ENTERPRISE SOLVENCY MANAGEMENT

Solvency II

The insurance industry needs to be regulated to protect policyholders. This is the main objective of the Solvency II directive – the new insurance regulations for the European Economic Area. In short, it requires insurance companies to act responsibly with the money they have been entrusted with. It is estimated that implementing Solvency II will cost 2-3 billion Euro. It has the potential to c...

From Principle-Based Risk Management to Solvency Requirements

Solvency Games

We study the decision theory of a maximally risk-averse investor — one whose objective, in the face of stochastic uncertainties, is to minimize the probability of ever going broke. With a view to developing the mathematical basics of such a theory, we start with a very simple model and obtain the following results: a characterization of best play by investors; an explanation of why poor and ric...

Strategic Management of the Innovative Activity of the Enterprise

Effective innovative activity of enterprises with the dynamic economic development is possible under the conditions of timely implementation of innovative projects that satisfy and meet the requirements of the external and internal environment and contribute to building up their own potential with the orientation of the enterprise activity on the long-term prospect of development. This contribu...

Semantic Enterprise Architecture Management

Enterprise architecture management (EAM) provides information about an enterprise and its information systems landscape for thorough analysis. Semantic technologies allow for integrating data sets from various relevant information sources within enterprises in a so-called EA repository, which serves as a comprehensive formal information base for EAM. We call this approach Semantic Enterprise Ar...