A Management Rule of Thumb in Property-Liability Insurance

Martin Eling, Thomas Parnitzke and Hato Schmeiser
Additional contact information
Thomas Parnitzke: University of St. Gallen
Hato Schmeiser: University of St. Gallen

A chapter in Operations Research Proceedings 2006, 2007, pp 281-286 from Springer

Abstract: Abstract Due to substantial changes in competition, capital market conditions, and supervisory frameworks, holistic analysis of an insurance company’s assets and liabilities takes on special relevance. An important tool in this context is dynamic financial analysis (DFA). DFA is a systematic approach to financial modeling in which financial figures are projected under a variety of possible scenarios by showing how outcomes are affected by changing internal and/or external factors. The discussion in Europe about new risk-based capital standards (Solvency II project) and the development of International Financial Reporting Standards (IFRS), as well as expanding catastrophe claims, have made DFA an useful tool for cash flow projection and decision making, especially in the non-life and reinsurance businesses (for an overview, see [2]).

Keywords: International Financial Reporting Standard; Equity Capital; Solvency Strategy; Minimum Capital; Ruin Probability (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:oprchp:978-3-540-69995-8_46

Ordering information: This item can be ordered from
http://www.springer.com/9783540699958

DOI: 10.1007/978-3-540-69995-8_46

Access Statistics for this chapter

More chapters in Operations Research Proceedings from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().