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Management Strategies and Dynamic Financial Analysis

Management Strategies and Dynamic Financial Analysis
Author: Martin Eling
Publisher:
Total Pages: 23
Release: 2013
Genre:
ISBN:

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Dynamic financial analysis (DFA) has become an important tool in analyzing the financial situation of insurance companies. Constant development and documentation of DFA tools has occurred during the last years. However, several questions concerning the implementation of DFA systems have not been answered in the DFA literature to date. One such important issue is the consideration of management strategies in the DFA context. The aim of this paper is to study the effects of different management strategies on a non-life insurer's risk and return profile. Therefore, we develop several management strategies and test them numerially within a DFA simulation study.


Dynamic Financial Analysis (DFA) to Determine the Optimal Level of Equity Capital for Insurance Companies

Dynamic Financial Analysis (DFA) to Determine the Optimal Level of Equity Capital for Insurance Companies
Author: Andreas Schönbächler
Publisher:
Total Pages:
Release: 2015
Genre:
ISBN:

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Risk management techniques have undergone significant changes during the last decades. One new tool that has been established in academic literature and practical application is Dynamic Financial Analysis (DFA). The method allows holistically analysing the financial situation of an insurance company. In this thesis, a DFA-model will be applied to analyse the default probabilities of an insurance company. It will focus on the different impacts of financial and insurance markets on the result of the insurance company. Furthermore, two management strategies will also be implemented in order to analyse the reliability of the model, on the one hand, and on the other hand, to investigate how the management can influence the result of the insurance company. The model will be implemented in MATLAB to ensure the efficiency of the model. With the implementation of the analysis, the aim of the thesis, to analyse different impacts of economic variables on the default probability of an insurance company, was achieved and the results were presented. Moreover, the implemented model also allowed applying other concepts from finance (e.g. Portfolio Theory). As it was the focus in this thesis to analyse the business of a non-life insurance company, it would be of interest to analyse similar impacts for a life insurance company.


Dynamic Financial Analysis A Complete Guide - 2020 Edition

Dynamic Financial Analysis A Complete Guide - 2020 Edition
Author: Gerardus Blokdyk
Publisher: 5starcooks
Total Pages: 308
Release: 2020-01-23
Genre:
ISBN: 9781867316671

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What is your organizations process which leads to recognition of value generation? Think about some of the processes you undertake within your organization, which do you own? How will you know that the Dynamic financial analysis project has been successful? How is the way you as the leader think and process information affecting your organizational culture? What is the definition of Dynamic financial analysis excellence? This breakthrough Dynamic Financial Analysis self-assessment will make you the credible Dynamic Financial Analysis domain assessor by revealing just what you need to know to be fluent and ready for any Dynamic Financial Analysis challenge. How do I reduce the effort in the Dynamic Financial Analysis work to be done to get problems solved? How can I ensure that plans of action include every Dynamic Financial Analysis task and that every Dynamic Financial Analysis outcome is in place? How will I save time investigating strategic and tactical options and ensuring Dynamic Financial Analysis costs are low? How can I deliver tailored Dynamic Financial Analysis advice instantly with structured going-forward plans? There's no better guide through these mind-expanding questions than acclaimed best-selling author Gerard Blokdyk. Blokdyk ensures all Dynamic Financial Analysis essentials are covered, from every angle: the Dynamic Financial Analysis self-assessment shows succinctly and clearly that what needs to be clarified to organize the required activities and processes so that Dynamic Financial Analysis outcomes are achieved. Contains extensive criteria grounded in past and current successful projects and activities by experienced Dynamic Financial Analysis practitioners. Their mastery, combined with the easy elegance of the self-assessment, provides its superior value to you in knowing how to ensure the outcome of any efforts in Dynamic Financial Analysis are maximized with professional results. Your purchase includes access details to the Dynamic Financial Analysis self-assessment dashboard download which gives you your dynamically prioritized projects-ready tool and shows you exactly what to do next. Your exclusive instant access details can be found in your book. You will receive the following contents with New and Updated specific criteria: - The latest quick edition of the book in PDF - The latest complete edition of the book in PDF, which criteria correspond to the criteria in... - The Self-Assessment Excel Dashboard - Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation - In-depth and specific Dynamic Financial Analysis Checklists - Project management checklists and templates to assist with implementation INCLUDES LIFETIME SELF ASSESSMENT UPDATES Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.


