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On the Measurement of Solvency of Insurance Companies

On the Measurement of Solvency of Insurance Companies PDF Author: Craig Thorburn
Publisher: World Bank Publications
ISBN:
Category : Finance
Languages : en
Pages : 54

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On the Measurement of Solvency of Insurance Companies

On the Measurement of Solvency of Insurance Companies PDF Author: Craig Thorburn
Publisher: World Bank Publications
ISBN:
Category : Finance
Languages : en
Pages : 54

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Book Description


Policy Issues in Insurance Assessing the Solvency of Insurance Companies

Policy Issues in Insurance Assessing the Solvency of Insurance Companies PDF Author: OECD
Publisher: Organisation for Economic Co-operation and Development
ISBN:
Category : Business & Economics
Languages : en
Pages : 164

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Book Description
This volume is the fourth of a series devoted to major policy issues in insurance. It comprises an in-depth analysis on the assessment and the management of the major technical and financial risks insurance companies have to face. It responds to the growing concerns of economic, financial, political and social actors in the insurance market. It addresses the ever increasing risk exposure of insurance companies that could endanger their financial health. This book constitutes a unique reference work for the attention of both OECD countries and emerging economies.

Insurance Solvency Supervision

Insurance Solvency Supervision PDF Author: Organisation for Economic Co-operation and Development
Publisher: OECD
ISBN:
Category : Business & Economics
Languages : en
Pages : 170

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Book Description
Provides an overview of regulations and practices for the supervision of insurance companies before difficulties arise, and designed primarily to prevent the latter from occuring, which remains the primary goal of governments. Describes measures that can be taken after difficulties arise, either to prevent them from worsening or to deal with them, or, failing that, to organise the liquidation of the company in the best interests of society at large.

Executive's Guide to Solvency II

Executive's Guide to Solvency II PDF Author: David Buckham
Publisher: John Wiley & Sons
ISBN: 0470545720
Category : Business & Economics
Languages : en
Pages : 208

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Book Description
A straightforward guide to the evolution, benefits, and implementation of Solvency II Providing a guide to the evolution, practice, benefits, and implementation of Solvency II, Executive′s Guide to Solvency II deftly covers this major European regulation which ensures that insurers can meet their risk–based liabilities over a one–year period to a 99.5% certainty. Part of the Wiley and SAS Business series, this book will guide you through Solvency II, especially if you need to understand the subtleties of Solvency II and risk–based capital in basic business language. Among the topics covered in this essential book are: Background to Solvency II Learning from the Basel Approach The Economic Balance Sheet Internal Models People, Process, and Technology Business Benefits of Solvency II Executive′s Guide to Solvency II has as its aim an explanation for executives, practitioners, consultants, and others interested in the Solvency II process and the implications thereof, to understand how and why the directive originated, what its goals are, and what some of the complexities are. There is an emphasis on what in practice should be leveraged upon to achieve implementation, specifically data, processes, and systems, as well as recognition of the close alignment demanded between actuaries, the risk department, IT, and the business itself.

The Financial Dynamics of the Insurance Industry

The Financial Dynamics of the Insurance Industry PDF Author: Edward I. Altman
Publisher: Irwin Professional Publishing
ISBN:
Category : Social Science
Languages : en
Pages : 512

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Book Description
Essays discuss the solvency of life insurance and property insurance companies, defaulted securities, asset operations, performance measurement, and asset-liability matching

A Reader in Insurance and Reinsurance Metrics

A Reader in Insurance and Reinsurance Metrics PDF Author: Dietmar Zietsch
Publisher: VVW GmbH
ISBN: 389952828X
Category : Business & Economics
Languages : en
Pages : 152

