experiments are carried out on a set of portfolios to be optimized for an EU-based non-life insurance company. Both performance …

Article 42 of the Solvency-II-Directive requires all persons who effectively run the insurance company or have other … German law. Special attention is given to publications of the European insurance supervisory authorities and to the draft of … the German transposition law, the 10th amendment to the German insurance supervision act. The article identifies several …

regulation – as is typically done in most insurance markets – our single model will reduce the complexity and costs for insurers …

hypothesis of probabilistic insurance which states that willingness to pay for insurance decreases sharply in the presence of … even small default probabilities as compared to a risk-free insurance contract. In our experiment, 181 participants state … their willingness to pay for insurance contracts with different levels of default risk. We find that the willingness to pay …

regulation. In this paper we concentrate on the insurance risk. We will compare the two models and discuss what is common and …

With more than $50 trillion in assets worldwide, investment funds run by the insurance industry and pension system are … harmonizes insurance regulations in Europe, in order to reduce the risk of an insurer defaulting on its obligations and producing …

Solvency II is a new regime for the prudential regulation of European insurance companies that will come into force on …