This paper examines the consequences for a life annuity insurance company if the solvency II solvency capital requirements (SCR) are calibrated based on expected shortfall (ES) instead of value-at-risk (VaR). We focus on the risk modules of the SCRs for the three risk classes equity risk, interest rate risk and longevity risk. The stress scenarios are determined using the calibration method pro...

The purpose of this empirical study is to analyze and compare the performance of Islamic and conventional banking in Pakistan and to find out which of the banking stream is performing better than other. For this study, sample of 22 conventional banks and 5 Islamic banks were selected. For in-depth understanding and sound comparison, key performance indicators were divided into external and inte...

We assess the implications of demographic uncertainty for the budgetary position in Belgium, Denmark, Finland, Germany, the Netherlands, Spain and the United Kingdom. We evaluate the frequency distribution of the increase in taxes needed to deliver fiscal solvency.

This paper investigates the relationship between bank funding costs and solvency for a large sample of euro area banks using two proprietary ECB datasets both wholesale deposit rates. In particular, studies solvency, on one hand, senior bond yields, term rates overnight rates, other. The analysis finds significant negative different types costs. It also shows that this is non-linear, namely con...

Solvency games, introduced by Berger et al., provide an abstract framework for modelling decisions of a risk-averse investor, whose goal is to avoid ever going broke. We study a new variant of this model, where, in addition to stochastic environment and fixed increments and decrements to the investor’s wealth, we introduce interest, which is earned or paid on the current level of savings or deb...

In our time, the survival of enterprise in context competition depends on its financial stability, therefore, it is important to conduct analysis. Analysing activities enterprise, necessary liquidity and solvency The study examines theoretical aspects solvency, as well investigates analyses Ltd “STRŪŽĀNU SILTUMS” coefficients, using graphic, monographic documents analysis methods.

Despite criticism that health reform legislation will result in cuts to Medicare, the bills passed by the House of Representatives and the Senate, as well as President Obama's proposal, contain provisions that would strengthen the program by reducing costs for prescription drugs, expanding coverage for preventive care, providing more help for low-income beneficiaries, and supporting accessible,...