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Journal articles on the topic 'Solvency of the insurer and insurance market'

Author: Grafiati

Published: 30 May 2022

Last updated: 31 July 2025

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1

Isailović, Miloje, Dejan Drljača, and Jelena Vitomir. "Concentration of capital on the insurance market and solvency assumption." Megatrend revija 19, no. 3 (2022): 61–88. http://dx.doi.org/10.5937/megrev2203061i.

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The subject of this paper is the analysis of the concentration of capital on the insurance market in the Republic of Serbia and the identification of critical points in the analysis of insolvency of insurers. The necessity of economic and social protection of the interests of insured persons in conditions when the business of insurance companies is objectively exposed to a large number of risks can be achieved only if insurance companies meet extremely strict solvency requirements. In addition to the requirements for the adequacy of recognized liabilities and capital adequacy requirements, ins

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2

Lezgovko, Aleksandra, and Lastauskas Povilas Povilas. "Expansion of Insurance Business: Theoretical Aspects and Assumptions of Market Development." Business: Theory and Practice 9, no. (2) (2008): 125–36. https://doi.org/10.3846/1648-0627.2008.9.125-136.

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The nowadays insurance, although still having its own essential purpose, has a lot of differences in comparison with the predecessors, which have been mostly determined by the change in technologies, insurer`s demands and assurer`s opportunities. Purposes of this article is to review and highlight such problems, typical of the insurance market, as asymmetric information, adverse selection, conditional commissions, development level of insurance market, the main measures, defining the state of insurance, significance of intermediators in the process of selling. One of the ways of problems solut

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3

KHUSANOV, DURBEK NISHONOVICH*. "Directions for Improving the Investment Potential of Insurance Companies." Euro Afro Studies International Journal, (EASIJ.COM), 3, no. 5 (2021): 115–21. https://doi.org/10.5281/zenodo.4891148.

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This article examines the investment potential of insurance companies, methods of their formation and factors that directly affect the formation of the investment potential of the insurer. Identified direct and indirect indicators of investment potential and the classification of factors affecting them. One of the leading places in the management of the insurance business is given to the problems of financial stability and solvency of insurance companies. Control and estimating the financial condition is important both for an individual insurance company and for the insurance market as a whole

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4

Rangu, Călin Mihail, Leonardo Badea, Robert W. McGee, Mircea Constantin Șcheau, and Valentin Radu. "Ethical Benefits and Challenges in Insurance: Framework of Introducing Pillar IV Regulation to Solvency II." European Journal of Sustainable Development 13, no. 3 (2024): 450. http://dx.doi.org/10.14207/ejsd.2024.v13n3p450.

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The paper delves into the concept of Pillar IV, which addresses the recovery, resolution, and orderly exit from the insurance market within the framework of Solvency II - an essential tool for insurers' supervision. While Solvency II has undoubtedly reduced the risk of insolvency for insurers, it hasn't eliminated it. Therefore, this research aims to conduct a comparative analysis of various market models and proposals from authorities to come up with the best possible solutions for recovery stages, mechanisms to be implemented in the case of economic non-viability of the insurer, and resoluti

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Vilenchuk, Oleksandr M., Dmytro I. Dema, and Nataliia O. Kurovska. "Modern Approaches to Prudential Regulation in the Insurance Market of Ukraine." PROBLEMS OF ECONOMY 2, no. 52 (2022): 132–39. http://dx.doi.org/10.32983/2222-0712-2022-2-132-139.

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The article reflects modern approaches to the organization and implementation of prudential regulation in the sphere of insurance. From a scientific point, the expediency of taking the State regulatory measures to increase the business activity of participants in the insurance process and enhance the financial capacity of companies to fulfill their contractual obligations is specified. The article is aimed at a theoretical-methodological substantiation of prudential regulation processes in the insurance market of Ukraine. In the course of the research, a rather positive dynamics of the develop

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6

Varnell, E. M. "Economic Scenario Generators and Solvency II." British Actuarial Journal 16, no. 1 (2011): 121–59. http://dx.doi.org/10.1017/s1357321711000079.

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AbstractThe Solvency II Directive mandates insurance firms to value their assets and liabilities using market consistent valuation. For many types of insurance business Economic Scenario Generators (ESGs) are the only practical way to determine the market consistent value of liabilities. The directive also allows insurance companies to use an internal model to calculate their solvency capital requirement. In particular, this includes use of ESG models. Regardless of whether an insurer chooses to use an internal model, Economic Scenario Generators will be the only practical way of valuing many

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7

Hardy, M. R. "Simulating the Relative Solvency of Life Insurers." British Actuarial Journal 2, no. 4 (1996): 1003–19. http://dx.doi.org/10.1017/s1357321700004815.

