Download or read book A Simulation Analysis of Capital Structure in a Property Insurance Firm written by David J. Nye and published by McGraw-Hill/Irwin. This book was released on 1975 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financial Models of Insurance Solvency written by J. David Cummins and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: The First International Conference on Insurance Solvency was held at the Wharton School, University of Pennsylvania from June 18th through June 20th, 1986. The conference was the inaugural event for Wharton's Center for Research on Risk and Insurance. In atten dance were thirty-nine representatives from Australia, Canada, France, Germany, Israel, the United Kingdom, and the United States. The papers presented at the Conference are published in two volumes, this book and a companion volume, Classical Insurance Solvency Theory, J. D. Cummins and R. A. Derrig, eds. (Norwell, MA: Kluwer Academic Publishers, 1988). The first volume presented two papers reflecting important advances in actuarial solvency theory. The current volume goes beyond the actuarial approach to encom pass papers applying the insights and techniques of financial economics. The papers fall into two groups. The first group con sists of papers that adopt an essentially actuarial or statistical ap proach to solvency modelling. These papers represent methodology advances over prior efforts at operational modelling of insurance companies. The emphasis is on cash flow analysis and many of the models incorporate investment income, inflation, taxation, and other economic variables. The papers in second group bring financial economics to bear on various aspects of solvency analysis. These papers discuss insurance applications of asset pricing models, capital structure theory, and the economic theory of agency.

Download or read book On the Capital Structure of Liability Driven Businesses written by Cynthia Van Hulle and published by . This book was released on 2017 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing risk-sharing benefits to risk-averse policy holders is a primary function of insurance companies. We model that policy holders are paying a fee over the present value of indemnifications (i.e., technical provisions) to enjoy these risk-sharing benefits. Although the traditional Modigliani-Miller logic is typically applied to study the capital structure of insurance firms, this fee implies that a capital structure largely consisting of technical provisions is optimal (i.e., value maximizing) for insurance firms, making the Modigliani-Miller logic inappropriate. However, to support the issuance of technical provisions with socially desirable properties, insurance firms choose a solvency risk target vis-à-vis policy holders and maintain a minimal surplus consistent with this risk choice to absorb losses. We show that the Modigliani-Miller logic applies to the funding of this loss-absorption capacity. This explains why insurance companies may use, next to equity and technical provisions, financial debt in supporting their activities.

Download or read book CPCU Annals written by and published by . This book was released on 1976 with total page 698 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financial Statement Analysis for Non Financial Managers written by Hoskin and published by Dog Ear Publishing. This book was released on 2011-07 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covers the following areas: overview of the P&C industry; organizational structure of P&C insurers: stock & mutual companies; value drivers in the P&C business; financial reporting requirements for P&C insurers & major financial statements; capital management; GAAP (generally accepted accounting principles) insurance accounting principles; statutory (STAT) accounting principles; rating agencies & ratio analysis. The book uses the actual GAAP and STAT financial statements of Travelers Insurance Company as well as excerpts from the A.M. Best rating report for Travelers to illustrate the concepts and analysis.--P. [4] of cover.

Download or read book Journal of the American Society of CLU ChFC written by and published by . This book was released on 1978 with total page 746 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Effect of Capital Structure and Other Variables on the Risk return Profile of a Mono line Property Insurance Company written by David James Nye and published by . This book was released on 1973 with total page 590 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Stochastic Simulation Model for Reinsurance Decision Making by Ceding Companies written by Yves Roy and published by . This book was released on 1978 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Casualty Actuarial Society Forum written by and published by . This book was released on 1993 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Decision Theoretic Approach to Insurance Ratemaking written by Leonard R. Freifelder and published by . This book was released on 1976 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book CLU Journal written by and published by . This book was released on 1977 with total page 704 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Generalized Hierarchial sic Goal Decomposition Model of Resource Allocation Within a University written by Julian Lincoln Simon and published by . This book was released on 1980 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Income Measures Ownership Capacity Ratios and the Dividend Decision of the Non life Insurance Industry written by Cheng F. Lee and published by . This book was released on 1980 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Insurance Company Finance and Investments written by Alan Gart and published by . This book was released on 1994 with total page 540 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Business Information written by Van Mayros and published by Chilton Book Company. This book was released on 1983 with total page 506 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Insurance and Issues in Financial Soundness written by Nigel Davies and published by International Monetary Fund. This book was released on 2003-07-01 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 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.

Download or read book Catalog of Copyright Entries Third Series written by Library of Congress. Copyright Office and published by Copyright Office, Library of Congress. This book was released on 1977 with total page 1482 pages. Available in PDF, EPUB and Kindle. Book excerpt: