- Autor
- Bijak Wojciech (Szkoła Główna Handlowa w Warszawie)
- Tytuł
- Extended Solvency Margin as a Measure of the Insolvency Risk of Life Insurance Companies
- Źródło
- Roczniki Kolegium Analiz Ekonomicznych / Szkoła Główna Handlowa, 2007, nr 17, s. 247-266, tab., bibliogr. 18 poz.
- Tytuł własny numeru
- Discovering patterns in economic data
- Słowa kluczowe
- Nadzór ubezpieczeniowy, Towarzystwa ubezpieczeniowe
Insurance supervision, Insurance company - Uwagi
- summ.
- Abstrakt
- The article describes models used to determine the insolvency risk of life insurance companies. This paper gives a presentation of the solvency margin, and the concept of the extended solvency margin. It further describes the concept of a scale of safety, which allows the risk of an insurance company to be expressed in terms of capital requirement. A method is presentedfor assessing the extended solvency margin (ESM). The risk of insolvency is analysed in an annual time perspective. The theoretical discussion is illustrated with empirical examples derived from life insurance companies operating as joint stock companies in Poland in the period 1995-2003.(original abstract)
- Dostępne w
- Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka SGH im. Profesora Andrzeja Grodka
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
Biblioteka Główna Uniwersytetu Ekonomicznego we Wrocławiu - Bibliografia
-
- Bijak, W., K. Bijak, 2004. Dynamiczna analiza wypłacalności zakładów ubezpieczeń na podstawie danych publicznych: badanie empiryczne zakładów ubezpieczeń nie na życie działających w Polsce. Bank i Kredyt, 10, pp. 80-88.
- Bijak, W. 2005. Miary zagrożenia niewypłacalnością zakładów ubezpieczeń, Roczniki Kolegium Analiz Ekonomicznych fasc. 14/2005, SGH, pp. 77-101.
- Bijak, W. 2006.Rozszerzony margines wypłacalności jako miara zagrożenia niewypłacalnością zakładów ubezpieczeń nie na życie in W. Ostasiewicz, ed. "Statystyka Aktuarialna - stan i perspektywy rozwoju w Polsce", Wyd. AE we Wrocławiu, Wrocław, pp. 17 - 33.
- CEIOPS-DOC-03/05 "Answers to the European Commission on the 'first wave' of Calls for Advice in the framework of the Solvency II project", June 2005.
- First Council Directive (73/239/EEC) of 24 July 1973 on the coordination of laws, Regulations and administrative provisions relating to the taking-up and pursuit of the business of direct insurance other than life assurance (OJ L 228, 16.8.1973, p.3).
- First Council Directive 79/267/EEC of 5 March 1979 on the coordination of laws, regulations and administrative provisions relating to the taking up and pursuit of the business of direct life assurance (OJ L 63,13.3.1979, p. 1).
- Directive 2002/12/EC of the European Parliament and of the Council of 5 March 2002 amending Council Directive 79/267/EEC as regards the solvency margin requirements for life assurance undertakings (OJ L 77, 20.3.2002, p. 11).
- Directive 2002/13/EC of the European Parliament and of the Council of 5 March 2002 amending Council Directive 73/239/EEC as regards the solvency margin requirements for non-life insurance undertakings (OJ L 77, 20.3.2002, p. 17).
- Directive 2002/83/EC of the European Parliament and of the Council of 5 November 2002 concerning life assurance (OJ L 345, 19.12.2002, p. 1).
- Gerber H. 1997. Life Insurance Mathematics, Springer-Verlag, Berlin, Heidelberg, New York.
- Kastelijn, W. M., J. C. M. Remmerswaal, 1986. Solvency, Surveys of Actuarial Studies No 3, Nationale-Nederlanden. NV.
- European Commission, document MARKT/2509/03. Design of a future prudential supervisory system in the EU. Note of 3 March 2003.
- The Ordinance of the Minister of Finance of 14 December 1990 on the determining of own funds and of the manner of calculating of solvency margin and minimum amount of guarantee capital for each type of insurance and reinsurance operations, Journal of Laws of 1990 No. 89, item 525. (in Polish).
- The Ordinance of the Minister of Finance of 17 October 1995 on the manner of calculating of solvency margin and minimum amount of guarantee capital for each type of insurance and reinsurance operations, Journal of Laws of 1995 No. 127, item 606. (in Polish).
- The Ordinance of the Minister of Finance of November 28, 2003 on calculation method of solvency margin and minimum amount of guarantee fundfor insurance branches and classes,- Journal of Laws of 2003 No. 211, item 2060 (in Polish).
- Ryan, J.P., P.R. Archer-Lock, A.J. Czemuszewicz, N.R Gillott, P.H. Hinton, D. Iberson, S.A. Malde, D. Paul, N. Shah, 2001. Financial Condition Assessment. Institute of Actuaries and Faculty of Actuaries. Presented to the Institute of Actuaries, March 2001.
- Sandstrom A., 2006. Solvency - Models, Assessment and Regulation, Chapman & Hall/CRC Taylor & Francis Group.
- SharmaP. (chairman), 2002. Prudential Supervision of Insurance Undertakings. Report of the Conference of the Insurance Supervisory Services of the Member States of the European Union.
- Cytowane przez
- ISSN
- 1232-4671
- Język
- eng