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ABSTRACTIn this paper a stochastic model office offering UK-style life insurance contracts is used to demonstrate the effect on relative solvency of different investment and bonus strategies. Relative solvency is defined loosely as the probability that an individual insurer does not fall significantly out of line with the rest of the life insurance market, in terms of, for example, asset liability ratios, or payouts to with-profit policyholders. The model uses the Wilkie investment model, extended to incorporate variation between companies in equity performance.

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Lagnai, T., G. Otgonsuren, and S. Rentsendorj. "EVALUATION OF FINANCIAL STABILITY OF THE INSURANCE SECTOR IN MONGOLIA." Прогрессивная экономика, no. 2 (February 21, 2025): 73–83. https://doi.org/10.54861/27131211_2025_02_73.

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Introduction: Insurance activity is defined as the obligation of an insurer to compensate for losses or provide an agreed indemnity in the event of an insured incident, as stipulated by the Insurance Law of Mongolia. Recent amendments to this law and the Law on Public and Local Government Property Procurement in 2022 expanded insurers’ roles, allowing them to issue guarantees and sureties beyond contracting entities. The financial stability of insurance companies is a critical factor in ensuring their ability to meet financial obligations and maintain market confidence. In Mongolia, the insura

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9

Pawlak, Natalia, Piotr Oskar Czechowski, Tomasz Czuba, Aneta Oniszczuk-Jastrząbek, and Artur Badyda. "Business insurances as an element of sustainable development of small and medium enterprises in Poland." SHS Web of Conferences 57 (2018): 01024. http://dx.doi.org/10.1051/shsconf/20185701024.

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The SME sector in Poland constitutes over 90% of all business entities. It is a broad market for insurance products. The choice of the insurer by these entrepreneurs is conditioned by several factors, including a beneficial image of the insurer, security in terms of its solvency, an attractive amount of the insurance premium or a wide insurance offer. The data comes from the study "SME finance 2015 - Insurance services market". Two research hypotheses were made for the purposes of the analysis. The first one assumes that the analysed factors are important when choosing the insurer by the SMEs.

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10

Kucherivska, Sofiia. "COMPETITIVE ADVANTAGES OF INSURANCE COMPANIES IN THE NEW ECONOMY." Scientific Notes of Ostroh Academy National University, "Economics" Series 1, no. 32(60) (2024): 24–28. http://dx.doi.org/10.25264/2311-5149-2024-32(60)-24-28.

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The article is devoted to researching the competition of insurance companies, determining their competitive advantages in the conditions of the expansion of the spectrum of financial services thanks to FinTech, InsurTech, and general digitalization of business processes. The essence of competition and its importance for the main participants of the insurance market: insurers, policyholders, and the state are revealed. The main factors determining the competition of insurers are the specificity of insurance as a financial service, a high level of state regulation, the complexity of insurance op

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Iankova Natchkova, Maia. "ANALYSIS OF THE POSSIBILITIES FOR HEALTH INSURERS TO DEVELOP NEW HEALTH INSURANCES IN CONDITIONS OF A COVID-19 PANDEMIC." KNOWLEDGE - International Journal 47, no. 1 (2021): 117–22. http://dx.doi.org/10.35120/kij4701117i.

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The pursuit of the activity of health insurers under the conditions of global economic and health crisis due to the announced COVID-19 pandemic, of severe competition, of globalization and continuous commitment to achieve high yields from the administration of the funds of health insurers, creates conditions and prerequisites to develop new health insurances. As a result of the announced COVID-19 pandemic, health insurers are facing a serious hazard related to the liabilities they have undertaken under the health insurances. There is a large-scale occurrence of the risk assumed by health insur

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Yukhumenko, V. "INSOLVENCY OF INSURANCE COMPANIES IN UKRAINE: DETECTION AND PROGNOSTICATION." Innovative Solution in Modern Science 5, no. 41 (2020): 73. http://dx.doi.org/10.26886/2414-634x.5(41)2020.6.

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The paper demonstrates the results of research on the problems of insurance company insolvency. The outcomes describe the basic principles of detection and using the early warning system in Ukraine. The paper shows the necessity to reorganize the basic principles of the detection of local insolvent insurers. The study also determines the groups of persons who are directly or indirectly interested in the insurer's solvency assessment. This work presents the system of insurance companies' insolvency indicators, which help to identify insolvency at the early stages. The paper distinguishes precau

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Sid, Meriem, Ismail Bengana, Khaled Mili, Nourredine Khababa, and Mohammed Soufiane Benmoussa. "Evaluating Solvency II Implementation in Emerging Markets: A Quantitative Analysis of Algeria's Alliance Insurance Company (2017-2021)." Journal of Posthumanism 5, no. 5 (2025): 4305–26. https://doi.org/10.63332/joph.v5i5.1906.

