Political Uncertainty and Risk Premia - USI - ECO
... We also show that the announcement returns depend on the economic conditions. For example, if the old policy is retained in good economic conditions, the stock market reaction is weak because this policy choice is largely anticipated by the investors. In contrast, a policy change in good economic co ...
... We also show that the announcement returns depend on the economic conditions. For example, if the old policy is retained in good economic conditions, the stock market reaction is weak because this policy choice is largely anticipated by the investors. In contrast, a policy change in good economic co ...
Allocation of Policyholder Consideration in Mutual Life Insurance
... In the past decade, an increasing number of mutual life insurance companies have converted to stock life insurance companies, sometimes including the formation of a mutual holding company. Demutualizations present important actuarial issues, including the preservation of reasonable policyholder divi ...
... In the past decade, an increasing number of mutual life insurance companies have converted to stock life insurance companies, sometimes including the formation of a mutual holding company. Demutualizations present important actuarial issues, including the preservation of reasonable policyholder divi ...
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... for property/casualty insurance underwriting operations has been the subject of increasing scrutiny over the last several decades among both academics and insurance practitioners. The five percent target underwriting profit margin promulgated by the National Convention of Insurance Commissioners in ...
... for property/casualty insurance underwriting operations has been the subject of increasing scrutiny over the last several decades among both academics and insurance practitioners. The five percent target underwriting profit margin promulgated by the National Convention of Insurance Commissioners in ...
Globalization versus market protection: effects on the
... Dr. Yilmaz Akyüz, former Director of Division on Globalization and Development Strategies at United Nations Conference on Trade and Development (UNCTAD) ...
... Dr. Yilmaz Akyüz, former Director of Division on Globalization and Development Strategies at United Nations Conference on Trade and Development (UNCTAD) ...
Monetary Policy in Deflation: The Liquidity Trap in History and Practice
... the role of monetary policy during that episode. With inflation becoming the norm in the industrialized world following World War II, monetary policy in a deflationary environment largely remained the subject of historical inquiries. But the liquidity trap debate re-emerged in relation to developmen ...
... the role of monetary policy during that episode. With inflation becoming the norm in the industrialized world following World War II, monetary policy in a deflationary environment largely remained the subject of historical inquiries. But the liquidity trap debate re-emerged in relation to developmen ...
article - Federal Reserve Bank of Richmond
... That’s been a difficult task in recent years, with both political parties expressing dissatisfaction with various aspects of the Fed’s response to the financial crisis and Great Recession. Reform proposals have been wide-ranging, including subjecting monetary policy to government audits; requiring t ...
... That’s been a difficult task in recent years, with both political parties expressing dissatisfaction with various aspects of the Fed’s response to the financial crisis and Great Recession. Reform proposals have been wide-ranging, including subjecting monetary policy to government audits; requiring t ...
Pricing Flood Insurance - Resources for the Future
... The premium discounts and subsidies given to certain groups of policyholders are the best-known way in which NFIP pricing differs from what a private insurer would charge. Currently, two major groups of policies receive rates that are lower than FEMA full risk rates would indicate: pre-FIRM discount ...
... The premium discounts and subsidies given to certain groups of policyholders are the best-known way in which NFIP pricing differs from what a private insurer would charge. Currently, two major groups of policies receive rates that are lower than FEMA full risk rates would indicate: pre-FIRM discount ...
PCI White Paper | True Market-Risk Rates for Flood Insurance
... levels: (1) “full-risk rates” intended to cover administrative costs and expected annual flood losses; and (2) “subsidized rates” primarily for high-risk properties built before flood maps were issued for such properties or for coverage begun before 1975, whichever is later. Following the Congressio ...
... levels: (1) “full-risk rates” intended to cover administrative costs and expected annual flood losses; and (2) “subsidized rates” primarily for high-risk properties built before flood maps were issued for such properties or for coverage begun before 1975, whichever is later. Following the Congressio ...
