Haku

In this paper, we explore critical aspects related to the use and development of internal models in insurance companies’ risk and capital management. Our aim is to find out how crucial the various risk factors of internal ...

In this paper we quantify the risk caused by the crash of a pricing bubble in the US stock market by utilizing a recently introduced econometric bubble model. The skewness and kurtosis are shown to vary widely with the ...

In the EU the supervision of the insurance industry is expected to step into the new Solvency II framework within some years. The new framework will mean a fundamental update for both valuation and solvency requirements. ...