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This study provides a comprehensive assessment of Solvency II quantitative requirements and their application in an emerging market context, focusing on Alliance Insurance Company, one of Algeria's leading insurers. Using a longitudinal analysis spanning 2017-2021, we evaluate the company's financial stability against international standards through rigorous calculation of Solvency Capital Requirements (SCR) and Minimum Capital Requirements (MCR). The research addresses a critical gap in understanding how European regulatory frameworks can be adapted to North African insurance markets. Our fin

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14

Poufinas, Thomas, and Evangelia Siopi. "Investment Portfolio Allocation and Insurance Solvency: New Evidence from Insurance Groups in the Era of Solvency II." Risks 12, no. 12 (2024): 191. https://doi.org/10.3390/risks12120191.

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This study examines the effect of the investment portfolio structure on insurers’ solvency, as measured by the Solvency Capital Requirement ratio. An empirical sample of 88 EU-based insurance groups was analyzed to provide robust evidence of the portfolio’s impact on the Solvency Capital Requirement ratio from 2016 to 2022. Linear regression and supervised machine learning models, particularly extra trees regression, were used to predict the solvency ratios, with the latter outperforming the former. The investigation was supplemented with panel data analysis. Firm-specific factors, including,

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15

Jalali Naini, Seyed Gholamreza, and Hamid Reza Nouralizadeh. "A Two-Stage DEA to Analyze the Effect of Entrance Deregulation on Iranian Insurers: A Robust Approach." Mathematical Problems in Engineering 2012 (2012): 1–24. http://dx.doi.org/10.1155/2012/423524.

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We use two-stage data envelopment analysis (DEA) model to analyze the effects ofentrance deregulationon the efficiency in the Iranian insurance market. In the first stage, we propose arobust optimizationapproach in order to overcome the sensitivity of DEA results to any uncertainty in the output parameters. Hence, the efficiency of each ongoing insurer is estimated using our proposed robust DEA model. The insurers are then ranked based on their relative efficiency scores for an eight-year period from 2003 to 2010. In the second stage, a comprehensive statistical analysis usinggeneralized estim

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16

Istrate, Costin, and Dumitru Badea. "Financial management of insurance companies in the context of the new regime Solvency II." Proceedings of the International Conference on Business Excellence 11, no. 1 (2017): 625–36. http://dx.doi.org/10.1515/picbe-2017-0067.

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Abstract The new solvency regime Solvency II represents a solid and harmonized prudential framework applicable by insurance companies in the European area. Solvency II was implemented in the European Union by adopting Directives 2009/138/EC respectively 2014/51/EU, replacing existing directives regulating solvency former regime, known as Solvency I. Thus, the new European legislation in insurance, applicable from 1 January 2016, was aimed at unifying the main European insurance market and ensuring consumer protection. The responsible authority at EU level with the implementation of the new sol

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17

Aleksieienko, Inna, and Tetiana Kazadaieva. "Methodical aspects of analysis and risk management of an insurance company." Technology audit and production reserves 5, no. 4(79) (2024): 13–18. http://dx.doi.org/10.15587/2706-5448.2024.314391.

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The object of research is the risks of the insurance company. The paper is devoted to the study of the risks of the insurance company, which generate threats to the level of its solvency. The general state of economic development in general and the insurance market in particular determine the operating conditions of any insurer. The insurance company's ability to regulate such conditions is limited, but the formation of a stable state of the internal environment creates opportunities to adapt to threats from the external environment. Timely detection of potential risks in the activities of the

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18

Vaynshtok, Natalia. "Insurance as a factor affecting the effectiveness of the financial mechanism of the governing structures." MATEC Web of Conferences 170 (2018): 01114. http://dx.doi.org/10.1051/matecconf/201817001114.

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The article analyzes the activities of the managing development structures of the construction industry. The conditions for the development of modern market relations require the mobilization of all external and internal resources of the management structures. For this purpose, a system of financial mechanism has been developed, the most important element in the financial relations of which is insurance. The study presents insurance objects, defines types of insurance contracts, identifies guarantees for ensuring financial sustainability. The experts are offered a formula for the actual margin

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19

Rudkovskii, A. "THE ROLE OF PRUDENTIAL SUPERVISION IN THE FIELD OF INSURANCE SUPERVISION IN UKRAINE." Bulletin of Taras Shevchenko National University of Kyiv. Legal Studies, no. 112 (2020): 43–48. http://dx.doi.org/10.17721/1728-2195/2020/1.112-8.

