Major challenges for life insurance companies have been posed by an unprecedented wave of mergers and acquisitions in the insurance industry and the emergence of non-traditional competitors such as banks, mutual fund companies and investment advisory firms. This is the first book to analyze the...

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 theme of this book is the management of life insurers using techniques drawn from the field of finance. The importance of financial management has increased greatly in recent years, paralleling the growth in competition within the financial services industry. This competitive environment...

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...

1 Strategic Planning in the U.S. Property-Liability Insurance Industry -- 2 Strategic Planning in the European Insurance Industry -- 3 Strategic Planning in the Australian Insurance Industry -- 4 Corporate Modeling at Allstate Insurance Company -- 5 A Stochastic Simulation Model for Reinsurance...

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...

1 Investment Income and Profit Margins in Property-Liability Insurance: Theory and Empirical Results -- 2 The Massachusetts Model of Profit Regulation in Nonlife Insurance: An Appraisal and Extensions -- 3 A Discounted Cash Flow Approach to Property-Liability Insurance Rate Regulation -- 4...