Global Insurance Market Opportunities - Thought Leadership
... competitor behavior, and understanding what it takes to ...
... competitor behavior, and understanding what it takes to ...
Full Report
... The level of “estimated damages” depends on several factors, including the length of the associated class periods and the stock market volatility during the relevant time period. In 2014, on average, the class period length was not substantially different than prior years. However, the volatility of ...
... The level of “estimated damages” depends on several factors, including the length of the associated class periods and the stock market volatility during the relevant time period. In 2014, on average, the class period length was not substantially different than prior years. However, the volatility of ...
Accelerated Death Benefit for Long-Term Care Rider and Extension
... available on TransLegacy Universal Life contracts, underwritten by Transamerica Life Insurance Company, Home Office, Cedar Rapids, Iowa. Forms vary by state, and benefits may differ in some states. Coverage is not available in all jurisdictions. ...
... available on TransLegacy Universal Life contracts, underwritten by Transamerica Life Insurance Company, Home Office, Cedar Rapids, Iowa. Forms vary by state, and benefits may differ in some states. Coverage is not available in all jurisdictions. ...
UNISDR Case Study Report
... and sharing risk and experience in loss prevention, insurance facilitates the resistance, absorption, accommodation, and recovery from the effects of a hazard in a timely manner, including reconstruction of a society’s essential basic infrastructures. II. Public policy issues can facilitate insuranc ...
... and sharing risk and experience in loss prevention, insurance facilitates the resistance, absorption, accommodation, and recovery from the effects of a hazard in a timely manner, including reconstruction of a society’s essential basic infrastructures. II. Public policy issues can facilitate insuranc ...
Economi versus Regulatory Capital
... merge, which has resulted in a few large financial conglomerates. Similar large financial groups have also emerged in other countries, albeit in more limited numbers. Owing to their size, the larger institutions are of major importance for financial stability, prompting question of whether or not th ...
... merge, which has resulted in a few large financial conglomerates. Similar large financial groups have also emerged in other countries, albeit in more limited numbers. Owing to their size, the larger institutions are of major importance for financial stability, prompting question of whether or not th ...
LIQUIDITY PAPER v4 - Institute and Faculty of Actuaries
... Listed bonds and equities can usually be sold quickly to raise cash, but the price attained will depend on the type of security and the amount sold, both in absolute terms and as a proportion of the total issue of that particular security. Listed asset prices are usually quoted on the basis of a cer ...
... Listed bonds and equities can usually be sold quickly to raise cash, but the price attained will depend on the type of security and the amount sold, both in absolute terms and as a proportion of the total issue of that particular security. Listed asset prices are usually quoted on the basis of a cer ...
1Q14 - Investors
... In connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, we provide the following cautionary remarks regarding important risks and uncertainties which, among others, could cause our actual results to differ materially from our expectations, including t ...
... In connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, we provide the following cautionary remarks regarding important risks and uncertainties which, among others, could cause our actual results to differ materially from our expectations, including t ...
Insurance Liabilities - International Actuarial Association
... The timing and size of cash flows associated with the liability for an insurance contract typically involves both uncertainty and a long time horizon. The expertise of an actuary includes the assessment of the relatively complicated expected values of these liabilities, incorporating the various ris ...
... The timing and size of cash flows associated with the liability for an insurance contract typically involves both uncertainty and a long time horizon. The expertise of an actuary includes the assessment of the relatively complicated expected values of these liabilities, incorporating the various ris ...
Table of contents
... monthly basis by contributing a regular monthly payment into the scheme. This makes unit trusts an ideal investment vehicle for private individuals who may wish to invest small amounts on a regular basis. The individual investor funds are pooled with those of other investors, and these funds are inv ...
... monthly basis by contributing a regular monthly payment into the scheme. This makes unit trusts an ideal investment vehicle for private individuals who may wish to invest small amounts on a regular basis. The individual investor funds are pooled with those of other investors, and these funds are inv ...