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The article investigates the current state of the insurance market in Ukraine and the history of its formation. The existing problems that hinder the progressive development of the market and attract investment are considered. Attention is paid to the latest legislative state regulation of financial services markets (banking and non-banking) by one regulator (NBU) and the expediency of its introduction in the non-banking financial sector and its further role. The main levers by which Ukraine will be able to obtain a financial system that meets international standards have been identified. The

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Baldacchino, Aaron, Simon Grima, and Kiran Sood. "The Principle of Proportionality: Unraveling the Practical Application of Proportionality in the EU Regulations and the Solvency II Directive for Insurance Undertakings." Journal of Risk and Financial Management 17, no. 6 (2024): 233. http://dx.doi.org/10.3390/jrfm17060233.

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Proportionality, pivotal to EU regulations and Solvency II, tailors rules to insurers’ size and complexity. Inconsistent application by supervisory authorities (NSAs) necessitates clarity to prevent undue costs. This study examines the issue via a review of the literature and industry discussions, emphasizing Solvency II’s introduction of proportionality and the varied interpretations it evokes. Transparent communication is crucial, and regulatory evolution must align with market dynamics, with the European Insurance and Occupational Pensions Authority (EIOPA) fostering convergence. Assessing

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21

Lezgovko, Aleksandra. "Financial Reinsurance: the Effective Tool of Insurance Company's Stability Management." Business: Theory and Practice 8, no. (2) (2007): 112–18. https://doi.org/10.3846/btp.2007.17.

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Financial reinsurance has been chosen as an object of the article, as one of the kinds of reinsurance security. The author's object of research is theoretical substantiation and problems of practical realization of financial reinsurance operations. In the eighties of the last century, the trend of incorporation of insurance companies showed up, and as a consequence of this global process, their receptivity increased, and that provided companies with the opportunity to sustain or leave the great share of risks for themselves. Due to that, the demand for insurers' reinsurance decreased, and this

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Drymalovska, K. V., and R. O. Kyryliuk. "The Main Features of the Modern World Market of Insurance Services." Business Inform 4, no. 519 (2021): 36–41. http://dx.doi.org/10.32983/2222-4459-2021-4-36-41.

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As competition in international and national markets intensifies, it is important to create a system to protect economic actors from potential threats and adverse factors. To solve these issues, it is necessary to ensure the effective functioning of the insurance market, which is one of the important components of financial security. Without the developed insurance market, it will be impossible to ensure the social and economic progress of the country, its corporate security, welfare etc. The current state of the world insurance market has certain features, which makes it possible to adapt to

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Marković, Milo. "Challenges for Serbia's insurance market on the path to solvency II." Tokovi osiguranja 40, no. 2 (2024): 333–90. http://dx.doi.org/10.5937/tokosig2402333m.

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Insurance and reinsurance companies face a wider range of risks than just those associated with insurance itself. The experience of the European insurance market reveals that several solvency issues in insurance companies stem from risks not directly related to insurance, but rather from market-related factors such as counterparty problems or internal failures like poorly organized processes and employee errors. The realization that solvency, a crucial indicator in which the majority of stakeholders are interested, is influenced by a wide array of risks prompted the transition from Solvency I

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Sukach, Olena, and Svitlana Kozlovska. "Insurance Market Risk Management." Modern Economics 25, no. 1 (2021): 142–47. http://dx.doi.org/10.31521/modecon.v25(2021)-22.

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Abstract. Introduction. The modern insurance market is characterized by a negative trend of reduction of companies-participants of the market. This situation is associated with a number of factors: crisis phenomena in the economy, a decrease in solvent demand, increased risks, growth of unprofitability of the insurance sector, regulatory work of the state. Рurpose. The main purpose of the study is to analyze the domestic insurance market, to identify modern methods and approaches to risk management in the market. The research methodology is based on modern provisions of statistical and economi

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Ghafory-Ashtiany, Mohsen, and Hooman Motamed. "Earthquake insurance in Iran: solvency of local insurers in light of current market practices." Natural Hazards and Earth System Sciences 24, no. 8 (2024): 2707–26. http://dx.doi.org/10.5194/nhess-24-2707-2024.

