Policy Issues in Insurance Assessing the Solvency of Insurance Companies (Policy Issues in Insurance) by Organisation for Economic Co-Operation and Development
This fourth volume of the series devoted to major policy issues in insurance presents an in-depth analysis of the management of the major technical and financial risks to which insurance companies are exposed.
The report provides an extensive comparative analysis of the major current trends in the assessment of the solvency of insurance companies in OECD countries. It also points out at the risks causing most of insurance undertaking failures – namely underpricing, underprovisioning, unexpected depreciation of key assets, mismanagement, and inadequacy of information support provided to supervisors which could prevent them from issuing early warnings. It also emphasises the growing concern related to risks that may arise from financial convergence or from the recourse to new financial instruments.
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