Risk Identification and Measurement in Life Insurance: Critical Issues (Identificazione E Misurazione Dei Rischi Nei Portafogli Vita: Spunti Critici Di Riflessione)
Convegno Nazionale di Economia degli Intermediari Finanziari, PARMA (IT), 2005
9 Pages Posted: 8 May 2010
Date Written: November 4, 2005
The paper offers an insight into life insurance risk management topics with reference to recent regulatory innovation. The study starts with a full breakdown of the risk system of life insurance companies and provides a methodology of identification of risk drivers pertinent to both current earning and market value approaches. By means of the differential analysis, we are able to build up a whole series of risk indicators serving the whole risk management process. Such indicators can be easily plugged into the risk-adjusted performance metrics for both internal and institutional control targets. The methodology is applied to an exemplar case of a life annuity portfolio.
Note: Downloadable document is in Italian.
Keywords: Like insurance, risk indicators, risk management
JEL Classification: G22
Suggested Citation: Suggested Citation