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Abstract. Owing to its geographical position within one of the most seismically active zones globally, Iran has experienced numerous historically impactful earthquakes. To finance a part of these losses and reconstruction expenses, earthquake insurance has been offered as a rider on fire insurance policies by Iranian insurers. This mechanism, if operated well, can substantially contribute to disaster risk management. On the other hand, if the pricing and management of catastrophe risk lack sound, risk-modeling-based practices, it might add to the problems and act to the detriment of disaster r

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Tošić, Iva. "The Impact of the Solvency II Directive on the Insurance Sector in Europe // Uticaj direktive solventnost II na sektor osiguranja u Evropi." Годишњак факултета правних наука - АПЕИРОН 7, no. 7 (2017): 301. http://dx.doi.org/10.7251/gfp1707301t.

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Solvency of insurance companies, its conservation, regulation and control is the basis for the healthy functioning of the insurance market. Solvency is an indicator of stability and security of the companies, as well as the guarantor of execution of obligations. The Solvency II Directive was adopted on 25th of November 2009. She announced big changes in the insurance and reinsurance law, both EU member countries and non-member countries, when it comes to the solvency of the company. The main reason for the adoption of the new directive is strengthening of the integrated market in insurance and

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Harapko, Serhiy S. "The Peculiarities of Ensuring the Security of the Insurance Market in the Conditions of Martial Law." Business Inform 6, no. 545 (2023): 57–62. http://dx.doi.org/10.32983/2222-4459-2023-6-57-62.

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The article is aimed at illuminating the essence, significance and peculiarities of ensuring the security of the insurance market under martial law. It is proved that the security of the insurance market is an integral characteristic of the state and level of financial solvency, reliability of insurance companies, their provision with resources and the latest services, which determines the possibilities of effective functioning and inclusive development in conditions of minimization of existing risks, threats and dangers. A systematization of factors influencing the security of the insurance m

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Kovova, Iryna, Olha Shpyrko, and Daryna Kivalo. "FINANCIAL MANAGEMENT IN INSURANCE COMPANIES." Collection of scientific research papers State University of Infrastructure and Technologies Section “Economics and Management”, no. 54 (December 15, 2023): 43–52. http://dx.doi.org/10.32703/2664-2964-2023-54-43-52.

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The role of financial management in insurance companies is becoming increasingly important, as insurance companies strive to respond to the uncertainty and instability of business conditions caused by military aggression, a sharp reduction in consumer and solvent demand, as well as to meet regulatory requirements that are undergoing transformation. The article examines the main reasons for the relevance of increasing attention to the theoretical and practicalresearch of financial management issues at insurers. The authors systematized the process of financial management in insurance companies,

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Chakraborty, Joy, and Sankarshan Basu. "Investment Portfolio Performances of Public Sector General Insurance Firms in India: An Empirical Approach." Business Perspectives and Research 6, no. 1 (2017): 61–75. http://dx.doi.org/10.1177/2278533717734701.

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Deregulation of the Indian insurance sector has witnessed the rise of private players in the Indian general insurance sector post-1999. Though the four major public sector general insurers still continue to dominate the Indian general insurance market, an abrupt rise in the number of private players has raised concerns upon the solvency position of the public sector general insurance companies in safeguarding their policyholders’ interests. The major reason for this concern could be attributed to the existing investment portfolios of the general insurance firms, the impact of which has been fe

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SVYRYDA, O. "Characteristic features of the operation of the insurance market of Ukraine in the conditions of martial law." Scientific Bulletin of the National Academy of Statistics, Accounting and Audit, no. 3-4 (December 31, 2022): 104–11. http://dx.doi.org/10.31767/nasoa.3-4-2022.11.

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The purpose of the article is to analyze the current state of the insurance market of Ukraine and highlight the peculiarities of its functioning. The relevance of the research is driven by the changes in the structure and functioning mechanisms of this market, associated with the introduction of a new model of its regulation. The article defines the essence of the insurance market and its main functions. The current state of the insurance market of Ukraine was reviewed, the main indicators of its development were analyzed with the determination of the reasons for their changes for the pe

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Wu, Shuang, and Yi Li. "Impact of the Business Structure on Solvency of Property-Liability Insurance Companies and Its Mediating Effect." Discrete Dynamics in Nature and Society 2021 (August 9, 2021): 1–17. http://dx.doi.org/10.1155/2021/5457846.

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It is an important objective for insurers to optimize their business structures to prevent business risks. This paper examines the solvency risk management in property-liability insurance companies from the perspective of business structure optimization. We construct a logical framework to explain the impact of the business structure on solvency through profitability and reinsurance behavior of property-liability insurance companies. By constructing a mediating effect model, we tested 35 Chinese-funded property-liability insurance companies and 18 foreign-funded property-liability insurance co

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Tsvetkova, Lyudmila. "Dynamic Maintenance of Solvency of the Russian Insurance Companies: the Evidence from Russian Insurers." Journal of Corporate Finance Research / Корпоративные Финансы | ISSN: 2073-0438 17, no. 2 (2023): 85–94. http://dx.doi.org/10.17323/j.jcfr.2073-0438.17.2.2023.85-94.

