independence case. These calculations are …
Persistent link: https://www.econbiz.de/10012600289
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Industrial demand response: How network tariffs and regulation (do not) impact flexibility provision in electricity markets and reserves
Richstein, Jörn C.; Hosseinioun, Seyed Saeed - In: Applied Energy 278 (2020)
its physical limit. Marketing flexibility on the day-ahead market and in the reserves are substitutes for each other. The … combination leading to increased capacity investments. In contrast, so-called interruptible load reserves, regular payments to …
Persistent link: https://www.econbiz.de/10013457858