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The Insurance Performance Measure
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Book Synopsis The Insurance Performance Measure by : Calandro, Jr. (Joseph)
Download or read book The Insurance Performance Measure written by Calandro, Jr. (Joseph) and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The property and casualty insurance industry has historically focused on the underwriting or combined ratio as the primary measure of operating performance. Many dramatic changes have occurred in this industry and its operating environment over the past thirty years, which have moderated the importance of the underwriting ratio. An alternative performance measurement system, the Insurance Performance Measure (IPM), is presented and illustrated. The IPM integrates all areas Pamp;C operating activity into a measure more comprehensive (and economic) that the underwriting ratio.
Book Synopsis Assembling the Puzzle by : Calandro, Jr. (Joseph)
Download or read book Assembling the Puzzle written by Calandro, Jr. (Joseph) and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The property and casualty insurance industry has historically focused on the underwriting or combined ratio as the measure of performance. Many dramatic changes have occurred in the industry and its operating environment over the past 30 years, however. These changes may have altered some of the assumptions regarding the use of the underwriting ratio. An alternative performance measurement system, the Insurance Performance Measure, is presented and illustrated.
Book Synopsis Why the Property and Casualty Insurance Industry Needs a New Performance Measure by : Calandro, Jr. (Joseph)
Download or read book Why the Property and Casualty Insurance Industry Needs a New Performance Measure written by Calandro, Jr. (Joseph) and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The property and casualty insurance industry has historically focused on the underwriting ratio as the primary measure of operating performance. Many dramatic changes have occurred in this industry and its operating environment over the past 30 years. These changes have dramatically decreased opportunities for underwriting profits, forcing the industry to rely more on its investment and reinsurance strategies. An alternative performance measurement system that incorporates these activities, the Insurance Performance Measure (IPM), is presented in this article.
Book Synopsis strategic grouips and performance: the us insurance industry by : avi fiegenbaum and howard thomas
Download or read book strategic grouips and performance: the us insurance industry written by avi fiegenbaum and howard thomas and published by . This book was released on 1988 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Handbook of Insurance by : Georges Dionne
Download or read book Handbook of Insurance written by Georges Dionne and published by Springer Science & Business Media. This book was released on 2013-12-02 with total page 1133 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new edition of the Handbook of Insurance reviews the last forty years of research developments in insurance and its related fields. A single reference source for professors, researchers, graduate students, regulators, consultants and practitioners, the book starts with the history and foundations of risk and insurance theory, followed by a review of prevention and precaution, asymmetric information, risk management, insurance pricing, new financial innovations, reinsurance, corporate governance, capital allocation, securitization, systemic risk, insurance regulation, the industrial organization of insurance markets and other insurance market applications. It ends with health insurance, longevity risk, long-term care insurance, life insurance financial products and social insurance. This second version of the Handbook contains 15 new chapters. Each of the 37 chapters has been written by leading authorities in risk and insurance research, all contributions have been peer reviewed, and each chapter can be read independently of the others.
Book Synopsis Risk-adjusted performance measurement in the insurance industry and shareholder value by : Helmut Gründl
Download or read book Risk-adjusted performance measurement in the insurance industry and shareholder value written by Helmut Gründl and published by . This book was released on 2001 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Performance Measurement Example Collection by : Jack Zigon
Download or read book Performance Measurement Example Collection written by Jack Zigon and published by . This book was released on 1998-07 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Performance Measurement by : Institute of Medicine
Download or read book Performance Measurement written by Institute of Medicine and published by National Academies Press. This book was released on 2006-07-09 with total page 383 pages. Available in PDF, EPUB and Kindle. Book excerpt: Performance Measurement is the first in a new series of an ongoing effort by the Institute of Medicine (IOM) to improve health care quality. Performance Measurement offers a comprehensive review of available measures and introduces a new framework to examine these measures against the six aims of the health care system: health care should be safe, effective, patient-centered, timely, efficient, and equitable. This new book also addresses the gaps in performance measurement and introduces the need for measures that are longitudinal, comprehensive, population-based, and patient-centered. This book is directed toward all concerned with improving the quality and performance of the nation's health care system in its multiple dimensions and in both the public and private sectors.
