PL EN


2007 | 17 | 247-266
Article title

Extended Solvency Margin as a Measure of the Insolvency Risk of Life Insurance Companies

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Selected contents from this journal
Title variants
Languages of publication
EN
Abstracts
EN
The article describes models used to determine the insolvency risk of life insurance companies. This paper gives a presentation of the solvency margin, and the concept of the extended solvency margin. It further describes the concept of a scale of safety, which allows the risk of an insurance company to be expressed in terms of capital requirement. A method is presented for assessing the extended solvency margin (ESM). The risk of insolvency is analyzed in an annual time perspective. The theoretical discussion is illustrated with empirical examples derived from life insurance companies operating as joint stock companies in Poland in the period 1995-2003.
Year
Volume
17
Pages
247-266
Physical description
Document type
ARTICLE
Contributors
  • W Bijak, Szkola Gl√≥wna Handlowa w Warszawie, Instytut Ekonometrii, al. Niepodleglosci 162, 02-554 Warszawa, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
08PLAAAA04288353
YADDA identifier
bwmeta1.element.9d83fc06-e2c9-3a7f-8d3d-ed6e8374d3d7
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