Download or read book Impacts des options et garanties implicites des contrats d assurance vie dans le cadre de Solvency II written by Wafa Gzara-Boubaker and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Le secteur de l’assurance, notamment, de l’assurance vie est frappé par une forte mutation due à la nouvelle réglementation prudentielle de solvabilité dite Solvency II. Inspirée de la réforme bâloise des banques, Solvency II vient renforcer le passif des compagnies d’assurance par le biais des exigences supplémentaires en capitaux propres (SCR, MCR) et aussi par une meilleure détermination des provisions techniques (Best Estimate) tout en prenant en compte de l’ensemble des risque que peut encourir l’assureur. Face à cette réglementation, les assureurs sont contraints à prendre en compte pour le calcul des provisions techniques de toutes les options et garanties financières cachées dans les contrats d’assurance vie qui ont été longtemps négligées jusqu’au début des années 90.Ainsi, l’objectif de cette thèse est de mesurer l’impact des options et garanties financières incluses dans les contrats d’assurance vie sur les exigences de capitaux de solvabilité tel qu’ a été recommandé par les autorités de contrôles dans la réforme de Solvency II. Pour ce faire, nous procédons, dans un premier temps à la détermination des provisions techniques à travers une modélisation des différents éléments du bilan en passant par une projection Actif/Passif.Nous nous basons, dans un second temps, sur le modèle standard proposé par l’EIOPA pour calculer les différents SCR. Ceci nous a permis à mesurer la sensibilité des capitaux sous risques face aux différentes variations du Best Estimate en supposant plusieurs scénarios possibles.
Download or read book Implicit Embedded Options in Life Insurance Contracts written by Nils Rüfenacht and published by Springer Science & Business Media. This book was released on 2012-05-04 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a market-consistent valuation framework for implicit embedded options in life insurance contracts. This framework is used to perform an empirical analysis based on more than 110,000 actual and in-force life insurance policies and with a focus on the modeling of interest rates. Its results are the answer to the central question posed in the objectives: What value do the embedded options and guarantees considered have? This question is answered both absolutely and relative to the current policy reserves, from the perspective of the insurer, the policyholder and the shareholder respectively
Download or read book Valuation and Control of Risk for Italian Life Policies of Gestione Separata Type in the Solvency II Framework The Case of Credit Risk written by Stéphane Dang-Nguyen and published by . This book was released on 2014 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Le sujet de cette thèse est l'analyse du risque de crédit, dans le cadre de la directive Solvency II, appliquée à un type de polices d'assurance vie italien. Leur caractéristique principale consiste à indexer les prestations et primes au rendement d'un ensemble d'actifs appartenant au bilan de l'entreprise, dénommé gestione separata. De plus, ces actifs sont évalués avec une approche comptable. Ce manuscrit est organisé en quatre parties afin de combiner trois composantes. Premièrement la directive et la formalisation de ces polices sont présentés afin de comprendre le cadre de la valorisation et de l'évaluation des risques associés. Deuxièmement, le risque de taux est introduit puisqu'il joue un rôle important dans le calcul du prix de tout contrat financier. La modélisation de ce risque de marché s'effectue avec des processus affines et l'estimation des paramètres est décrite. Troisièmement, le risque de crédit avec des modèles à forme réduite est présenté. Ce risque est décrit au travers d'un processus affine qui représente le spread de crédit et est également affine. Ainsi le cadre mathématique est identique au risque de taux. Enfin des évaluations, dans le cadre de la directive, basé sur un portefeuille stylisé d'actifs et de polices sont effectuées. Le logiciel Dynamic Investment Strategy with Accounting Rules est utilisé donc des choix de modélisation additionels sont présentés.
Download or read book Embedded Derivatives written by International Accounting Standards Board and published by . This book was released on 2009 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oppression and Related Remedies written by Markus Koehnen and published by . This book was released on 2004-01-01 with total page 481 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Oppression and Related Remedies" is the definitive one stop shop for shareholder litigation. It avoids case summaries and provides a coherent, principled analysis of the factors that lead courts to one line of cases or the other by highlighting conflicting case law and analysing it. This comprehensive guide also provides detailed analysis of burgeoning related areas such as directors' liability and takeover bid litigation.
Download or read book Report on Class Actions written by Ontario Law Reform Commission and published by Ontario : Ministry of the Attorney General. This book was released on 1982 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Social Security in Latin America written by Carmelo Mesa-Lago and published by University of Pittsburgh Pre. This book was released on 1978-11-15 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive and sophisticated study of the relationship between social security policy and inequality in Latin America. Individual case studies of Chile, Uruguay, Peru, Argentina, and Mexico are presented, that provide a historical analysis of each country's social security policy, the pressure groups involved, the present structure of the systems, and a statistical examination of the inequality among these pressure groups.
Download or read book Creditor Rights and the Public Interest written by Janis Pearl Sarra and published by . This book was released on 2003 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Creditor Rights and the Public Interest supports the greater representation of non-traditional creditors in the process of insolvency restructuring in Canada, concentrating particularly on restructuring under the federal Companies' Creditors' Arrangement Act (CCAA). Arguing in favour of the representation of such non-traditional creditors as workers, consumers, trade suppliers, and local governments, Janis Sarra describes the existing process of addressing their interests, analyzes four case studies that focus on non-creditor groups, and compares the Canadian approach to that of several other countries, such as Germany, France, and the United States. Sarra draws on a comprehensive body of academic literature that covers a broad range of issues--insolvency theory, corporate governance theory, legislative history, and bankruptcy and insolvency practice. She further surveys the relevant legislation and supplements her analysis with insights drawn from extensive primary research of court records and personal interviews with lawyers, judges, and government officials. Creditor Rights and the Public Interest ultimately illustrates the way in which the concept of the public interest can be utilized to foreground the concerns of non-traditional stakeholders. Sarra provides a coherent account of the justification for recognizing these creditors by situating insolvency law in a legal regime that realizes a duty to maximize all of the interests and investments at stake in the corporation. In an academic field where scholarship is currently scarce, Sarra's text will be a welcome contribution.