Book Synopsis Value-Oriented Risk Management of Insurance Companies by : Marcus Kriele
Download or read book Value-Oriented Risk Management of Insurance Companies written by Marcus Kriele and published by Springer Science & Business Media. This book was released on 2014-01-14 with total page 383 pages. Available in PDF, EPUB and Kindle. Book excerpt: Value- and risk-oriented management is a holistic method of managing businesses. In this book both actuarial methods and methods pertaining to classical internal control and classical risk management are used. Therefore the approach taken is necessarily interdisciplinary. Indeed, there is a new dynamically developing field for actuaries as a result of the emphasis now on the measurement of risk. This book provides the required basic knowledge for this subject from an actuarial perspective. It enables the reader to implement in practice a risk management system that is based on quantitative methods. With this book, the reader will additionally be able to critically appraise the applicability and the limits of the methods used in modern risk management. Value-oriented Management of Risk in Insurance focuses on risk capital, capital allocation, performance measurement and value-oriented management. It also makes a connection to regulatory developments (for example, Solvency II). The reader should have a basic knowledge of probability and familiarity with mathematical concepts. It is intended for working actuaries and quantitative risk managers as well as actuarial students.
Book Synopsis Essays on Performance Measurement, Risk Valuation, and Regulation in the Insurance Sector by : Alexandra Zemp
Download or read book Essays on Performance Measurement, Risk Valuation, and Regulation in the Insurance Sector written by Alexandra Zemp and published by . This book was released on 2011 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Performance of the Insurance Industry in International Comparison by : Thomas Hess
Download or read book The Performance of the Insurance Industry in International Comparison written by Thomas Hess and published by . This book was released on 1995 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Reader in Insurance and Reinsurance Metrics by : Dietmar Zietsch
Download or read book A Reader in Insurance and Reinsurance Metrics written by Dietmar Zietsch and published by VVW GmbH. This book was released on 2014-07-29 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: Die Arbeit erscheint in englischer Sprache. Insurance metrics, in other words the performance measurement of primary insurers and reinsurers, differs strongly from the measurement in industrial companies as well as in the banking sector. This is due to the "inverted" production cycle, where income is generated before expenses appear. The complexity of insurance metrics has increased considerably within the last twenty years following the requests of stakeholders: International accounting (IFRS), regulatory exigencies (solvency II and other) and models from rating agencies. Within the worldwide stock indices the industry does not represent more than 10% to 15% of the market capitalization. Therefore, insurers and reinsurers are under pressure to explain their metrics to gain the interest of the market. This reader includes nine articles revealing these metrics, ranging from a with general comparison to the credit industry to articles dealing with more complex items like the performance measurement in life insurance and disclosure of contracts under IFRS. The reader is a "must" for the industry, analysts as well as investors, students and young actuaries. Edited by Prof. Dr. Dietmar Zietsch (University Ulm, Germany) and Marc von Harpke (SCOR Germany). Versicherungsmetrik beschreibt die Erfolgsmessung von Erst- und Rückversicherern. Sie unterscheidet sich elementar von jenen der Industrieunternehmen und Banken wegen des spezifischen inversen Produktionszyklus, d.h. des Entfalls der Vorfinanzierung durch das Prinzip der Einnahmen vor Ausgaben. Darüber hinaus hat sich die Komplexität der Versicherungsmetrik in den letzten 20 Jahren durch die Anforderungen diverser Stakeholder stark erhöht: Internationale Bilanzierung (IFRS), regulatorische Anforderungen (Solvency II) und Modelle von Ratingagenturen sind hierbei beispielhaft zu nennen. In den Indices der weltweit größten Börsen repräsentieren Versicherer bis zu 15% der jeweiligen Börsenkapitalisierung. Um vom Markt wahrgenommen und auch adäquat beurteilt zu werden, ist die Darstellung und Erläuterung ihrer Erfolgskomponenten von entscheidender Bedeutung. Der Reader versammelt neun Artikel, um diese Metrik offenzulegen - angefangen von generellen Vergleichen mit der Kreditwirtschaft, bis zu komplexeren Themen wie der Erfolgsmessung in der Lebensversicherung und der Einzelvertragsbetrachtung. Ein "Must-have" für die Branche, Analysten und Investoren, Studenten und junge Aktuare. Herausgegeben von Prof. Dr. Dietmar Zietsch (Universität Ulm) und Marc von Harpke (SCOR Deutschland).
