Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Accounting Standards And Insurer Solvency Assessment
Download Accounting Standards And Insurer Solvency Assessment full books in PDF, epub, and Kindle. Read online Accounting Standards And Insurer Solvency Assessment ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis Accounting Standards and Insurer Solvency Assessment by : Peter Windsor
Download or read book Accounting Standards and Insurer Solvency Assessment written by Peter Windsor and published by . This book was released on 2020-07-31 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper explores the use of accounting standards for insurer solvency assessment in the context of the implementation of IFRS 17. The paper is based on the results of a survey of 20 insurance supervisors. Overall, IFRS 17 is a welcome development but there will be challenges of implementation. Not many insurance supervisors currently intend to use IFRS 17 as a basis for solvency assessment of insurers. Perceived shortcomings can be overcome by supervisors providing clear specifications where the principles-based standard allows a range of approaches. Accounting standards can provide a ready-made valuation framework for supervisors developing new solvency frameworks.
Book Synopsis On the Measurement of Solvency of Insurance Companies by : Craig Thorburn
Download or read book On the Measurement of Solvency of Insurance Companies written by Craig Thorburn and published by World Bank Publications. This book was released on 2004 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Accounting Standards and Insurer Solvency Assessment by : Michelle Chong-Tai Bell
Download or read book Accounting Standards and Insurer Solvency Assessment written by Michelle Chong-Tai Bell and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Fair Value of Insurance Business by : Irwin T. Vanderhoof
Download or read book The Fair Value of Insurance Business written by Irwin T. Vanderhoof and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: Insurance companies, as well as banks and thrift institutions, have traditionally reported assets and liabilities on the basis of their amortized cost, or book value. But following the turmoil in securities markets due to highly volatile interest rate fluctuations in the 1980s and the early 1990s, and problems caused by inadequate liquidity, in the mid-1990s the Financial Accounting Standards Board (FASB) issued a new ruling calling for financial intermediaries to report the fair, or market, value of most assets. Called FAS 115, this new standard is the first step in the eventual change to valuing all the assets and liabilities belonging to financial intermediaries under the fair value accounting method. Thus, these changes will pose tremendous future implications for three key business measures of a financial intermediary: Solvency: if the fair values of assets and liabilities are out-of-step, then healthy companies may report negative net worth and insolvent companies may appear to be in sound financial condition. Reported Earnings: if the fair values of assets and liabilities are out of step, then reported earnings will not accurately represent the financial operations of the company. Risk Management: FASB recently postponed the implementation of its new rules on accounting for the use of derivatives instruments. However, if the final set of rules for figuring the fair value of derivatives is not carefully crafted, it may be possible that companies prudently hedging their risks are subject to penalties in their financial reports, while companies taking greater risks appear to have less volatile financial performance. Compared to banks and other financial intermediaries, life insurance companies have the longest term and most complex liabilities, and hence the new FASB requirement poses the most severe challenges to the life insurance industry. The lessons learned from the debate among life insurance academics and professionals about how respond to the fair value reporting rule will be instructive to their counterparts in other sectors of the insurance industry, as well as those involved with other financial institutions. Of particular note are the two papers which comprise Part III. The first provides examples of the fair valuing of annuity contracts, while the second offers examples of the fair valuing of term insurance products. As the papers collected in The Fair Value of Insurance Business extend and update some of the issues treated in a previous Salomon Center conference volume, The Fair Value of Insurance Liabilities, this new volume may be viewed as a companion to the earlier book.
Book Synopsis Insurance Regulation by : United States. General Accounting Office
Download or read book Insurance Regulation written by United States. General Accounting Office and published by . This book was released on 1989 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Policy Issues in Insurance Assessing the Solvency of Insurance Companies by : OECD
Download or read book Policy Issues in Insurance Assessing the Solvency of Insurance Companies written by OECD and published by OECD Publishing. This book was released on 2003-07-23 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents an in-depth analysis on the assessment and the management of the major technical and financial risks insurance companies have to face.
Download or read book Solvency written by Arne Sandstrom and published by CRC Press. This book was released on 2005-09-19 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: Until now there were no published analyses of the recent solvency work conducted in Europe, specifically the risk categories proposed by the International Actuarial Association (IAA). Answering the insurance industry's demand in the wake of the EU Solvency II project, Solvency: Models, Assessment and Regulation provides a concrete summary and review of solvency and inspires additional work in the field. Following an introduction to the concept, the first section of the book provides a historical review of solvency, detailing solvency regulation and accounting within the EU. A review of the steps leading to Solvency II looks at accounting, supervision, the actuarial field, the first phase of Solvency II, international approaches to banking, and the solvency systems of 12 major nations. The second section explores the current basis for solvency modeling, focusing on the valuation of assets and liabilities, dependency and various conservative approaches, as well as a baseline and benchmark approach. This section also provides examples of risk structure and the effects of diversification. The final section discusses groups and internal modeling as it relates to EU Solvency II. It addresses insurance groups, financial conglomerates, reinsurance, the importance of internal modeling and stress testing, and the current state of the second phase of EU Solvency II.
