...Felix Schwartze; Michael Dobler Purpose This study aims to provide initial evidence on the determinants of insurers’ narrative risk disclosure in Solvency and Financial Condition Reports (SFCRs) as a new reporting instrument under Solvency II. Design/methodology/approach We investigate...

...Ines Nasri; Aida Bouzir; Mohamed Hédi Benhadj Mbarek; Saloua Benammou Purpose This article provides a comparative analysis of the relationship between insurance and economic growth in the Organization for Economic Cooperation and Development (OECD) and Middle East and North Africa (MENA) regions...

...Martin Eling Purpose This study aims to develop a comprehensive framework for discussing sustainability within the insurance industry, extending the traditional Environmental, Social, and Governance (ESG) dimensions to include economic and technological considerations. This inclusion is vital...

...Heather Knewtson; Howard Qi Purpose The purpose of this paper is to provide an insurance framework to address the challenge of managing default risk for lenders providing credit to small and micro businesses. Design/methodology/approach A theoretical model is developed showing how...

...Muhammed Altuntas; Jannes Rauch Purpose This paper aims to examine the effect of concentration in the insurance sector on insurer stability for a large set of developed and developing countries. In particular, the authors test whether concentration reduces financial fragility in the insurance...

...Nadine Gatzert Keywords: Insurance, Risk finance, Risk management, Risk pooling, Risk valuation, Theory of risk Ahmet Göncü This article originally appeared in Volume 13 Number 1, 2012, The Journal of Risk Finance Insurance Risk finance Risk management Risk...

...Alfred Ka Chun Ma; Justina Yuen Ki Cheung Purpose The purpose of this paper is to propose a framework based on cash flow matching for computing the Solvency Capital Requirement under Solvency II. Design/methodology/approach The time horizon of the insurance liabilities is typically longer than...

...Tuan Hock Ng; Lee Lee Chong; Hishamuddin Ismail Purpose The purpose of this paper is to provide insights on how a firm's size is related to risk taking of Malaysia's insurance companies, from 2000‐2010. Design/methodology/approach The sample used for empirical testing in this study comprised...

...Dorothea Diers; Martin Eling; Christian Kraus; Marc Linde Purpose The purpose of this paper is to present a simulation‐based approach for modeling multi‐year non‐life insurance risk in internal risk models. Strategic management in an insurance company requires a multi‐year time horizon...

...W. Jean Kwon Purpose The purpose of this paper is to examine insurance regulation theories, regulatory agency structures and measures. Design/methodology/approach This study investigates significance of regulatory agency structure, key regulatory measures, political stability and cultural...

...T. Joji Rao; Krishan K. Pandey Purpose The fact that complaints regarding general insurance claims are three times as numerous as those of life insurance claims suggests that claims behaviour of general insurers be investigated to minimize operating losses and ensure operational excellence...

... enterprise risk management. Dorothea Diers can be contacted at: dorothea.diers@provinzial.de © Emerald Group Publishing Limited 2013 Non‐life insurance Value‐based management Internal risk models Solvency II Parameter risk Insurance Insurance premiums Under Solvency II, regulators...

... national insurance scheme. Design/methodology/approach The benchmarking analysis of the proposed scheme is undertaken in comparison to the best practices of the catastrophe insurance systems operating in most member‐states of the EU. Risk modelling is employed to calculate risk‐based premiums...

...Walid Bahloul; Nizar Hachicha; Abdelfettah Bouri Purpose Many factors like CEO (“the chief executive officer”) decision can influence efficiency and productivity in insurance firms. This paper seeks to address this issue. Design/methodology/approach To test the effect of CEO power...

...SiewMun Ha Purpose Enhanced risk management through the application of mathematical optimization is the next competitive‐advantage frontier for the primary‐insurance industry. The widespread adoption of catastrophe models for risk management provides the opportunity to exploit mathematical...

...Mahito Okura Purpose The purpose of this paper is to investigate the insurance market in which moral hazard and insurance fraud coexist. In this situation, this research examines the relationship between moral hazard and insurance fraud. Also, this research shows how the amount of policyholder's...

...Michael Mainelli Purpose The purpose of this paper is to look at how cyber insurance markets might work with the backing of government reinsurance. Design/methodology/approach The paper is based on interviews and workshops on cyber security, cyber terrorism and cyber crime. Findings...

...Michael T. Norton; Calum Turvey; Daniel Osgood Purpose The purpose of this paper to develop an empirical methodology for managing spatial basis risk in weather index insurance by studying the fundamental causes for differences in weather risk between distributed locations. Design/methodology...

...Wael Hemrit; Mounira Ben Arab Purpose The purpose of this paper is to examine the determinants of operational losses in insurance companies. Design/methodology/approach By using most common estimates of frequency and severity of losses that affected business‐lines during 2009, the paper...

...Dorothea Diers; Martin Eling; Christian Kraus; Andreas Reuß Purpose The purpose of this paper is to transfer the concept of market‐consistent embedded value (MCEV) from life to non‐life insurance. This is an important undertaking since differences in management techniques between life and non‐life...