• Icon to change language to english
  • Icon to change language to english

METHODS FOR ASSESSING THE TECHNICAL RESERVES AND THE RESERVES RISK OF INSURANCE COMPANIES

Authors

Keywords
solvency 2, technical reserves, provisions for claims outstanding, solvency capital requirements

Summary
The object of this study is general insurance companies. The study focuses on methods for assessing the outstanding claims reserves and how they assess the risk of outstanding claims reserves insufficiency. The goal of the project is to review and systematize the scientific literature regarding the developed methods for assessing technical reserves. The study argues that the stochastic methods allow for not only predicting the expected outstanding claims but also optimizing this assessment and deriving the reserves’ distribution. As a result, the study proposes a methodology for assessing the risk of insufficient reserves for outstanding claims in accordance with the requirements of the Solvency 2 regime.

JEL: G22, C53
Pages: 30
Price: 3 Points

More titles

  • IMPLEMENTATION OF MODERN FLT METHODS

    Motivation is an important factor in learning a second and foreign language. It is defined as the individual attitude, desire and efforts of the learner. Motivation is essential for achieving better language skills and increasing the capacity for learning since without motivation the learning capacity decreases. The research aimed to determine to ...

  • INCREASING THE QUALITY OF FOREIGN LANGUAGE TEACHING OFFERED TO LEARNERS STUDYING TOURISM-RELATED COURSES

    The present study is based on the thesis that foreign language teaching (FLT) and specialized economic courses should be interrelated. With reference to this the authors have set three research goals: to study students’ motivation and attitudes towards FLT and their specialized economic studies; to identify the possibilities for improving the ...

  • OPPORTUNITIES AND USE OF CONTENT MANAGEMENT SYSTEMS IN MODERN BUSINESS ORGANIZATIONS

    The main goal of this study is to research the current state of Enterprise Content Management (ECM) systems and their popularization and adoption in Bulgarian business organizations. To achieve the overall goal the authors set the following tasks: to review the ECM-related literature; to define the main concepts in this area; to analyze the ...