Challenger - Submission to the Financial System Inquiry. Issues set
... The submission presents an international comparison of pension systems to identify possible parametric changes which could improve the performance and fiscal sustainability of Australia’s post-retirement arrangements. We consider the characteristics of products currently used in Australia to deliver ...
... The submission presents an international comparison of pension systems to identify possible parametric changes which could improve the performance and fiscal sustainability of Australia’s post-retirement arrangements. We consider the characteristics of products currently used in Australia to deliver ...
![US-CT-APP-FC, [93-1 USTC ¶50,160], Ocean](http://s1.studyres.com/store/data/011384307_1-e9501f1be60d98651ed76a40dbe43c6c-300x300.png)
US-CT-APP-FC, [93-1 USTC ¶50,160], Ocean
... and its consolidated subsidiaries), Plaintiff-Appellee v. The United States, Defendant-Appellant , Business expenses: Insurance premiums: Captive insurer: Risk shifting: Premium, (Mar. 09, 1993) [93-1 USTC ¶50,160] Ocean Drilling & Exploration Company (on behalf of itself and its consolidated subsid ...
... and its consolidated subsidiaries), Plaintiff-Appellee v. The United States, Defendant-Appellant , Business expenses: Insurance premiums: Captive insurer: Risk shifting: Premium, (Mar. 09, 1993) [93-1 USTC ¶50,160] Ocean Drilling & Exploration Company (on behalf of itself and its consolidated subsid ...
Measures of Retirement Benefit Adequacy: Which, Why, for Whom
... policymakers. Policymakers should be interested in insights about how proposals relate to both minimum standards and desired post-retirement living standards. Policymakers should also be concerned about distributional effects and how policies affect retirees at different income levels. 4. In additio ...
... policymakers. Policymakers should be interested in insights about how proposals relate to both minimum standards and desired post-retirement living standards. Policymakers should also be concerned about distributional effects and how policies affect retirees at different income levels. 4. In additio ...
Effects of Business Diversification on Asset Risk-Taking
... richness of the insurance statutory data because all licensed insurers (both private and public) are required to file their statutory statements on an annual basis. By contrast, only public firms in unregulated industries are required to file annual statements. Thus, most previous diversification l ...
... richness of the insurance statutory data because all licensed insurers (both private and public) are required to file their statutory statements on an annual basis. By contrast, only public firms in unregulated industries are required to file annual statements. Thus, most previous diversification l ...
Pacific Catastrophe Risk Insurance Pilot
... program that builds on the principle of regional coordination and provides PICs with disaster risk modelling and assessment tools for enhanced disaster risk management and improved financial resilience against natural disasters and the effects of climate change. This initiative builds on close colla ...
... program that builds on the principle of regional coordination and provides PICs with disaster risk modelling and assessment tools for enhanced disaster risk management and improved financial resilience against natural disasters and the effects of climate change. This initiative builds on close colla ...
Danielsson-alumni-talk
... economic growth, outside of the GD • BIS 2014 notes that both Sweden and Switzerland have recently experienced deflation yet were also among the fastest growing economies in Europe • It notes that long–term European inflation expectations point towards inflation remaining positive in the long–term ...
... economic growth, outside of the GD • BIS 2014 notes that both Sweden and Switzerland have recently experienced deflation yet were also among the fastest growing economies in Europe • It notes that long–term European inflation expectations point towards inflation remaining positive in the long–term ...
IFRS 17 Insurance Contracts
... (a) using information that reflects only the insurer’s expectations when it entered into the insurance contracts, possibly decades previously, without subsequently updating those expectations; and/or (b) reflecting incomplete information about the current value of complex features embedded in insur ...
... (a) using information that reflects only the insurer’s expectations when it entered into the insurance contracts, possibly decades previously, without subsequently updating those expectations; and/or (b) reflecting incomplete information about the current value of complex features embedded in insur ...
system of indicators for barbados
... Disaster risk is not only associated with the occurrence of intense physical phenomenon but also with the vulnerability conditions that favour or facilitate disaster when such phenomenon occur. Vulnerability is intimately related to social processes in disaster prone areas and is usually related to ...
... Disaster risk is not only associated with the occurrence of intense physical phenomenon but also with the vulnerability conditions that favour or facilitate disaster when such phenomenon occur. Vulnerability is intimately related to social processes in disaster prone areas and is usually related to ...
