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solvency of the main euro area insurance sectors. We model the balance sheet of an insurance company encompassing both life and … non-life business and we calibrate it using country level data to make it representative of the major euro area insurance …
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supervision and the taking-up and pursuit of (re)insurance business in the EU. First and foremost, it introduces a new perspective … on the role of (re)insurance undertakings towards risk intermediation, as an evolutionary step away from financial … and analyses the consequences for the management of insurance products. By doing this, it also introduces the reader to …
Persistent link: https://www.econbiz.de/10014079931
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 Pension Contributions and Fund Levels with Random Rates of Return -- 5 The …
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This paper aims at providing a mathematical foundation for the terms of the well spread supervisory rule 'initial market value of assets must be at least equal to provision plus solvency capital'.It starts with a risk-adjusted assessment - given by a set of test probabilities - of the future...
Persistent link: https://www.econbiz.de/10013109360
European legislation for the prudential regulation of insurance and reinsurance sector has existed since the 1970s … represents a crucial modernization of European insurance regulation. Each of these regimes prescribes its own rules for the …
Persistent link: https://www.econbiz.de/10011818213
Most insurers in the European Union determine their regulatory capital requirements based on the standard formula of Solvency II. However, there is evidence that the standard formula inaccurately reflects insurers’ risk situation and may provide misleading steering incentives. In the second...
Persistent link: https://www.econbiz.de/10014252282