Author :International Monetary Fund. Monetary and Capital Markets Department Publisher :International Monetary Fund ISBN 13 :1484370570 Total Pages :67 pages Book Rating :4.4/5 (843 download)
Book Synopsis France by : International Monetary Fund. Monetary and Capital Markets Department
Download or read book France written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2013-07-01 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses key findings of the Detailed Assessment of Observance of Insurance Core Principles for France. The assessment reveals that insurance regulation and supervision are still predominantly carried out using a Solvency I approach. The insurance sector remained resilient through the recent global financial crisis. A thorough approach to assessing insurer technical provisions and their coverage by admissible assets has led to financially sound insurers. Individual French insurance companies have not needed any government or industry support.
Author :United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust, Monopolies, and Business Rights Publisher : ISBN 13 : Total Pages :466 pages Book Rating :4.0/5 (13 download)
Book Synopsis Insurance Company Solvency by : United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust, Monopolies, and Business Rights
Download or read book Insurance Company Solvency written by United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust, Monopolies, and Business Rights and published by . This book was released on 1991 with total page 466 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Amendment to FRS 3 reporting financial performance: insurance companies by : Accounting Standards Board
Download or read book Amendment to FRS 3 reporting financial performance: insurance companies written by Accounting Standards Board and published by . This book was released on 1999 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Insurance Contracts by : International Accounting Standards Board
Download or read book Insurance Contracts written by International Accounting Standards Board and published by . This book was released on 2003 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis IFRS 4 Insurance Contracts by : International Accounting Standards Board
Download or read book IFRS 4 Insurance Contracts written by International Accounting Standards Board and published by . This book was released on 2004 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Germany by : International Monetary Fund
Download or read book Germany written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-09-02 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Insurance regulation and supervision is of a high standard, and most of the enhancements suggested have been put in place. Further enhancements will be required, in the context of the forthcoming introduction of Solvency II requirements, in such areas as the frequency of onsite inspections, the enhancement of resources, and stability analysis. The government acknowledges the need to continue to develop supervisory capacity. Most of the requirements and supervisory tools, which are in use for the supervision of primary insurers, are also applied to the reinsurers.
Book Synopsis Revised Guidance on Implementing IFRS 4 Insurance Contracts by : International Accounting Standards Board
Download or read book Revised Guidance on Implementing IFRS 4 Insurance Contracts written by International Accounting Standards Board and published by . This book was released on 2005 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Macroprudential Solvency Stress Testing of the Insurance Sector by : Mr.Andreas A. Jobst
Download or read book Macroprudential Solvency Stress Testing of the Insurance Sector written by Mr.Andreas A. Jobst and published by International Monetary Fund. This book was released on 2014-07-22 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last decade, stress testing has become a central aspect of the Fund’s bilateral and multilateral surveillance work. Recently, more emphasis has also been placed on the role of insurance for financial stability analysis. This paper reviews the current state of system-wide solvency stress tests for insurance based on a comparative review of national practices and the experiences from Fund’s FSAP program with the aim of providing practical guidelines for the coherent and consistent implementation of such exercises. The paper also offers recommendations on improving the current insurance stress testing approaches and presentation of results.
Book Synopsis IFRS 4 Insurance Contracts by : International Accounting Standards Board
Download or read book IFRS 4 Insurance Contracts written by International Accounting Standards Board and published by . This book was released on 2004 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Solvency II. A comparison of the standard model with internal models to calculate the Solvency Capital Requirements (SCR) by : Shahrok Shedari
Download or read book Solvency II. A comparison of the standard model with internal models to calculate the Solvency Capital Requirements (SCR) written by Shahrok Shedari and published by GRIN Verlag. This book was released on 2016-09-14 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2015 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: -, University of Frankfurt (Main), language: English, abstract: The Solvency II Directive, which will come into effect from January 2016, is a very important project of the European insurance industry. It will set new rules to the European insurance business. Because of being the biggest insurance market of the world - European insurers generate more than € 1,100 bn p.a. and invest around € 8,600 bn in the economy - the new directive will also act as a signal for the worldwide regulation of insurance companies. So it is also intended to have a framework, which is in line with the international developments in solvency, risk management, supervisory and accounting. After 15 years of planning and development the regulation is now implemented step-by-step. The aim of the EU Solvency II Directive is to prevent insurers from becoming insolvent. For this purpose, among other things, a uniform capital adequacy for all European insurance companies is provided. Core of the proposed amendments with respect to the investment is that eligible capital at any time must be higher than the calculated risk. One of the main parts of the Solvency II project is the determination of the capital requirements. The idea is to asses both the assets and the liabilities with the aim of a more realistic modelling and assessments of the risk to which an insurer may be exposed to. The solvency capital requirements (SCR) for an one year horizon is then calculated on the 99.5% Value-at-Risk. The determined SCR answers the question how much capital is required today to cover losses, which may occur during the next 12 months, with a probability of 99.5%. For the calculation of the SCR the insurer can choose between standard model, internal models or a hybrid model. Since internal models allow a better assessment of the companies risk than the standard model, insurers are encouraged to implement such stochastic internal models. But the implementation of internal model is as well costly as sophisticated. That is why the European Commission with support of the Committee of Insurance and Occupational Pension Supervisors (CEIOPS) has established a scenario based standard model. The standard model defines in a first step different sub modules (e.g. market risk, operational risk) for which the capital requirements are calculated. The different SCR’s are “then aggregated under the assumption of a multivariate normal distribution with prespecified correlation matrices to allow for diversification effects”. [...]
