On the Measurement of Solvency of Insurance Companies
Author: Craig Thorburn
Publisher: World Bank Publications
Published: 2004
Total Pages: 45
ISBN-13:
DOWNLOAD EBOOKRead and Download eBook Full
Author: Craig Thorburn
Publisher: World Bank Publications
Published: 2004
Total Pages: 45
ISBN-13:
DOWNLOAD EBOOKAuthor: Craig Thorburn
Publisher:
Published: 2013
Total Pages:
ISBN-13:
DOWNLOAD EBOOKSolvency-both as an economic requirement in the market and as a regulatory and supervisory tool-is critical to all insurance markets. Current market conditions, coupled with expected institutional changes, will place particular burdens on emerging and developing markets. Institutional solvency, effective risk management within companies, effective supervisory oversight, and the development of market disciplines are all linked. The author proposes that the effective implementation of the emerging regime needs a careful and diligent phased process of capacity-building. The first priorities are identified as a strong supervisor, a basic solvency margin requirement, and the initiation of efforts to gather appropriate data sets. This can be followed by advancing development of more sophisticated solvency regulation, increased use of technical expertise, and increased use of market disciplines as the community and financial markets become more able to exercise such discipline.
Author: Craig C. Thorburn
Publisher:
Published: 2016
Total Pages: 45
ISBN-13:
DOWNLOAD EBOOKSolvency - both as an economic requirement in the market and as a regulatory and supervisory tool - is critical to all insurance markets. Current market conditions, coupled with expected institutional changes, will place particular burdens on emerging and developing markets. Institutional solvency, effective risk management within companies, effective supervisory oversight, and the development of market disciplines are all linked. Thorburn proposes that the effective implementation of the emerging regime needs a careful and diligent phased process of capacity-building. The first priorities are identified as a strong supervisor, a basic solvency margin requirement, and the initiation of efforts to gather appropriate data sets. This can be followed by advancing development of more sophisticated solvency regulation, increased use of technical expertise, and increased use of market disciplines as the community and financial markets become more able to exercise such discipline.This paper - a product of the Financial Sector Operations and Policy Department - is part of a larger effort in the department to study the influence of insurance sector developments in emerging and developing economies.
Author: OECD
Publisher: OECD Publishing
Published: 2002-04-03
Total Pages: 299
ISBN-13: 9264196234
DOWNLOAD EBOOKThis publication synthesises contributions made by the 30 OECD countries on national regulation of insurance solvency supervision, its practical organisation and the measures taken when difficulties arise. It also contains a comparative analysis of the various systems of solvency supervision.
Author: Nigel Davies
Publisher: International Monetary Fund
Published: 2003-07-01
Total Pages: 45
ISBN-13: 1451856008
DOWNLOAD EBOOKThis 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: Mr.Andreas A. Jobst
Publisher: International Monetary Fund
Published: 2014-07-22
Total Pages: 84
ISBN-13: 149832455X
DOWNLOAD EBOOKOver 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.
Author: OECD
Publisher: OECD Publishing
Published: 2003-07-23
Total Pages: 147
ISBN-13: 9264033963
DOWNLOAD EBOOKThis book presents an in-depth analysis on the assessment and the management of the major technical and financial risks insurance companies have to face.
Author: Eugene N. Gurenko
Publisher:
Published: 2013
Total Pages:
ISBN-13:
DOWNLOAD EBOOKOver the last few years, there has been a considerable debate in the industry and in the academic community about the accuracy and reliability of risk-based solvency measures in approximating the level of risk retained by insurance and reinsurance entities. This topic was further reinvigorated by the recent enactment of second solvency requirements by the European Parliament, which should replace the current first solvency regulations in 2012. Despite divergence of opinions about the adequacy of specific risk based measures of required solvency capital, there seems to be a general consensus that in principle, well-designed risk based capital (RBC) or solvency requirements can help achieve an efficient reduction in the expected costs of insolvencies by helping regulators to identify weak insurers and intervene well before capital falls below specified levels. The main objective of this paper is to revisit both issues the accuracy and reliability of most common risk-based measures of insurers' solvency and the practicability of risk-based measures of solvency for corrective regulatory action. The paper also touches upon the role of financial incentives in developing the RBC estimates.
Author: Michelle Chong-Tai Bell
Publisher:
Published: 2020
Total Pages:
ISBN-13: 9789292594121
DOWNLOAD EBOOKAuthor: Ryan C. Fuhrmann
Publisher: CFA Institute
Published: 2017
Total Pages: 60
ISBN-13: 1942713428
DOWNLOAD EBOOK