Challenging traditional attitudes towards investment risk and
... Investment risk is important, but we think there are equally important risks that investors need to consider – not least the risk that they will run out of money before they die and see out their final years in hardship. We do not claim to be alone in recognising some of the issues raised here. Our ...
... Investment risk is important, but we think there are equally important risks that investors need to consider – not least the risk that they will run out of money before they die and see out their final years in hardship. We do not claim to be alone in recognising some of the issues raised here. Our ...
A Partial Internal Model for Credit and Market Risk Under Solvency II
... of a representative European-based life insurer’s balance sheet and investment portfolio as determined by Höring (2012), who created these based on several sources, e.g. statistics from regulators, insurance associations and rating agencies, as well as individual insurance companies’ annual report ...
... of a representative European-based life insurer’s balance sheet and investment portfolio as determined by Höring (2012), who created these based on several sources, e.g. statistics from regulators, insurance associations and rating agencies, as well as individual insurance companies’ annual report ...
an exploratory study of Italian listed state
... Italian SOEs. Agency Theory is particularly useful in that it encompasses the question factors which can affect risk disclosure in these complex companies. In Italy SOEs have mostly come into being in their present forms as a result of either market failure or socio-political factors or a combinatio ...
... Italian SOEs. Agency Theory is particularly useful in that it encompasses the question factors which can affect risk disclosure in these complex companies. In Italy SOEs have mostly come into being in their present forms as a result of either market failure or socio-political factors or a combinatio ...
Estimating Risk Premiums
... estimate the risk premium by looking at the historical premium earned by stocks over default-free securities over long time periods. These approaches might yield reasonable estimates in markets like the United States, with a large and diverisified stock market and a long history of returns on both s ...
... estimate the risk premium by looking at the historical premium earned by stocks over default-free securities over long time periods. These approaches might yield reasonable estimates in markets like the United States, with a large and diverisified stock market and a long history of returns on both s ...
View PDF - CiteSeerX
... (b) an exchange’s clearing firm, which has to make good on the promises to all parties of transactions being securely completed; (c) an investment manager who knows that his firm has basically given to its traders an exit option in which the strike “price” consists in being fired in the event of big ...
... (b) an exchange’s clearing firm, which has to make good on the promises to all parties of transactions being securely completed; (c) an investment manager who knows that his firm has basically given to its traders an exit option in which the strike “price” consists in being fired in the event of big ...
Coherent Measures of Risk
... (b) an exchange’s clearing firm, which has to make good on the promises to all parties of transactions being securely completed; (c) an investment manager who knows that his firm has basically given to its traders an exit option in which the strike “price” consists in being fired in the event of big ...
... (b) an exchange’s clearing firm, which has to make good on the promises to all parties of transactions being securely completed; (c) an investment manager who knows that his firm has basically given to its traders an exit option in which the strike “price” consists in being fired in the event of big ...
The cultural revolution in risk management
... approaches for understanding organizational culture. In this article, our purpose is to understand risk culture: that is, behaviors and attitudes to risk in large organizations, requiring specific tools and approaches. But first, we must clarify the concept of “culture.” The concept of culture The c ...
... approaches for understanding organizational culture. In this article, our purpose is to understand risk culture: that is, behaviors and attitudes to risk in large organizations, requiring specific tools and approaches. But first, we must clarify the concept of “culture.” The concept of culture The c ...
Q1 - Franchise Services of North America Inc.
... allowance for doubtful accounts by regularly evaluating individual customer receivables and considering a customer’s financial condition, credit history, and current economic conditions. Receivables are written off when deemed uncollectible. See Note 17 for further discussion of financial instrument ...
... allowance for doubtful accounts by regularly evaluating individual customer receivables and considering a customer’s financial condition, credit history, and current economic conditions. Receivables are written off when deemed uncollectible. See Note 17 for further discussion of financial instrument ...
Convex and coherent risk measures
... Let us know consider the case in which valuation of positions X ∈ X is based on the expected utility E[ u(X) ] for a concave and strictly increasing function u : R → R. Then a position can be called acceptable if EQ [ u(X) ] is bounded from below by u(c) for a given threshold c. The set ...
... Let us know consider the case in which valuation of positions X ∈ X is based on the expected utility E[ u(X) ] for a concave and strictly increasing function u : R → R. Then a position can be called acceptable if EQ [ u(X) ] is bounded from below by u(c) for a given threshold c. The set ...