Book Synopsis Performance Measurement and Insurance Liabilities by : Carel Huijgen
Download or read book Performance Measurement and Insurance Liabilities written by Carel Huijgen and published by . This book was released on 2000 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this article, we develop an attribution framework for the evaluation of investment performance of institutional investors, such as insurance companies. The model is very useful in identifying the investment skills of insurance companies. This is accomplished by developing a dual benchmark for the investor. The dual benchmark is focused towards the two objectives of the investor, namely the maximization of shareholder value and the protection of the value of the policyholders. For each objective, we develop a different benchmark. As a result, our model finds a balance between these two objectives, and reduces agency costs.The benchmark implies a distinction between quot;surplus-drivenquot; assets and quot;liability-drivenquot; assets. Based on this distinction, there are four different sources of investment performance. We applied our model for the evaluation of the performance of a funeral insurance company. The outcomes for this funeral insurance company yields some interesting results. Although the liability-driven benchmark implies a conservative portfolio with cash matched assets, the present value of the liabilities based on market interest rates requires only a modest allocation to bonds and as a result, a potentially large allocation of the portfolio to stocks. Investing according to this benchmark would have improved the shareholder return considerably, without endangering the future payout to the policyholders.
Book Synopsis Insurance Agency Growth and Performance Standards by : The National Alliance Research Academy
Download or read book Insurance Agency Growth and Performance Standards written by The National Alliance Research Academy and published by . This book was released on 2019-12-20 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Compare your agency to other agencies of a similar size or metro area, with respect to income and expense averages, productivity measures, and balance sheet ratios. Examine the metrics of the best performing agencies, and use the digital companion files that come with the book to compare your numbers, compute variances, and improve results. Recommended reading for the Certified Insurance Counselor (CIC) Agency Management Course.
Book Synopsis Practical Portfolio Performance Measurement and Attribution by : Carl R. Bacon
Download or read book Practical Portfolio Performance Measurement and Attribution written by Carl R. Bacon and published by John Wiley & Sons. This book was released on 2011-02-23 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: Performance measurement and attribution are key tools in informing investment decisions and strategies. Performance measurement is the quality control of the investment decision process, enabling money managers to calculate return, understand the behaviour of a portfolio of assets, communicate with clients and determine how performance can be improved. Focusing on the practical use and calculation of performance returns rather than the academic background, Practical Portfolio Performance Measurement and Attribution provides a clear guide to the role and implications of these methods in today's financial environment, enabling readers to apply their knowledge with immediate effect. Fully updated from the first edition, this book covers key new developments such as fixed income attribution, attribution of derivative instruments and alternative investment strategies, leverage and short positions, risk-adjusted performance measures for hedge funds plus updates on presentation standards. The book covers the mathematical aspects of the topic in an accessible and practical way, making this book an essential reference for anyone involved in asset management.
Book Synopsis Incentive Compensation and Performance Measurement in the Property and Casualty Insurance Industry by : Calandro, Jr. (Joseph)
Download or read book Incentive Compensation and Performance Measurement in the Property and Casualty Insurance Industry written by Calandro, Jr. (Joseph) and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Changes in the property and casualty (Pamp;C) insurance industry, and changes in executive compensation in general, have lead to a situation where Pamp;C managers have increased opportunities and motivation to influence earnings. A significant opportunity to influence earnings arises out of establishing and managing insurance claims reserves, which are composed of both case and actuarial reserves. This is significant because many insurance incentive compensation programs are based on yearly reported earnings. This paper presents an alternative insurance executive compensation approach. The approach utilizes a more accurate measure of insurance performance, accident year analysis ő in place of the more traditional calendar analysis ő and a bonus bank program.
Book Synopsis Insurance and Issues in Financial Soundness by : Nigel Davies
Download or read book Insurance and Issues in Financial Soundness written by Nigel Davies and published by International Monetary Fund. This book was released on 2003-07-01 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores insurance as a source of financial system vulnerability. It provides a brief overview of the insurance industry and reviews the risks it faces, as well as several recent failures of insurance companies that had systemic implications. Assimilation of banking-type activities by life insurers appears to be the key systemic vulnerability. Building on this experience and the experience gained under the FSAP, the paper proposes key indicators that should be compiled and used for surveillance of financial soundness of insurance companies and the insurance sector as a whole.
