Managing The Insolvency Risk Of Insurance Companies PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Managing The Insolvency Risk Of Insurance Companies PDF full book. Access full book title Managing The Insolvency Risk Of Insurance Companies.
Author | : J. David Cummins |
Publisher | : Springer Science & Business Media |
Total Pages | : 334 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 9401138788 |
Download Managing the Insolvency Risk of Insurance Companies Book in PDF, ePub and Kindle
Two different applications have been considered, automobile claims from Massachusetts and health expenses from the Netherlands. We have fit 11 different distributions to these data. The distributions are conveniently nested within a single four parameter distribution, the generalized beta of the second type. This relationship facilitates analysis and comparisons. In both cases the GB2 provided the best fit and the Burr 3 is the best three parameter model. In the case of automobile claims, the flexibility of the GB2 provides a statistically siE;nificant improvement in fit over all other models. In the case of Dutch health expenses the improvement of the GB2 relative to several alternatives was not statistically significant. * The author appreciates the research assistance of Mark Bean, Young Yong Kim and Steve White. The data used were provided by Richard Derrig of The Massachusetts Automobile Rating and Accident Prevention Bureau and by Bob Van der Laan and The Silver Cross Foundation for the medical insurance claim data. 2~ REFERENCES Arnold, B. C. 1983. Pareto Distributions. Bartonsville: International Cooperative Publishing House. Cummins, J. D. and L. R. Freifelder. 1978. A comparative analysis of alternative maximum probable yearly aggregate loss estimators. Journal of Risk and Insurance 45:27-52. *Cummins, J. D., G. Dionne, and L. Maistre. 1987. Application of the GB2 family of distributions in collective risk theory. University of Pennsylvania: Mimeographed manuscript. Hogg, R. V. and S. A. Klugman. 1983. On the estimation of long tailed skewed distributions with actuarial applications.
Author | : Nigel Davies |
Publisher | : International Monetary Fund |
Total Pages | : 45 |
Release | : 2003-07-01 |
Genre | : Business & Economics |
ISBN | : 1451856008 |
Download Insurance and Issues in Financial Soundness Book in PDF, ePub and Kindle
This paper explores insurance as a source of financial system vulnerability. It provides a brief overview of the insurance industry and reviews the risks it faces, as well as several recent failures of insurance companies that had systemic implications. Assimilation of banking-type activities by life insurers appears to be the key systemic vulnerability. Building on this experience and the experience gained under the FSAP, the paper proposes key indicators that should be compiled and used for surveillance of financial soundness of insurance companies and the insurance sector as a whole.
Author | : Douglas G. Olson |
Publisher | : |
Total Pages | : 172 |
Release | : 1970 |
Genre | : Automobile insurance |
ISBN | : |
Download Insolvencies Among Automobile Insurers Book in PDF, ePub and Kindle
Author | : Marine Corlosquet-Habart |
Publisher | : John Wiley & Sons |
Total Pages | : 170 |
Release | : 2015-09-21 |
Genre | : Mathematics |
ISBN | : 1848218834 |
Download Asset and Liability Management for Banks and Insurance Companies Book in PDF, ePub and Kindle
This book introduces ALM in the context of banks and insurance companies. Although this strategy has a core of fundamental frameworks, models may vary between banks and insurance companies because of the different risks and goals involved. The authors compare and contrast these methodologies to draw parallels between the commonalities and divergences of these two services and thereby provide a deeper understanding of ALM in general.
Author | : |
Publisher | : |
Total Pages | : 362 |
Release | : 2015 |
Genre | : Insurance |
ISBN | : 9781782722229 |
Download Risk Management for Insurers Book in PDF, ePub and Kindle
"The introduction of Solvency II will drastically redesign the supervisory rules for regulatory capital for insurance companies. The insurance industry is therefore in desperate need of an up-to-date risk management book which contains a comprehensive exploration of Solvency II before implementation begins. The resilience of risk management systems in anticipation of Solvency II must be ensured. This updated accessible reference for the whole insurance industry that newly includes: i) More detailed discussion of Solvency II, with its three pillars examined separately; ii) the latest technical guidance from the European Insurance and Occupational Pensions Authority and the European Commission; iii) the impact of risk governance and risk culture; iv) an up-to-date overview of Basel III; and v) the significance of the International Financial Reporting Standards.