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Book Description
Die Arbeit erscheint in englischer Sprache. Insurance metrics, in other words the performance measurement of primary insurers and reinsurers, differs strongly from the measurement in industrial companies as well as in the banking sector. This is due to the "inverted" production cycle, where income is generated before expenses appear. The complexity of insurance metrics has increased considerably within the last twenty years following the requests of stakeholders: International accounting (IFRS), regulatory exigencies (solvency II and other) and models from rating agencies. Within the worldwide stock indices the industry does not represent more than 10% to 15% of the market capitalization. Therefore, insurers and reinsurers are under pressure to explain their metrics to gain the interest of the market. This reader includes nine articles revealing these metrics, ranging from a with general comparison to the credit industry to articles dealing with more complex items like the performance measurement in life insurance and disclosure of contracts under IFRS. The reader is a "must" for the industry, analysts as well as investors, students and young actuaries. Edited by Prof. Dr. Dietmar Zietsch (University Ulm, Germany) and Marc von Harpke (SCOR Germany). Versicherungsmetrik beschreibt die Erfolgsmessung von Erst- und Rückversicherern. Sie unterscheidet sich elementar von jenen der Industrieunternehmen und Banken wegen des spezifischen inversen Produktionszyklus, d.h. des Entfalls der Vorfinanzierung durch das Prinzip der Einnahmen vor Ausgaben. Darüber hinaus hat sich die Komplexität der Versicherungsmetrik in den letzten 20 Jahren durch die Anforderungen diverser Stakeholder stark erhöht: Internationale Bilanzierung (IFRS), regulatorische Anforderungen (Solvency II) und Modelle von Ratingagenturen sind hierbei beispielhaft zu nennen. In den Indices der weltweit größten Börsen repräsentieren Versicherer bis zu 15% der jeweiligen Börsenkapitalisierung. Um vom Markt wahrgenommen und auch adäquat beurteilt zu werden, ist die Darstellung und Erläuterung ihrer Erfolgskomponenten von entscheidender Bedeutung. Der Reader versammelt neun Artikel, um diese Metrik offenzulegen - angefangen von generellen Vergleichen mit der Kreditwirtschaft, bis zu komplexeren Themen wie der Erfolgsmessung in der Lebensversicherung und der Einzelvertragsbetrachtung. Ein "Must-have" für die Branche, Analysten und Investoren, Studenten und junge Aktuare. Herausgegeben von Prof. Dr. Dietmar Zietsch (Universität Ulm) und Marc von Harpke (SCOR Deutschland).

The Regulation of Insurance in China

The Regulation of Insurance in China PDF Author: Zhen Jing
Publisher: Taylor & Francis
ISBN: 1351122843
Category : Law
Languages : en
Pages :

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Book Description
With the rapid development of China’s insurance industry and the opening of the Chinese insurance market to the world, Chinese insurance law and regulation has become an increasingly relevant topic for insurance practitioners and academics. The Regulation of Insurance in China therefore provides a much needed analysis of the Chinese regulatory system. This is the first systematic text written in English on the regulation of insurance in China and provides a comprehensive and systematic analysis of rules of law and administrative regulations on China’s insurance industry and insurance market, covering four level of regulatory hierarchy − the statutory law, the regulations enacted by the central government (the State Council), the regulations developed by the insurance supervision and regulation authority of the State Council, and self-regulations by the insurance industry. This book is essential reading for insurance companies and legal practitioners looking to do business in China, as well as reference for lawyers practising insurance law. It is also a useful resource for students and academics studying Chinese law.

Causes and Implications of Insurance Company Failures

Causes and Implications of Insurance Company Failures PDF Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher:
ISBN:
Category : Bankruptcy
Languages : en
Pages : 426

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Insurance Law in China

Insurance Law in China PDF Author: Guojian Xu
Publisher: CCH Hong Kong Limited
ISBN: 9789889975449
Category : Consolidation and merger of corporations
Languages : en
Pages : 676

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France

France PDF Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN: 1513517783
Category : Business & Economics
Languages : en
Pages : 19

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Book Description
This technical note focuses on issues in insurance supervision and regulation on France. France has a very high level of insurance penetration, particularly for life insurance. For each insurance company, a risk assessment is undertaken on at least an annual basis and is recorded in a supervisory review process tool. French insurance companies are significant users of the Volatility Adjustment (VA), with companies representing more than 90 percent of the technical provisions in the French insurance industry using the VA. The report discusses that French authorities should advocate to the relevant EU authorities to introduce a minimum number of independent members of the Administrative Management or Supervisory Boards, at least one-third. Autorité de Contrôle Prudentiel et de Résolution should review the intensity and frequency of on-site supervision and its relationship to off-site supervision. With several other meetings with insurance companies possible, some of these meetings may be close to be called as focused on-site inspections.