Abstract
This article is reasoning why risk and capital management in insurance companies malfunctioned partially during the recent capital market crises and what measures insurers and regulators have to adopt to ameliorate thoroughly their control and steering systems. Comparisons to finance and banking are made throughout the article, because they are Instructive and rich in contrast.
Keywords: insurance risk management; capital management; Solvency II; asset/liability management
Volume
Vol. 30, No. 1
Page
52-59
Year
2005
Categories
Actuarial Applications and Methodologies
Enterprise Risk Management
Risk Categories
Financial Risks
Actuarial Applications and Methodologies
Investments
Asset/Liability Management (ALM);
Actuarial Applications and Methodologies
Capital Management
Capital Requirements
Actuarial Applications and Methodologies
Regulation and Law
Solvency
Publications
Geneva Papers on Risk & Insurance Issues and Practice