Author | : Giovanni Dosi |
Publisher | : OUP Oxford |
Total Pages | : 404 |
Release | : 2001-11-29 |
Genre | : Business & Economics |
ISBN | : 0191530220 |
Download The Nature and Dynamics of Organizational Capabilities Book in PDF, ePub and Kindle
In this book, the editors and a team of distinguished international contributors analyse the nature of organizational capabilities–how organizations do things, use their knowledge base, and diffuse that knowledge in a competitive environment. Dosi is the author and editor of numerous books including Technology, Organization, and Competitiveness (OUP, 1998). He is also one of the editors of the journal Industrial and Corporate Change published by Oxford University Press. Nelson and Winter are recognized as leading proponents of evolutionary perspectives in economics and management. The book includes chapters from David Teece, Keith Pavitt, Benjamin Coriat, and Richard Florida amongst others.
Author | : George E. Rejda |
Publisher | : Prentice Hall |
Total Pages | : 764 |
Release | : 2005 |
Genre | : Business & Economics |
ISBN | : 9780321236876 |
Download Principles of Risk Management and Insurance Book in PDF, ePub and Kindle
The ninth edition of 'Principles of Risk Management and Insurance' is fully revised to provide current insurance information. It covers concepts of risk management, legal principles, property and liability insurance, life and health insurance, employee benefits, social insurance, and functional and financial operations of insurers.
Author | : Guillaume Plantin |
Publisher | : Princeton University Press |
Total Pages | : 112 |
Release | : 2009-04-11 |
Genre | : Business & Economics |
ISBN | : 1400827779 |
Download When Insurers Go Bust Book in PDF, ePub and Kindle
In the 1990s, large insurance companies failed in virtually every major market, prompting a fierce and ongoing debate about how to better protect policyholders. Drawing lessons from the failures of four insurance companies, When Insurers Go Bust dramatically advances this debate by arguing that the current approach to insurance regulation should be replaced with mechanisms that replicate the governance of non-financial firms. Rather than immediately addressing the minutiae of supervision, Guillaume Plantin and Jean-Charles Rochet first identify a fundamental economic rationale for supervising the solvency of insurance companies: policyholders are the "bankers" of insurance companies. But because policyholders are too dispersed to effectively monitor insurers, it might be efficient to delegate monitoring to an institution--a prudential authority. Applying recent developments in corporate finance theory and the economic theory of organizations, the authors describe in practical terms how such authorities could be created and given the incentives to behave exactly like bankers behave toward borrowers, as "tough" claimholders.
Author | : J David Cummins |
Publisher | : |
Total Pages | : 388 |
Release | : 1999-12-01 |
Genre | : |
ISBN | : 9781461550464 |
Download Changes in the Life Insurance Industry Book in PDF, ePub and Kindle
Author | : Mr.Andreas A. Jobst |
Publisher | : International Monetary Fund |
Total Pages | : 84 |
Release | : 2014-07-22 |
Genre | : Business & Economics |
ISBN | : 149832455X |
Download Macroprudential Solvency Stress Testing of the Insurance Sector Book in PDF, ePub and Kindle
Over the last decade, stress testing has become a central aspect of the Fund’s bilateral and multilateral surveillance work. Recently, more emphasis has also been placed on the role of insurance for financial stability analysis. This paper reviews the current state of system-wide solvency stress tests for insurance based on a comparative review of national practices and the experiences from Fund’s FSAP program with the aim of providing practical guidelines for the coherent and consistent implementation of such exercises. The paper also offers recommendations on improving the current insurance stress testing approaches and presentation of results.