Regulating Systemic Risk - NYU Stern School of Business
... Each financial institution would be required to take out insurance against its own losses during a general crisis (i.e., against its MES). The price of this insurance would be set by the private insurance industry. If losses take place, the payment does not go to the financial institution, but to ...
... Each financial institution would be required to take out insurance against its own losses during a general crisis (i.e., against its MES). The price of this insurance would be set by the private insurance industry. If losses take place, the payment does not go to the financial institution, but to ...
Recovery and Resolution Planning for Systemically Important Insurers:
... underwriting skills and are dominated by a small number of firms with high market shares. If one of those firms were to fail and to cease underwriting, other market participants might be unable to assume the failing insurer’s market role and, thus, coverage might become temporarily unavailable. Abse ...
... underwriting skills and are dominated by a small number of firms with high market shares. If one of those firms were to fail and to cease underwriting, other market participants might be unable to assume the failing insurer’s market role and, thus, coverage might become temporarily unavailable. Abse ...
The Global Insurance Protection Gap
... finance, despite the fact that, arguably, it is one of the most vital elements of personal finance. Against this backdrop, financial literacy education and the acquisition of basic financial planning skills facilitate the identification of insurance gaps and can help families maximise their longer-t ...
... finance, despite the fact that, arguably, it is one of the most vital elements of personal finance. Against this backdrop, financial literacy education and the acquisition of basic financial planning skills facilitate the identification of insurance gaps and can help families maximise their longer-t ...
Securities Trading Policy
... This Policy helps ensure that Best Buy and its employees comply with federal, state and foreign securities laws and maintain the highest principles of business ethics. Unlawful occurs when a person uses Material Nonpublic Information obtained through their employment or other involvement with a comp ...
... This Policy helps ensure that Best Buy and its employees comply with federal, state and foreign securities laws and maintain the highest principles of business ethics. Unlawful occurs when a person uses Material Nonpublic Information obtained through their employment or other involvement with a comp ...
Systemic Risk: A New Trade-off for Monetary Policy?
... as leverage. As a benchmark we also compare the optimal interest rate policy result against a simple targeted macroprudential rule where a time-varying tax (subsidy) is levied on …nancial intermediaries according to leverage being above (below) its unconditional mean. The …ndings of our analysis can ...
... as leverage. As a benchmark we also compare the optimal interest rate policy result against a simple targeted macroprudential rule where a time-varying tax (subsidy) is levied on …nancial intermediaries according to leverage being above (below) its unconditional mean. The …ndings of our analysis can ...
How Effective are Monetary Policy Signals in India: Evidence from a
... long end of the yield curve. They also examined the relationship between changes in interest rates and future changes in the target, but found little evidence that the target rate changes was anticipated. However, for the period 1987-1995, Roley and Sellon (1995) found that although the bond rate in ...
... long end of the yield curve. They also examined the relationship between changes in interest rates and future changes in the target, but found little evidence that the target rate changes was anticipated. However, for the period 1987-1995, Roley and Sellon (1995) found that although the bond rate in ...
dividend policy, signal information for the capital market
... defines the distribution of net profit by destination (for dividends or reinvestment), but with the development of the economic environment, there were new options so that financial management must respond to new questions about the decision to distribute cash dividends or buying back shares, ordina ...
... defines the distribution of net profit by destination (for dividends or reinvestment), but with the development of the economic environment, there were new options so that financial management must respond to new questions about the decision to distribute cash dividends or buying back shares, ordina ...
Mensch tracht, und Gott lacht
... about the impact of monetary policy: since interest rates have been at such exceptionally low levels for so long there is unusual uncertainty about how the return towards more usual levels will affect the economy. The third source of uncertainty is how fast the economy grows in the absence of moneta ...
... about the impact of monetary policy: since interest rates have been at such exceptionally low levels for so long there is unusual uncertainty about how the return towards more usual levels will affect the economy. The third source of uncertainty is how fast the economy grows in the absence of moneta ...