The SWIM package implements a flexible sensitivity analysis framework, based primarily on results and tools developed by Pesenti et al. (2019). SWIM provides a stressed version of a stochastic model, subject to model components (random variables) fulfilling given probabilistic constraints...

The financial sector which play a crucial role in the economy by intermediating the transfer of savings to productive investment opportunities is among the sectors that is affected deeply from financial crises. Financial crises result in a shrinkage of the total amount of the financial sector's...

The effective management of uncertainty and complexity in premium pricing and reserve accumulation processes provide new challenges to the decision- and policy- makers. In this regard, the implementation of complex mathematical tools and advanced statistical techniques is highly acquired. Over...

We provide a tutorial that illuminates the aspects which need to be considered when fitting neural network regression models to claims frequency data in insurance. We discuss feature pre-processing, choice of loss function, choice of neural network architecture, class imbalance problem, balance...

This analysis compares the cost efficiency of Islamic and conventional insurers operating in eight countries. We analyze data collected from 32 insurers using stochastic frontier analysis, data envelope analysis and a partial frontier approach with order-alpha free disposal hull. We compare the...

Çalışmanın amacı, hayat ve hayat dışı olmak üzere sigortacılık sektöründeki şirketlerin performanslarının Veri Zarflama Analizi (VZA) ve Kümeleme Analizi (KA) kullanılarak karşılaştırılmasıdır. Çalışmada öncelikle her iki gruptaki sigorta şirketlerinin 31.12.2005...

This paper contributes to the existing literature by examining the efficiency and competitiveness of the Takaful insurance. We employ the Data Envelopment Analysis (DEA) to compute the efficiency of Takaful operators, while Panzar-Rosse (P-R) H-statistic method is used to evaluate the degree of...

In actuarial risk theory, the introduction of dividend pay-outs in surplus models goes back to Bruno de Finetti (1957). Dividend strategies that can be found in the literature often yield pay-out patterns that are inconsistent with actual practice. One issue is the high variability of the...

In actuarial risk theory, the introduction of dividend pay-outs in surplus models goes back to Bruno de Finetti (1957). Dividend strategies that can be found in the literature often yield pay-out patterns that are inconsistent with actual practice. One issue is the high variability of the...

Restructuring policies in the early 1980s in Turkey affected the insurance industry. Liberalization and reregulation attempt reshaped the structure of the sector. The oligopolistic market structure was broken out, new corporations emerged, employment increased and new instruments, services were...