Financial Analysis Tools and Techniques: A Guide for Managers

Financial Analysis Tools and Techniques: A Guide for Managers
Author: Erich A. Helfert
Publisher: McGraw Hill Professional
Total Pages: 510
Release: 2001-11-20
Genre: Business & Economics
ISBN: 0071395415

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Praise for Financial Analysis Tools and Techniques: "Bona fide treasury for executives, managers, entrepreneurs. Have long used this great work in corporate & university programs. Uniquely makes the arcane clear."Allen B. Barnes, Provost, IBM Advanced Business Institute "A candidate for every consultant-to-management's bookshelf. Its beauty lies in the dynamic model of the business system and its management decision framework."Stanley Press CMC, Book review in C2M Consulting to Management Journal "Goes a long way to remove the mystery from business finance. Approach allows managers from all areas to understand how their decisions impact shareholder value."Stephen E. Frank, Chairman and Chief Executive Officer, Southern California Edison "Helfert has rare ability to make financial concepts understandable to those lacking financial background. His finance seminars exceeded our high expectations."L. Pendleton Siegel, Chairman and Chief Executive Officer, Potlatch Corporation "Commend the clarity, organization and currency of contents. There is no other book available that does the task in such an understandable and accessible way."Dr. Thomas F. Hawk, Frostburg State University "Helfert's excellent overviews and simplified models effectively broadened our managers' understanding of their fiscal responsibility to HP and our shareholders."Robert P. Wayman, Executive Vice President, Chief Financial Officer, Hewlett-Packard Company "The book has become a classic, and Helfert has been of substantial help to my company in teaching our people how to think about the numbers which drive it."Robert J. Saldich, President and Chief Executive Officer, Raychem Corporation "Helfert has contributed to the development of financial skills of TRW managers through his book, case studies and presentations, and highly rated instruction."Peter S. Hellman, President and Chief Operating Officer, TRW Inc. "Helfert has the ability to make financial concepts understandable, and his credibility and content added significantly to the success of our educational effort."Giulio Agostini, Senior Vice President Finance, and Office Administration, 3M Corporation "Helfert's writing and teaching have become a mainstay for us, and his business and strategic sense have been recognized as valuable guides to our process."William H. Clover, Ph.D., Manager of Training, and AMOCO Learning Center Concepts and tools for making sound business decisions Financial Analysis Tools and Techniques, a business-focused revision of Erich Helfert's perennial college bestseller Techniques of Financial Analysis, is a quick, easy read for nonfinancial managers and an excellent refresher and reference for finance professionals. This practical, hands-on guide provides a new introductory chapter that gives context to today's valuation turmoil and helps professionals understand the economic drivers of a business and the importance of cash flow. The book's overriding theme is that any business should be viewed as a dynamic, integrated system of cash flowsone that can be activated and managed by investment decisions. Topics, discussed in clear, comprehensive, and easy-to-understand detail, include: Increasing shareholder value through value-based management (VBM) Interpreting pro forma financial statements


Techniques of Financial Analysis

Techniques of Financial Analysis
Author: Erich A. Helfert
Publisher: McGraw-Hill/Irwin
Total Pages: 586
Release: 2000
Genre: Cash flow
ISBN:

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This best-selling practical guide for managers and students of business emphasizes the financial concepts and tools that are essential for making sound business decisions in order to create shareholder value. The book's major appeal for over 35 years, with 500,000 copies in print in 9 languages, has been its direct, concise, no-nonsense approach. The 10th (millennium) edition maintains the unique perspective that any business can be viewed as a dynamic, integrated system of cash flows, which are activated by management decisions. The new edition is integrated with an advanced financial analysis and planning application, Financial Genome, which is available from www.modernsoft.com, together with free templates illustrating the key concepts and diagrams of the book.Check out Financial Genome at http: //www.modernsoft.com


