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 ...
Regulatory Capital Requirements for Microinsurance in the
... vehicle insurance. Distribution is often through cooperatives, MBAs or rural banks. Agents are seldom involved in individual sales because the small commissions that would be generated are unattractive. In the past, some life insurers had written industrial business. They no longer do so, reportedly ...
... vehicle insurance. Distribution is often through cooperatives, MBAs or rural banks. Agents are seldom involved in individual sales because the small commissions that would be generated are unattractive. In the past, some life insurers had written industrial business. They no longer do so, reportedly ...
notes to the financial statements
... compared to last year especially in the gross premium income which grew significantly from Kshs 2.6 Billion in 2014 to Kshs 4.1 billion in 2015.The growth was supported by significant strides that the company is making in corporate business. Total assets grew from Kshs 2.1 Billion in 2014 to Kshs 3. ...
... compared to last year especially in the gross premium income which grew significantly from Kshs 2.6 Billion in 2014 to Kshs 4.1 billion in 2015.The growth was supported by significant strides that the company is making in corporate business. Total assets grew from Kshs 2.1 Billion in 2014 to Kshs 3. ...
View/Open
... The first case involved allowing for different lease rates. Johnson argued that there must be some risk-free alternative, thus the farmer should be able to lease his/her land. The second case involved looking at long-run diversification problem. Or in other words, the amount of land ownership can va ...
... The first case involved allowing for different lease rates. Johnson argued that there must be some risk-free alternative, thus the farmer should be able to lease his/her land. The second case involved looking at long-run diversification problem. Or in other words, the amount of land ownership can va ...
The Fundamentals of Operational Risk Management
... lawsuit that charged it with wrongfully dishonoring its irrevocable letter of credits. The New York Appellate Court ruled in favour of CalEnergy Company Inc, a global energy company that manages and owns an interest in over 5000 megawatts of power generation capability among various facilities in op ...
... lawsuit that charged it with wrongfully dishonoring its irrevocable letter of credits. The New York Appellate Court ruled in favour of CalEnergy Company Inc, a global energy company that manages and owns an interest in over 5000 megawatts of power generation capability among various facilities in op ...
Risk Management and Asset and Liability Management in Banks
... 3.1 Know your business 13. Different organizations run different risks and have different risk profiles. Further, just because an organization is in the same industry and/or uses the same products or services does not mean it has the same risk needs. Size does matter and one size does not fit all – ...
... 3.1 Know your business 13. Different organizations run different risks and have different risk profiles. Further, just because an organization is in the same industry and/or uses the same products or services does not mean it has the same risk needs. Size does matter and one size does not fit all – ...
Draft FRS 104 - Accounting Standards Council
... income or expense from reinsurance contracts against the expense or income from the related insurance contracts. ...
... income or expense from reinsurance contracts against the expense or income from the related insurance contracts. ...
DETERMINANTS OF THE DEMAND FOR LIFE INSURANCE
... Namely, do economic, demographic or institutional factors affect the demand for life insurance in transition countries? The choice of CEE countries in line with Ukraine is not accidental. The CEE region is representative for Ukrainian insurance market. Not long ago these countries were the members o ...
... Namely, do economic, demographic or institutional factors affect the demand for life insurance in transition countries? The choice of CEE countries in line with Ukraine is not accidental. The CEE region is representative for Ukrainian insurance market. Not long ago these countries were the members o ...
Africa insurance trends
... Kenya’s GDP was also rebased, from $ 4.3 billion to $53 billion for 2013, making it Africa’s ninth largest economy. A population of 44 million people, high literacy levels and GDP outlook rising from 4.6% to 5.3% make this an attractive growth market. The rising middle class and increasing urbanisat ...
... Kenya’s GDP was also rebased, from $ 4.3 billion to $53 billion for 2013, making it Africa’s ninth largest economy. A population of 44 million people, high literacy levels and GDP outlook rising from 4.6% to 5.3% make this an attractive growth market. The rising middle class and increasing urbanisat ...
Capital Adequacy in Insurance / Reinsurance
... difficulty therefore provides a significant incentive for adequate capitalization and other forms of risk management.5 Firm-specific assets arise in two main ways. First, attracting and providing cover to a new customer typically requires relatively high upfront costs, which insurers expect to recov ...
... difficulty therefore provides a significant incentive for adequate capitalization and other forms of risk management.5 Firm-specific assets arise in two main ways. First, attracting and providing cover to a new customer typically requires relatively high upfront costs, which insurers expect to recov ...
market value margin
... •They accept only those risks that they are able to properly evaluate (staying within their circle of competence) and that, after they have evaluated all relevant factors including remote loss scenarios, carry the expectancy of profit. These insurers ignore market-share considerations and are sangui ...
... •They accept only those risks that they are able to properly evaluate (staying within their circle of competence) and that, after they have evaluated all relevant factors including remote loss scenarios, carry the expectancy of profit. These insurers ignore market-share considerations and are sangui ...
1. Introduction to risk
... the systematic or concentration risk of the obligor. Credit limits aim to control risk arising from each of these factors individually. The general effect of this approach, when applied in a wellstructured and consistent manner, is to create reasonably well-diversified portfolios. However, these li ...
... the systematic or concentration risk of the obligor. Credit limits aim to control risk arising from each of these factors individually. The general effect of this approach, when applied in a wellstructured and consistent manner, is to create reasonably well-diversified portfolios. However, these li ...
IOSR Journal of Mathematics (IOSR-JM) e-ISSN: 2278-5728, p-ISSN:2319-765X.
... Expected discounted penalty function analyses the behaviour of the insurer‟s surplus. So it has always been of interest for years in mathematical insurance and many authors have been investigating on the different parameters of this function. The seminal paper by Gerber and Shiu in 1998 gave a detai ...