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The Russian economy is facing sanctions pressure, resulting in weakening business relations with foreign insurers. Medium-sized insurance companies, targeting regional economic entities, play a crucial role in the insurance market. To improve the efficiency of Russian insurance, the number of medium-sized companies operating in regional markets must increase. To regulate their capitalization, special conditions must be developed, focusing on capital adequacy requirements and financial stability parameters. While earlier research has examined what factors might impact profitability growth, the

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Brydun, Ihor. "Ways of preserving investment activity of insurance companies during martime." Ekonomìka ì prognozuvannâ 2022, no. 2 (2022): 29–52. http://dx.doi.org/10.15407/eip2022.02.029.

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The article analyzes the key indicators of domestic insurance companies and assesses the state of the insurance market in Ukraine in the pre-war period. An analysis of innovations in the insurance market regulation system of Ukraine was carried out, namely the adoption of the Law of Ukraine "On Amendments to Certain Legislative Acts to Improve Functions on State Regulation of Financial Services Markets" and the Law of Ukraine "On Insurance". The dynamics of insurance companies' activity in the insurance market of Ukraine in the pre-war period and during the war is studied. The analysis of dire

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Brydun, Ihor. "Ways of preserving investment activity of insurance companies during martime." Economy and forecasting 2022, no. 2 (2022): 25–46. http://dx.doi.org/10.15407/econforecast2022.02.025.

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The article analyzes the key indicators of domestic insurance companies and assesses the state of the insurance market in Ukraine in the pre-war period. An analysis of innovations in the insurance market regulation system of Ukraine was carried out, namely the adoption of the Law of Ukraine "On Amendments to Certain Legislative Acts to Improve Functions on State Regulation of Financial Services Markets" and the Law of Ukraine "On Insurance". The dynamics of insurance companies' activity in the insurance market of Ukraine in the pre-war period and during the war is studied. The analysis of dire

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IGNATYUK, Anzhela, and Antonina SHOLOIKO. "SECURITY OF UKRAINE’S INSURANCE MARKET UNDER FINANCIAL GLOBALIZATION: THREATS AND DIRECTIONS OF REGULATION." Economy of Ukraine 2019, no. 4 (2019): 18–28. http://dx.doi.org/10.15407/economyukr.2019.04.018.

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The main purpose of any insurance market is to ensure the continuity of the production process and the formation of sources of investment resources for the development of the country’s economy. However, in a context of financial globalization, this function can be unrealized due to the increased vulnerability of insurance markets to the impact of global crisis and capital outflow through the processes of mergers and acquisitions of insurance companies, foreign investments, international reinsurance, etc. This generates threats to the security of Ukraine’s insurance market. And hence, the purpo

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Boyle, Phelim, and Mary Hardy. "Guaranteed Annuity Options." ASTIN Bulletin 33, no. 02 (2003): 125–52. http://dx.doi.org/10.2143/ast.33.2.503687.

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Under a guaranteed annuity option, an insurer guarantees to convert a policyholder's accumulated funds to a life annuity at a fixed rate when the policy matures. If the annuity rates provided under the guarantee are more beneficial to the policyholder than the prevailing rates in the market the insurer has to make up the difference. Such guarantees are common in many US tax sheltered insurance products. These guarantees were popular in UK retirement savings contracts issued in the 1970's and 1980's when long-term interest rates were high. At that time, the options were very far out of the mone

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Boyle, Phelim, and Mary Hardy. "Guaranteed Annuity Options." ASTIN Bulletin 33, no. 2 (2003): 125–52. http://dx.doi.org/10.1017/s0515036100013404.

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Under a guaranteed annuity option, an insurer guarantees to convert a policyholder's accumulated funds to a life annuity at a fixed rate when the policy matures. If the annuity rates provided under the guarantee are more beneficial to the policyholder than the prevailing rates in the market the insurer has to make up the difference. Such guarantees are common in many US tax sheltered insurance products. These guarantees were popular in UK retirement savings contracts issued in the 1970's and 1980's when long-term interest rates were high. At that time, the options were very far out of the mone

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Vávrová, Eva. "Solvency II approach to the risk management in commercial insurance companies." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 58, no. 3 (2010): 261–70. http://dx.doi.org/10.11118/actaun201058030261.

