Expensive Mistakes: Operational Risk in Life Insurance

Shauna Ferris

Risk Management and Insurance Review, 2012, vol. 15, issue 2, 263-288

Abstract: Although insurers have developed sophisticated techniques for measuring and managing mortality risks, asset–liability mismatch, and interest rate risks, they may underestimate the potential cost of operational risks. This is a case study of an Australian life insurer, which made a series of very expensive mistakes.

Date: 2012
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https://doi.org/10.1111/j.1540-6296.2012.01221.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:rmgtin:v:15:y:2012:i:2:p:263-288

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