... Expected discounted penalty function analyses the behaviour of the insurer‟s surplus. So it has always been of interest for years in mathematical insurance and many authors have been investigating on the different parameters of this function. The seminal paper by Gerber and Shiu in 1998 gave a detai ...
SM_Ch06
... substantive factual evidence because they are based on forecasts of future economic factors. These uncertainties can be viewed as accounting risks that relate to the business risk. The auditor’s understanding of business risk can help to assess how significant such non-detectible accounting estimati ...
... substantive factual evidence because they are based on forecasts of future economic factors. These uncertainties can be viewed as accounting risks that relate to the business risk. The auditor’s understanding of business risk can help to assess how significant such non-detectible accounting estimati ...
Islamic Micro-Insurance * Micro-Takaful: Basic Exposition
... and economic sectors of an economy by minimizing risk of all economic activities, on the one hand and producing long-term financial resources, on the other hand. An efficient and productive insurance sector also indirectly contributes to economic growth of a country by converting savings into invest ...
... and economic sectors of an economy by minimizing risk of all economic activities, on the one hand and producing long-term financial resources, on the other hand. An efficient and productive insurance sector also indirectly contributes to economic growth of a country by converting savings into invest ...
The history of Fannie and Freddie points to risks from both populism
... social welfare from monopoly, depending on whether supply is more or less elastic than demand. ...
... social welfare from monopoly, depending on whether supply is more or less elastic than demand. ...
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 ...
Managing the consequences of macroeconomic and (geo
... to prevent one, especially if the bubble is held by a leveraged institution. Policy decisions should indeed take into account the type of bubble in question. If the bubble is held by retail banks, for example, this is cause for concern especially if they do not possess enough capital and liquidity. ...
... to prevent one, especially if the bubble is held by a leveraged institution. Policy decisions should indeed take into account the type of bubble in question. If the bubble is held by retail banks, for example, this is cause for concern especially if they do not possess enough capital and liquidity. ...
The Global Insurance Protection Gap
... pension gap for selected countries, the insurability of digital economy exposures (e.g. cyber security), and the huge and rapidly growing flood exposure in emerging markets, driven by population growth, urbanisation and value concentration. We would like to thank our Board Members Inga Beale, CEO, L ...
... pension gap for selected countries, the insurability of digital economy exposures (e.g. cyber security), and the huge and rapidly growing flood exposure in emerging markets, driven by population growth, urbanisation and value concentration. We would like to thank our Board Members Inga Beale, CEO, L ...
Annual Equity-Based Insurance Guarantees Conference
... Tim leads RIA in providing consultative reinsurance brokerage services that help insurance company clients better manage risks related to longevity, mortality, and guarantees to policyholders. These efforts are complemented by the company’s industry-leading experience studies of policyholder behavio ...
... Tim leads RIA in providing consultative reinsurance brokerage services that help insurance company clients better manage risks related to longevity, mortality, and guarantees to policyholders. These efforts are complemented by the company’s industry-leading experience studies of policyholder behavio ...
SAS Risk Analysis Environment
... Derivative securities offer hedging or insurance opportunities for businesses as ways to mitigate financial risks. These instruments also offer investment opportunities for the risk taker. The uses of derivatives for both hedging and trading on one’s own account provide institutions the opportunity ...
... Derivative securities offer hedging or insurance opportunities for businesses as ways to mitigate financial risks. These instruments also offer investment opportunities for the risk taker. The uses of derivatives for both hedging and trading on one’s own account provide institutions the opportunity ...
Market-Consistent Valuation of Long-Term
... In this paper, we contribute to the latter approach and evaluate portfolios of insurance contracts. We focus on the market-consistent embedded value (MCEV) methodology as proposed by the European Chief Financial Ocer Forum (see CFO Forum, 2009). Market-consistent embedded value calculations are the ...
... In this paper, we contribute to the latter approach and evaluate portfolios of insurance contracts. We focus on the market-consistent embedded value (MCEV) methodology as proposed by the European Chief Financial Ocer Forum (see CFO Forum, 2009). Market-consistent embedded value calculations are the ...
Slide 1
... approval from Bajaj FinServ Limited, Mumbai-Pune Road, Akurdi, Pune-411 035, India. Certain part of this presentation describing estimates, objectives and projections may be a “forward looking statement” within the meaning of applicable laws and regulations. Actual results might differ materially fr ...
... approval from Bajaj FinServ Limited, Mumbai-Pune Road, Akurdi, Pune-411 035, India. Certain part of this presentation describing estimates, objectives and projections may be a “forward looking statement” within the meaning of applicable laws and regulations. Actual results might differ materially fr ...
RISK MANAGEMENT
... If each asset is a factor, then an nxn covariance matrix, Ht ,is needed. LET wt be the portfolio weights on day t Then standard deviation is st wt ' H t wt And assuming normality, VaRt=-1.64 st Quality of VaR depends upon H and normality assumption. ...
... If each asset is a factor, then an nxn covariance matrix, Ht ,is needed. LET wt be the portfolio weights on day t Then standard deviation is st wt ' H t wt And assuming normality, VaRt=-1.64 st Quality of VaR depends upon H and normality assumption. ...
Diversified thinking
... focusing on naïve risk parity. Second, we explain how a risk parity approach has a bias towards low-risk asset classes and consider the likely characteristics of portfolios with large allocations to bonds. Next, we consider the wider investment beliefs and implicit assumptions that underlie risk par ...
... focusing on naïve risk parity. Second, we explain how a risk parity approach has a bias towards low-risk asset classes and consider the likely characteristics of portfolios with large allocations to bonds. Next, we consider the wider investment beliefs and implicit assumptions that underlie risk par ...
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).