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In the year 2001, the European Comission started to revise the legislation Solvency I and to implement a new approach called Solvency II. The regulation called Solvency II is based on regulation considering management of risks of commercial insurance companies. Changes on financial markets and the contemporary financial crisis made financial authorities to formulate principles of regulation based on risk management. Commercial insurance companies across Europe will face a considerable amount of work to be ready for requirements related with Solvency II implementation in the year 2012. Rating a

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SYDORCHUK, Ivanna. "CURRENT STATE OF DEVELOPMENT OF THE INSURANCE MARKET IN UKRAINE." Herald of Khmelnytskyi National University 302, no. 1 (2022): 130–33. http://dx.doi.org/10.31891/2307-5740-2022-302-1-21.

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The given statistical data show that the interest of Ukrainians in insurance and the level of financial literacy of the population is growing, trust in insurance services is increasing. However, the crisis related to the COVID-19 pandemic and the economic crisis in 2020 continued to have a moderate impact on insurers. Insurers’ insurance premiums reported to the National Bank maintained an upward trend, but the increase was halved. The problematic consequences of the pandemic for insurers are: reduction of the share of insurance premiums for aviation insurance and property insurance; reducing

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Szaniewski, Daniel. "Investment Activities of Polish Insurance Companies Before and After Solvency II." Foundations of Management 13, no. 1 (2021): 229–42. http://dx.doi.org/10.2478/fman-2021-0018.

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Abstract Insurance companies operate in a turbulent, constantly changing environment. The insurance market plays an important role in the economy. On the one hand, it is characterized by the dynamic development of services based on new technologies and distribution channels, and on the other hand, it is subject to transformations related to changes in the scope of conducting insurance activities – including new legal regulations – and has to counter global challenges, such as the crisis which started in 2007 on the American financial market. In such realities, insurers must manage their invest

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Blackburn, Craig, Katja Hanewald, Annamaria Olivieri, and Michael Sherris. "LONGEVITY RISK MANAGEMENT AND SHAREHOLDER VALUE FOR A LIFE ANNUITY BUSINESS." ASTIN Bulletin 47, no. 1 (2016): 43–77. http://dx.doi.org/10.1017/asb.2016.32.

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AbstractThe life annuity business is heavily exposed to longevity risk. Risk transfer solutions are not yet fully developed, and when available they are expensive. A significant part of the risk must therefore be retained by the life insurer. So far, most of the research work on longevity risk has been mainly concerned with capital requirements and specific risk transfer solutions. However, the impact of longevity risk on shareholder value also deserves attention. While it is commonly accepted that a market-consistent valuation should be performed in this respect, the definition of a fair shar

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Aldukhova, E. V. "Quantitative Market Risk Assessment for Insurance Companies." Finance: Theory and Practice 26, no. 4 (2022): 109–23. http://dx.doi.org/10.26794/2587-5671-2022-26-4-109-123.

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The business strategy, the underwriting policy, the investment strategy of insurance companies and some external factors influence their ability to meet liabilities. The risk management mechanism, based on regulatory requirements and the best expertise, should allow to identify and assess all significant risks, including the market risk. The purpose of this research is comparing the European and Russian regulatory requirements for capital calculation for market risks of insurance companies. The methodological base is the comparison analysis of different capital calculation approaches for inter

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Kondratenko, D. V., and V. V. Hromakova. "The Factors of Influence on the Development of Voluntary Health Insurance." Business Inform 4, no. 519 (2021): 243–49. http://dx.doi.org/10.32983/2222-4459-2021-4-243-249.

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The article is aimed at studying the theoretical and practical aspects of factors influencing the development of voluntary health insurance (VHI) in Ukraine. The place and indicators of development of the health insurance market in Ukraine for 2012-2019 are researched. The dynamics of health insurance market indicators based on the amount of gross insurance premiums and payments is analyzed; it is proved that voluntary health insurance (continuous health insurance) is characterized by growth during the last five years. The factors that significantly influenced the development of the market and

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Carvalho, Bruno Domingues Ramos de, and João Vinícius de França Carvalho. "A stochastic approach for measuring the uncertainty of claims reserves." Revista Contabilidade & Finanças 30, no. 81 (2019): 409–24. http://dx.doi.org/10.1590/1808-057x201907860.

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ABSTRACT This paper aims to obtain metrics for quantifying the variability of technical provisions for claims by making use of deterministic and stochastic models. In short, everything that the traditional methods do not provide (measures of variability and capital insufficiency) are of fundamental importance for efficient actuarial management. The proposed methodology reveals the probability of insufficiency of the allocated capital to cover the commitments assumed by the insurer. In order to maintain resources to cover the indemnities payable to the insured, insurance companies include techn

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MAIDANYK, Yehor. "Integration of European legislative practices in risk management and solvency in the domestic insurance industry." Economics. Finances. Law 1/2024, no. - (2024): 50–55. http://dx.doi.org/10.37634/efp.2024.1.10.

