Asset liability management and underwriting cycles: three essays on property-liability insurance companies
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Abschlussarbeit Buch |
| Sprache: | English |
| Veröffentlicht: |
2007
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| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XII, 152 S. graph. Darst. |
Internformat
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| 245 | 1 | 0 | |a Asset liability management and underwriting cycles |b three essays on property-liability insurance companies |c von Thomas Berry-Stölzle |
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Datensatz im Suchindex
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| adam_text | Contents
Preface iii
1 Introduction 1
1.1 Asset Liability Management in Illiquid Markets 2
1.2 Underwriting Cycles 10
2 Evaluating Liquidation Strategies for Insurance Companies 15
Abstract : 15
2.1 Introduction 16
2.2 Model 21
2.3 Optimization Procedure 27
2.4 Liquidation Strategies in Illiquid Markets 33
2.5 Liquidation Strategies for Different Business Lines 40
2.6 Conclusion 45
3 The Impact of Illiquidity on the Asset Management of Insurance
Companies 47
Abstract 47
3.1 Introduction 48
3.2 Model 55
3.3 Numerical Results 63
3.3.1 The Optimization Procedure 65
i
ii CONTENTS
3.3.2 Optimal Liquidation Strategies 66
3.3.3 Optimal Asset Allocation 69
3.3.4 Stability of Results 73
3.4 Implications for Asset Management 74
3.5 Conclusion 80
4 The Effect of Regulation on Underwriting Cycles: the Case of
Germany 83
Abstract 83
4.1 Introduction 84
4.2 Conceptual Background 88
4.3 The German Insurance Market and its Regulation 92
4.3.1 Insurance Regulation before July 1994 93
4.3.2 Deregulation of the Insurance Industry 99
4.4 Data and Methodology 101
4.4.1 Data 101
4.4.2 Methodology 107
4.5 Results 116
4.5.1 Structural Breaks 116
4.5.2 Analysis of Factors Influencing Underwriting Cycles .... 120
4.6 Conclusion 125
Appendix 127
|
| adam_txt |
Contents
Preface iii
1 Introduction 1
1.1 Asset Liability Management in Illiquid Markets 2
1.2 Underwriting Cycles 10
2 Evaluating Liquidation Strategies for Insurance Companies 15
Abstract : 15
2.1 Introduction 16
2.2 Model 21
2.3 Optimization Procedure 27
2.4 Liquidation Strategies in Illiquid Markets 33
2.5 Liquidation Strategies for Different Business Lines 40
2.6 Conclusion 45
3 The Impact of Illiquidity on the Asset Management of Insurance
Companies 47
Abstract 47
3.1 Introduction 48
3.2 Model 55
3.3 Numerical Results 63
3.3.1 The Optimization Procedure 65
i
ii CONTENTS
3.3.2 Optimal Liquidation Strategies 66
3.3.3 Optimal Asset Allocation 69
3.3.4 Stability of Results 73
3.4 Implications for Asset Management 74
3.5 Conclusion 80
4 The Effect of Regulation on Underwriting Cycles: the Case of
Germany 83
Abstract 83
4.1 Introduction 84
4.2 Conceptual Background 88
4.3 The German Insurance Market and its Regulation 92
4.3.1 Insurance Regulation before July 1994 93
4.3.2 Deregulation of the Insurance Industry 99
4.4 Data and Methodology 101
4.4.1 Data 101
4.4.2 Methodology 107
4.5 Results 116
4.5.1 Structural Breaks 116
4.5.2 Analysis of Factors Influencing Underwriting Cycles . 120
4.6 Conclusion 125
Appendix 127 |
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| spelling | Berry-Stölzle, Thomas Verfasser aut Asset liability management and underwriting cycles three essays on property-liability insurance companies von Thomas Berry-Stölzle 2007 XII, 152 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Köln, Univ., Diss., 2007 Versicherungsprämie (DE-588)4063198-9 gnd rswk-swf Haftpflichtversicherung (DE-588)4022895-2 gnd rswk-swf Regulierung (DE-588)4201190-5 gnd rswk-swf Schwankungsrückstellung (DE-588)4344539-1 gnd rswk-swf Deutschland (DE-588)4011882-4 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Deutschland (DE-588)4011882-4 g Haftpflichtversicherung (DE-588)4022895-2 s Regulierung (DE-588)4201190-5 s Versicherungsprämie (DE-588)4063198-9 s Schwankungsrückstellung (DE-588)4344539-1 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=015985588&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Berry-Stölzle, Thomas Asset liability management and underwriting cycles three essays on property-liability insurance companies Versicherungsprämie (DE-588)4063198-9 gnd Haftpflichtversicherung (DE-588)4022895-2 gnd Regulierung (DE-588)4201190-5 gnd Schwankungsrückstellung (DE-588)4344539-1 gnd |
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| title | Asset liability management and underwriting cycles three essays on property-liability insurance companies |
| title_auth | Asset liability management and underwriting cycles three essays on property-liability insurance companies |
| title_exact_search | Asset liability management and underwriting cycles three essays on property-liability insurance companies |
| title_exact_search_txtP | Asset liability management and underwriting cycles three essays on property-liability insurance companies |
| title_full | Asset liability management and underwriting cycles three essays on property-liability insurance companies von Thomas Berry-Stölzle |
| title_fullStr | Asset liability management and underwriting cycles three essays on property-liability insurance companies von Thomas Berry-Stölzle |
| title_full_unstemmed | Asset liability management and underwriting cycles three essays on property-liability insurance companies von Thomas Berry-Stölzle |
| title_short | Asset liability management and underwriting cycles |
| title_sort | asset liability management and underwriting cycles three essays on property liability insurance companies |
| title_sub | three essays on property-liability insurance companies |
| topic | Versicherungsprämie (DE-588)4063198-9 gnd Haftpflichtversicherung (DE-588)4022895-2 gnd Regulierung (DE-588)4201190-5 gnd Schwankungsrückstellung (DE-588)4344539-1 gnd |
| topic_facet | Versicherungsprämie Haftpflichtversicherung Regulierung Schwankungsrückstellung Deutschland Hochschulschrift |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=015985588&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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