Capital Management

Gaining a strategic edge through capital management - Key issues faced by the P&C (re)insurance industry
Under the pressure of regulators and capital stakeholders, capital management has now become one of the main…
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There are two competing views on how to determine capital for an insurer whose loss liabilities extend…
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This paper investigates the role of technical reserves in the income smoothing behavior of insurance companies. This…
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Based on a sample of 435 insurance companies we empirically examine the effect of capital on the…
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The European insurance sector will soon be faced with the application of Solvency 2 regulation norms. It…
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We develop a unied equilibrium model of competitive insurance markets that incorporates the demand and supply of…
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We apply Moulin’s notion of egalitarian equivalent cost sharing of a public good to the problem of…
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The Liikanen Group proposes contingent convertible (CoCo) bonds as a potential mechanism to enhance financial stability in…
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Understanding the movement of capital between insurers and affiliated companies under common ownership is important for understanding…
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Theory and empirical evidence recognize interactions between capital and risk. This paper analyzes the effect of reinsurance,…
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