In this technical report we explore the motivation, structuring and detailed mechanics of a variance swap contract adapted for a property insurance portfolio. We structure, price and test sensitivities of the swap contract using real event historical and modeled natural catastrophe loss data....

The objective of this study was to test the market efficiency hypothesis of Colombian coffee. This is of extreme importance to Colombia because the exports of coffee from this country provides for valuable foreign exchange and provides employment for her people. Historically this country has...

The aim of this paper is to summarise a variety of dimensions of agricultural risk in Argentina and to propose different lines of research related to an integrated risk management framework at the macro and micro levels. First, we analyse the incidence of the primary sector in the Argentinean...

The basic aspects of German and Ukrainian insurance markets development are addressed in this paper. Also, their interrelationships are considered based on the forecasting of most relevant descriptions of insurance activity given the time lag. To this end, correlative-regressive analysis is...

This research is to examine that most of the time investors do not prefer to highly profitable companies. We investigate the DuPont equation on insurance sector of South Asian region. Through DuPont analysis we see which types of companies are most fruitful for investor. We are using two method...

In a recently reprinted paper Borch wonders whether an increase in loadings, together with a consequent increase in deductibles, may start a vicoius circle, ad infinitum. This paper rules out the possibility of a vicious circle, in a model à la Borch. First of all, in his setting, increases in...

Savings rate in Pakistan is one of the lowest in the regional countries. As a result, investment to GDP ratio has been dismally low as well. Low investment results in low capital formation and hence lower long term growth and hence low levels of development. The long term growth literature from...

This study investigates factors that influenced interstate differentials in bank closing rates in the U.S. over the 1982-1992 time period. The estimation reveals that the bank failure rate is a decreasing function of the average mortgage portfolio yield, the capital requirement, the real price...

The economic environment for financial institutions has become increasingly risky. Hence these institutions must find ways to manage risk of which one of the most important forms is interest rate risk. In this paper we use the mean-variance (mean-standard deviation) approach to examine a banking...

Abstract Medical bankruptcy was at the heart of the health care reform debate. According to Himmelstein et al. (2009), 62.1 percent of bankruptcies in the United States in 2007 were due to medical reasons. At the same time over 15 percent of Americans had no health insurance. The 2010 health...