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Capital Adequacy in Insurance Sector.

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Capital Adequacy in Insurance Sector./
作者:	Birkent, Eda.
出版者:	Ann Arbor : ProQuest Dissertations & Theses, : 2002,
面頁冊數:	123 p.
附註:	Source: Masters Abstracts International, Volume: 83-02.
Contained By:	Masters Abstracts International83-02.
標題:	Investments. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=28536866
ISBN:	9798519132152

Capital Adequacy in Insurance Sector.
Birkent, Eda.

Capital Adequacy in Insurance Sector. - Ann Arbor : ProQuest Dissertations & Theses, 2002 - 123 p.

Source: Masters Abstracts International, Volume: 83-02.

Thesis (Master's)--Marmara Universitesi (Turkey), 2002.

This item must not be sold to any third party vendors.

In recent years a company's financial security is becoming increasingly important in the insurance industry. This trend towards deregulation and globalisation in the insurance and the financial markets is leading to keener competition and to greater price fluctuations.Capital adequacy requirement methods reduce the probability of future insolvency of an insurance company to some predetermined minimum level or alternatively reduce the number of insurance companies that fail to present sufficient guarantee in order to cover the rights of policyholders and other creditors.The purpose of this thesis is to analyse the adequacy of insurance companies, which is an international problem of the insurance sector worldwide, from the risk point of view. The reason is that the capital is the most valuable and important resource that has been used by the shareholders, creditors and policyholders as a cushion against financial and insurance risks insurance companies face in the sector.In the last years of the twentieth century enterprise-wide risk management has been evolving as financial theory has advanced, new technology has made modelling of risk more feasible and innovation has fostered better ways to mitigate risk.Risk measures are important inputs into risk management decisions, including the appropriate pricing of products. The historic pattern has been that underwriting and investment results have been negatively correlated. Strong investment performance has generated increased capacity, leading to increased competition and lower rates. With the recent convergence of poor underwriting and investment results, however, and with higher exposure levels, better risk assessment and management is increasingly important.This thesis is composed of seven parts. In order to evaluate the capital adequacy of insurance companies the thesis includes an extensive literature survey about solvency and capital adequacy techniques in the world. The current situation of Turkish insurance sector and future expectations are underlined in the view of capital adequacy and solvency regulations in the first part. Furthermore the second part focuses on the essential terms in insurance in order to guide as relevant information for the other parts of the thesis. In the third part to identify the capital adequacy from the risk point of view, we define the typical risks and their prevention techniques in insurance sector that insurance companies face all over the world.In the fourth part of the thesis solvency requirements of insurance companies are analysed, the regulatory approaches in solvency control and methods used to rate solvencies are underlined. The main aim for this part is to present the global perspective of insolvency problem in the insurance industry and its importance is enlightened from the perspectives of different parties. Finally in this part the regulatory approaches in solvency control in EU, in US and in Turkey are compared in order to see the development of internationally accepted capital adequacy requirement methods.In the fourth, also ratio analysis which is a tool to analyse the solvency of an insurance company is used with a case study. The financial statements of insurance companies differ from other sectors statements, so the ratios used to evaluate the companies financial capability vary, too.

ISBN: 9798519132152Subjects--Topical Terms:

566987
Investments.

Capital Adequacy in Insurance Sector.
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520 $a In recent years a company's financial security is becoming increasingly important in the insurance industry. This trend towards deregulation and globalisation in the insurance and the financial markets is leading to keener competition and to greater price fluctuations.Capital adequacy requirement methods reduce the probability of future insolvency of an insurance company to some predetermined minimum level or alternatively reduce the number of insurance companies that fail to present sufficient guarantee in order to cover the rights of policyholders and other creditors.The purpose of this thesis is to analyse the adequacy of insurance companies, which is an international problem of the insurance sector worldwide, from the risk point of view. The reason is that the capital is the most valuable and important resource that has been used by the shareholders, creditors and policyholders as a cushion against financial and insurance risks insurance companies face in the sector.In the last years of the twentieth century enterprise-wide risk management has been evolving as financial theory has advanced, new technology has made modelling of risk more feasible and innovation has fostered better ways to mitigate risk.Risk measures are important inputs into risk management decisions, including the appropriate pricing of products. The historic pattern has been that underwriting and investment results have been negatively correlated. Strong investment performance has generated increased capacity, leading to increased competition and lower rates. With the recent convergence of poor underwriting and investment results, however, and with higher exposure levels, better risk assessment and management is increasingly important.This thesis is composed of seven parts. In order to evaluate the capital adequacy of insurance companies the thesis includes an extensive literature survey about solvency and capital adequacy techniques in the world. The current situation of Turkish insurance sector and future expectations are underlined in the view of capital adequacy and solvency regulations in the first part. Furthermore the second part focuses on the essential terms in insurance in order to guide as relevant information for the other parts of the thesis. In the third part to identify the capital adequacy from the risk point of view, we define the typical risks and their prevention techniques in insurance sector that insurance companies face all over the world.In the fourth part of the thesis solvency requirements of insurance companies are analysed, the regulatory approaches in solvency control and methods used to rate solvencies are underlined. The main aim for this part is to present the global perspective of insolvency problem in the insurance industry and its importance is enlightened from the perspectives of different parties. Finally in this part the regulatory approaches in solvency control in EU, in US and in Turkey are compared in order to see the development of internationally accepted capital adequacy requirement methods.In the fourth, also ratio analysis which is a tool to analyse the solvency of an insurance company is used with a case study. The financial statements of insurance companies differ from other sectors statements, so the ratios used to evaluate the companies financial capability vary, too.
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