Modeling and Management of Nonlinear Dependencies - Copulas in Dynamic Financial Analysis

Modeling and Management of Nonlinear Dependencies - Copulas in Dynamic Financial Analysis
Author: Martin Eling
Publisher:
Total Pages: 40
Release: 2013
Genre:
ISBN:

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The aim of this paper is to study the influence of nonlinear dependencies on a nonlife insurer's risk and return profile. To achieve this, we integrate several copula models in a dynamic financial analysis (DFA) framework and conduct numerical tests within a simulation study. We also test several management strategies in response to adverse outcomes generated by nonlinear dependencies. We find that nonlinear dependencies have a crucial influence on the insurer's risk profile that can hardly be affected by the analyzed management strategies. Depending on the copula concept employed, we find large differences in risk assessment for the ruin probability and for the expected policyholder deficit. This has important implications for regulators and rating agencies that use these risk measures as a foundation for capital standards and ratings.


Techniques of Financial Analysis

Techniques of Financial Analysis
Author: Erich A. Helfert
Publisher: Irwin Professional Publishing
Total Pages: 628
Release: 1994
Genre: Business & Economics
ISBN: 9780256120257

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This best-selling practical guide for managers and students of business emphasizes the financial concepts and tools that are essential for making sound business decisions in order to create shareholder value. The books major appeal for over 35 years, with 500,000 copies in print in 9 languages, has been its direct, concise, no-nonsense approach. The 10th (millennium) edition maintains the unique perspective that any business can be viewed as a dynamic, integrated system of cash flows, which are activated by management decisions. The new edition is integrated with an advanced financial analysis and planning application, Financial Genome, which is available from www.modernsoft.com, together with free templates illustrating the key concepts and diagrams of the book. Check out Financial Genome at http://www.modernsoft.com


Managing Investment Portfolios

Managing Investment Portfolios
Author: John L. Maginn
Publisher: John Wiley & Sons
Total Pages: 1255
Release: 2010-03-18
Genre: Business & Economics
ISBN: 0470635347

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"A rare blend of a well-organized, comprehensive guide to portfolio management and a deep, cutting-edge treatment of the key topics by distinguished authors who have all practiced what they preach. The subtitle, A Dynamic Process, points to the fresh, modern ideas that sparkle throughout this new edition. Just reading Peter Bernstein's thoughtful Foreword can move you forward in your thinking about this critical subject." —Martin L. Leibowitz, Morgan Stanley "Managing Investment Portfolios remains the definitive volume in explaining investment management as a process, providing organization and structure to a complex, multipart set of concepts and procedures. Anyone involved in the management of portfolios will benefit from a careful reading of this new edition." —Charles P. Jones, CFA, Edwin Gill Professor of Finance, College of Management, North Carolina State University


Institutional Money Management

Institutional Money Management
Author: David M. Smith
Publisher: John Wiley & Sons
Total Pages: 418
Release: 2011-10-27
Genre: Business & Economics
ISBN: 1118148762

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An informative look at institutional investment management methods and practice The policies, practices, and decisions of institutional investment managers worldwide affect the economic health of not only the institutions themselves, but of countless individual clients as well. Overall, this area of finance has great impact on the capital markets. Filled with in-depth insights and practical advice, Institutional Money Management is an important basis of knowledge regarding both the theory and practice of this ever-evolving area of finance. Part of the Robert W. Kolb Series in Finance, this book on institutional investment management showcases contributed chapters from professional and academic experts in banking, insurance companies, mutual funds, pension funds, and endowments. Along the way, issues covered included everything from the role of institutional investors within the financial system and the structures that have emerged and evolved to industry standards of ethical practice and investment performance presentation. Provides a detailed examination of the objectives, constraints, methods, and stakeholders for the dominant types of institutional investors Focuses on the portfolio management strategies and techniques used by institutional investors Contains contributed chapters from numerous thought-leaders in the field of finance The practice of institutional investment management presents a diverse set of challenges. But with this book as your guide, you'll gain a better understanding of how you can overcome these challenges and manage your portfolio more effectively.