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This paper is an overview of how insurance instruments could be used in Indonesia to improve disaster risk finance (the … as a large geographically diverse middle-income country, Indonesia is well placed to employ insurance instruments for … private insurance for households, firms and government agencies across the country and insurance-based arrangements for …
Persistent link: https://www.econbiz.de/10012849913
Prevention and insurance are studied in an urban model with spatial heterogeneity due not only to commuting transport … costs but also to natural disaster risks. Costly insurance and charity donation both lead to low insurance purchase. While … the former leads to high prevention, the latter leads tolow prevention. In the presence of charity, implementing insurance …
Persistent link: https://www.econbiz.de/10012852159
107 insurance companies from 2004 to 2012. Our risk governance index covers several Solvency II provisions and includes …
Persistent link: https://www.econbiz.de/10013048987
We test the hypothesis that practicing Enterprise Risk Management (ERM) reduces firms' cost of reducing risk. Adoption of ERM represents a radical paradigm shift from the traditional method of managing risks individually to managing risks collectively allowing ERM-adopting firms to better...
Persistent link: https://www.econbiz.de/10013055318
insurance group. In this paper, it is shown that premium and liability transfers could be optimally made in such a way as to … reduce the amount of Technical Provisions and Minimum Capital Requirement for the entire insurance conglomerate. These levels … of required capital represent the minimal amount that needs to be held by the insurance group without regulator …
Persistent link: https://www.econbiz.de/10013025338
reflected in current insurance regulation (incl. upcoming Solvency II in Europe) … risk. This paper focuses on the transmission of sovereign risk to insurance companies as some of the largest institutional … investors in the sovereign bond market. We use a firm level panel dataset that covers large insurance companies, banks and non …
Persistent link: https://www.econbiz.de/10012988670
publicly listed insurance firms. Using a dataset for 24 years, we report new results which show that ERM adopters realize …
Persistent link: https://www.econbiz.de/10012796172
on loss risk and insurance, we derive that insurance (or jump risk management) can significantly increase firm value. In … addition, our work indicates that a firm would choose different optimal insurance strategies for various risk types, which … explains the practical insurance strategies. Moreover, by considering the cost of risk management, we explain many phenomena in …
Persistent link: https://www.econbiz.de/10012932234
Persistent link: https://www.econbiz.de/10012709777
management) may depend on their access to capital markets. The property-casualty insurance industry has two features that make it …
Persistent link: https://www.econbiz.de/10012614175