Download or read book Insuring the Industrial Revolution written by Robin Pearson and published by Taylor & Francis. This book was released on 2017-07-05 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fire had always been one of the greatest threats to an early modern British society that relied on the naked flame as the prime source of heating, lighting and cooking. Yet whilst the danger of fire had always been taken seriously, it was not until the start of the eighteenth century that a sophisticated system of insurance became widely available. Whilst a number of high profile fires during the seventeenth century had drawn attention to the economic havoc a major conflagration could wreak, it was not until the effects of sustained industrialization began to alter the economic and social balance of the nation, that fire insurance really took off as a concept. The culmination of ten years of research, this book is the definitive work on early British fire insurance. It also provides a foundation for future comparative international studies of this important financial service, and for a greater level of theorising by historians about the relationship between insurance, perceptions of risk, economic development and social change. Through a detailed study of the archives of nearly 50 English and Scottish insurance companies founded between 1696 and 1850 - virtually all the records currently available - together with the construction of many new datasets on output, performance and markets, this book presents one of the most comprehensive histories ever written of a financial service. As well as measuring the size, market structure and growth rate of insurance, and the extent to which the first industrial revolution was insured, it also demonstrates ways in which insurance can be linked into wider issues of economic and social change in Britain. These range from an examination of the joint-stock company form of organization - to an analysis of changing attitudes towards fire hazard during the course of the eighteenth century. The book concludes by emphasising the ambivalent character of fire insurance in eighteenth and early nineteenth century Britain, contrasting the industry's dynamic long-run rate of growth with its more conservative attitude to product design and diversification.
Download or read book Class Actions in Canada written by Jasminka Kalajdzic and published by . This book was released on 2019-01-15 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whatever deficits remain in the Canadian project to make justice available to all, class actions have been heralded as a success. They have been employed over the past twenty-five years to overcome barriers to justice for those who would otherwise have no recourse to the courts. First proposing a conceptualization of access to justice that moves beyond mere access to a court procedure, leading expert Jasminka Kalajdzic then methodically assesses survey data and case studies to determine how class action practice fulfills or falls short of its objectives. Class Actions in Canada is a timely exploration of the evolution of collective litigation in Canada.
Download or read book Trichier written by Alessandra Ceretto and published by Lulu.com. This book was released on with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Bank Profitability Statistical Supplement written by Organisation for Economic Co-operation and Development and published by . This book was released on 1987 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Econometrics of Individual Risk written by Christian Gourieroux and published by Princeton University Press. This book was released on 2011-07-24 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The individual risks faced by banks, insurers, and marketers are less well understood than aggregate risks such as market-price changes. But the risks incurred or carried by individual people, companies, insurance policies, or credit agreements can be just as devastating as macroevents such as share-price fluctuations. A comprehensive introduction, The Econometrics of Individual Risk is the first book to provide a complete econometric methodology for quantifying and managing this underappreciated but important variety of risk. The book presents a course in the econometric theory of individual risk illustrated by empirical examples. And, unlike other texts, it is focused entirely on solving the actual individual risk problems businesses confront today. Christian Gourieroux and Joann Jasiak emphasize the microeconometric aspect of risk analysis by extensively discussing practical problems such as retail credit scoring, credit card transaction dynamics, and profit maximization in promotional mailing. They address regulatory issues in sections on computing the minimum capital reserve for coverage of potential losses, and on the credit-risk measure CreditVar. The book will interest graduate students in economics, business, finance, and actuarial studies, as well as actuaries and financial analysts.
Download or read book Annual Review of Insolvency Law written by Janis P. Sarra and published by Carswell Legal Publications. This book was released on 2008 with total page 756 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Conflict of Laws written by Adrian Briggs and published by OUP Oxford. This book was released on 2013-04-25 with total page 1671 pages. Available in PDF, EPUB and Kindle. Book excerpt: Adrian Briggs' invaluable introduction to the study of the conflict of laws provides a survey and analysis of the rules of private international law as they apply in England. The volume covers general principles, jurisdiction, and the effect of foreign judgments; choice of law for contractual and non-contractual obligations, the private international law of property, of persons, and of corporations. It does so in a manner which explains and illuminates the principles which underpin the subject in a clear and coherent fashion, as the wealth of literature, case law, and legislation often obscures the architecture of the subject and unnecessarily complicates study. This new edition organizes its material in light of European legislation on private international law, reflecting the shift towards understanding private international law as European law with a common law background instead of common law with European legislative influences. The author's approach is focused on the law and avoids the more abstract theory; as the theory of the conflict of laws is actually to be found in and by applying the legislation and jurisprudence to the cases and issues which arise in private international litigation and legal advice.
Download or read book Introduction to Conflict of Laws written by Jean Gabriel Castel and published by . This book was released on 1978 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Bankruptcy and Insolvency Law written by Roderick J. Wood and published by Essentials of Canadian Law. This book was released on 2015 with total page 697 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the legal framework that governs bankruptcy and insolvency law in Canada. It is organized in a way that illuminates the structure of insolvency law, its aims and objectives, and its foundational principles. The book will appeal to judges, insolvency lawyers and professionals as well as to students and others new to the field.
