Search

Capital allocation for insurance companies, what good is it?

Fichero PDF / PDF file
MARC record
Tag12Value
LDR  00000nab a2200000 i 4500
001  MAP20071509072
003  MAP
005  20080418130231.0
007  hzruuu---uuuu
008  071218s2007 usa|||| | |00010|eng d
040  ‎$a‎MAP‎$b‎spa
084  ‎$a‎212
1001 ‎$0‎MAPA20080100339‎$a‎Gründl, Helmut
24510‎$a‎Capital allocation for insurance companies, what good is it?‎$c‎Helmut Gründl, Hato Schmeiser
5208 ‎$a‎In their 2001 Journal of Risk and Insurance article, Stewart C. Myers and James A. Read Jr. propose to use a specific capital allocation method for pricing insurance contracts. In their model framework no capital allocation to lines of business is needed for pricing insurance contracts. In the case of having to cover frictional costs, the suggested allocation method may even lead to inappropriate insurance prices. Beside the purpose of pricing insurance contracts, capital allocation methods proposed in the literature and used in insurance practice are typically intended to help derive capital budgeting decisions in insurance companies, such as expanding or contracting lines of business. The net present value analyses provide better capital budgeting decisions than capital allocation in general.
65011‎$0‎MAPA20080609375‎$a‎Análisis de inversiones
650 1‎$0‎MAPA20080590567‎$a‎Empresas de seguros
650 1‎$0‎MAPA20080586294‎$a‎Mercado de seguros
650 1‎$0‎MAPA20080584351‎$a‎Control de seguros
65011‎$0‎MAPA20080579333‎$a‎Capital budgeting
650 1‎$0‎MAPA20080584290‎$a‎Contrato de seguro
7001 ‎$0‎MAPA20080147648‎$a‎Schmeiser, Hato
7404 ‎$a‎The Journal of risk and insurance
7730 ‎$t‎The Journal of risk and insurance‎$d‎Orlando‎$g‎Volume 74, nº 2, 2007 ; p. 301-317