New risk-based capital standars in the European Union : a proposal based on empirical data

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<rdf:Description>
<dc:creator>Schmeiser, Hato</dc:creator>
<dc:date>2004-03-21</dc:date>
<dc:description xml:lang="es">In response to criticism concerning the current solvency system, the European Commision  is developing new rules for insurance companies operating in the members states of the European Union (EU). Under this so-called Solvency II concept, an insurer is allowed to verify its solvency using an internal risk management model previously approved by the regulatory authority. In this article we develop such an internal risk management approach for property- liability insurers that is based on dynamic finantial analysis (DFA). The proposed concept uses a simulation technique and models the central risk factors from the investment and underwriting areas of an insurance company. On the basis of the data provided by a German insurer, the ruin probalities under different scenarios and varying planning horizons are calculated </dc:description>
<dc:identifier>https://documentacion.fundacionmapfre.org/documentacion/publico/es/bib/57270.do</dc:identifier>
<dc:language>eng</dc:language>
<dc:rights xml:lang="es">InC - http://rightsstatements.org/vocab/InC/1.0/</dc:rights>
<dc:subject xml:lang="es">Unión Europea</dc:subject>
<dc:subject xml:lang="es">Empresas de seguros</dc:subject>
<dc:subject xml:lang="es">Modelos de simulación</dc:subject>
<dc:subject xml:lang="es">Inversiones</dc:subject>
<dc:subject xml:lang="es">Riesgos</dc:subject>
<dc:subject xml:lang="es">Finanzas</dc:subject>
<dc:subject xml:lang="es">Solvencia</dc:subject>
<dc:type xml:lang="es">Artículos y capítulos</dc:type>
<dc:title xml:lang="es">New risk-based capital standars in the European Union : a proposal based on empirical data</dc:title>
<dc:title xml:lang="es">Título: Risk management and insurance review</dc:title>
<dc:relation xml:lang="es">En: Risk management and insurance review. - New York : The American Risk and Insurance Association. - Vol. 7, nº 1 Spring 2004 ; p. 41-52</dc:relation>
</rdf:Description>
</rdf:RDF>