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The insurance industry of Ukraine is on the verge of significant changes associated with the integration processes into the European legal framework. It has been identified that the adaptation of domestic insurance legislation to EU Directives requires insurers to form solvency capital, taking into account the minimum capital requirements, and implement a risk-oriented approach in managing their activities. It is noted that there is a need for a gradual implementation of the legislative norms of the European Union presented in the Solvency II Directive into the domestic legislation. This is be

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KNEYSLER, Olga, Natalia SPASIV, and Iryna HUZELA. "CONCEPTUAL PRINCIPLES OF STATE REGULATION OF THE INSURANCE MARKET." WORLD OF FINANCE, no. 3(76) (2024): 49–63. http://dx.doi.org/10.35774/sf2023.03.049.

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Introduction. In modern conditions of functioning of the national system of insurance relations in the context of impact of new threats and challenges due to the open military aggression of Russia, new pragmatic principles of state formation are being formed and the scientific basis of state regulation of the insurance market is being rethought. Accordingly, the problems of the transformation of the insurance market in the perspective of the formation of the conceptual foundations of its state regulation in modern conditions become particularly relevantin order to ensure the guarantees of reli

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Нововић, Милијана, та Милан Лакићевић. "Европска регулатива тржишта осигурања – изазови имплементације у Црној Гори // European regulation of insurance market – challenges of the implementation in Montenegro". ACTA ECONOMICA 11, № 18 (2013): 169. http://dx.doi.org/10.7251/ace1318169n.

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Резиме: Тржишна позиција и конкурентска предност црногорских осигуравача на интегрисаном тржишту осигурања, може се одржати унапређењем професионализма, уважавањем потреба осигураника, јачањем финансијског капацитета у циљу преузимања великих ризика, увођењем софистицираних производа осигурања, као и прилагођавањем пословања конкурентској стратегији глобалног тржишта.Имплементација одредби европског законодавства за област осигурања у циљу интеграције црногорског у европско тржиште, представља велики изазов за све тржишне субјекте. Имајући у виду величину и специфичности црногорског тржишта, н

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Bakhmatov, Sergey, and Tatyana Kolesnikova. "The Current State and Growth Potential of Voluntary Health Insurance Market in Russia." Baikal Research Journal 14, no. 4 (2023): 1332–45. http://dx.doi.org/10.17150/2411-6262.2023.14(4).1332-1345.

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In the article the authors consider the current state of voluntary health insurance (VHI) in Russia and assess the factors of influence its further development using general theoretical and statistical methods. Significant influence of the corporate sector on the VHI market was substantiated. It has been found that VHI, being a market product, depends significantly on demand and supply. In particular, VHI depends from the solvency of insured persons and inflation fluctuations where the increase in the cost of paid health care is of particular importance. Years of pandemics and geopolitical phe

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Marzai Abliz, Elda. "The impact of lending on bancassurance activity." Proceedings of the International Conference on Business Excellence 13, no. 1 (2019): 171–81. http://dx.doi.org/10.2478/picbe-2019-0016.

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Abstract Due to financial crisis, and especially because of prudence in lending (retail, micro, and corporate), banks are looking for new sources of income, and bancasurance is clearly a potential source of revenue. Thus, in the financial market, the interests of two major components of it are met: banks maximize commission income, and insurers make access to the large customer base of banks. Bancassurance is a distribution channel of insurance products through bank branches, bringing important advantages for banks, insurance companies and customers. The main advantage for the bank is that ear

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Maheshe, Crispin Bukanga, and Mabela Makengo Matendo Rostin. "Optimal Reinsurance for the Solvency of Automobile Portfolio: Application to Sub-Saharan Africa." InPrime: Indonesian Journal of Pure and Applied Mathematics 6, no. 2 (2024): 124–34. https://doi.org/10.15408/inprime.v6i2.38325.

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This paper examines actuarial strategies to maintain the solvency of automobile insurance portfolios in sub-Saharan Africa, where motor insurance is mandatory and a significant revenue source, representing approximately 60% of total premiums in the CIMA (the Inter-African Conference on Insurance Markets) region. Poorly managed auto insurance portfolios risk pushing insurers toward insolvency, necessitating proactive financial measures. The study evaluates a priori and a posteriori pricing methods, concluding that neither approach alone sufficiently mitigates solvency risks due to the portfolio

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