RISK MANAGEMENT
... Shinsei Bank has identified risk management as one of its most important management issues, and the Bank has undertaken various measures to strengthen risk management frameworks. These include improvements of our various committees and further empowerment of their functions, and the establishment of ...
... Shinsei Bank has identified risk management as one of its most important management issues, and the Bank has undertaken various measures to strengthen risk management frameworks. These include improvements of our various committees and further empowerment of their functions, and the establishment of ...
Probability and Impact Rating System
... The type and extent of exposure will vary depending on the risk appetite of the entity and the nature of the products and services offered. Typically, the greater the potential to generate high returns from an activity, the more risk will be associated with that activity and the larger will be the a ...
... The type and extent of exposure will vary depending on the risk appetite of the entity and the nature of the products and services offered. Typically, the greater the potential to generate high returns from an activity, the more risk will be associated with that activity and the larger will be the a ...
Table of contents
... negotiate an insurance contract that meets the needs of a specific business enterprise ...
... negotiate an insurance contract that meets the needs of a specific business enterprise ...
Risk Transformation Aligning risk and the pursuit of
... Questions like these may be impossible to answer without an organizing point of view. This paper presents such a point of view and the business case for change. It also highlights cornerstone issues that executives and boards should consider addressing in this transformative environment. ...
... Questions like these may be impossible to answer without an organizing point of view. This paper presents such a point of view and the business case for change. It also highlights cornerstone issues that executives and boards should consider addressing in this transformative environment. ...
Research on Evaluation of Regional Innovation System Environmental Risk
... control or system reform, these will bring very big impact to development and movement of RIS. In addition, in our country, some policy and law hasn't yet be sound, one of the results is the government adopt the direct administration measure directly to interfere RIS operation, although the interven ...
... control or system reform, these will bring very big impact to development and movement of RIS. In addition, in our country, some policy and law hasn't yet be sound, one of the results is the government adopt the direct administration measure directly to interfere RIS operation, although the interven ...
FINANCIAL RISK TOLERANCE: A STATE OR A TRAIT?
... gender trait differences exist in nature, and in the outcomes of management decision involving risk. However, a re-examination of these studies and the more recent evidence on gender differences suggest that there are no significant differences in management decision making values or styles (Chagant ...
... gender trait differences exist in nature, and in the outcomes of management decision involving risk. However, a re-examination of these studies and the more recent evidence on gender differences suggest that there are no significant differences in management decision making values or styles (Chagant ...
Transition Risk Toolbox - 2° Investing Initiative
... Thank you for your interest in the Energy Transition Risk and Opportunity consortium toolbox report for quantifying transition risk in financial markets. The toolbox is designed as a guide for relevant stakeholders seeking to define the ‘tools’—scenarios, data needs, and models—required for transiti ...
... Thank you for your interest in the Energy Transition Risk and Opportunity consortium toolbox report for quantifying transition risk in financial markets. The toolbox is designed as a guide for relevant stakeholders seeking to define the ‘tools’—scenarios, data needs, and models—required for transiti ...
Actuary
An actuary is a business professional who deals with the measurement and management of risk and uncertainty (BeAnActuary 2011a). The name of the corresponding profession is actuarial science. These risks can affect both sides of the balance sheet, and require asset management, liability management, and valuation skills (BeAnActuary 2011b). Actuaries provide assessments of financial security systems, with a focus on their complexity, their mathematics, and their mechanisms (Trowbridge 1989, p. 7).While the concept of insurance dates to antiquity (Johnston 1903, §475–§476, Loan 1992, Lewin 2007, pp. 3–4), the mathematics and finance needed to scientifically measure and mitigate risks have their origins in the 17th century studies of probability and annuities (Heywood 1985). Actuaries of the 21st century require analytical skills, business knowledge, and an understanding of human behavior and information systems to design and manage programs that control risk (BeAnActuary 2011c). The actual steps needed to become an actuary are usually country-specific; however, almost all processes share a rigorous schooling or examination structure and take many years to complete (Feldblum 2001, p. 6, Institute and Faculty of Actuaries 2014).The profession has consistently ranked as one of the most desirable (Riley 2013). In various studies, being an actuary was ranked number one or two multiple times since 2010 (Thomas 2012, Weber 2013, CareerCast 2015).