Publications des institutions partenaires
Systemic Risk in the Insurance Sector: Review and Directions for Future Research
This paper reviews the extant research on systemic risk in the insurance sector and outlines new areas of research in this field. We summarize and classify 43 theoretical and empirical research papers from both academia and practitioner organizations. The survey reveals that traditional insurance activity in the life, non-life, and reinsurance sectors neither contributes to systemic...
Institution partenaire
English / 01/01/2014
Sophisticated vs. Simple Systemic Risk Measures
This paper evaluates whether sophisticated or simple systemic risk measures are more suitable in identifying which institutions contribute to systemic risk. In this investigation, DCoVaR, Marginal Expected Shortfall (MES), SRISK and Granger-Causality Networks are considered as sophisticated systemic risk measures. Market capitalization, total debt, leverage, the stock market returns...
Institution partenaire
English / 01/01/2014
Intermediäre schaffen im Versicherungsmarkt Customer Value
Zwei Drittel der Versicherungsverträge werden von Vermittlern abgeschlossen,
obwohl viele Informationen primär beim Versicherer sind. Daher müssen Intermediäre
früh in die Veränderungsprozesse der Versicherer miteinbezogen werden.
Institution partenaire
Deutsch / 23/04/2013
Customer Value durch Management der Kundenzugangswege: Die zukünftige Rolle der Intermediäre im Versicherungsmarkt
Vergleicht man die Ausgestaltung der Zugangswege von Versicherern mit anderen Branchen, so lassen sich gravierende Unterschiede konstatieren: Tankstellen und Warenhäuser wandeln sich kontinuierlich und decken - neben der Kernleistung - eine Vielzahl zusätzlicher Bedürfnisse ab. Sportartikelhersteller wie Nike setzen mit Niketown genauso wie Apple mit seinen Genius Bars neue Massstäbe...
Institution partenaire
Deutsch / 01/04/2013
Run-off 2013: Status quo und zukünftige Bedeutung von Run-off im deutschsprachigen Nichtleben-Versicherungsmarkt
Institution partenaire
Deutsch / 01/01/2013
Does Surplus Participation Reflect Market Discipline? An Analysis of the German Life Insurance Market
The aim of this paper is to analyze whether the level of surplus participation affects customer demand. We use multivariate linear regression models and data on surplus participation, new business, and lapse for the German life insurance market from 1998 to 2008. We find a significant positive dependence between surplus participation and new business growth as well as a significant...
Institution partenaire
English / 01/12/2012
Is there Market Discipline in the European Insurance Industry? An Analysis of the German Insurance Market
Institution partenaire
English / 01/09/2012
Reframing Customer Value from a Dominant Logics Perspective
Customer Value (CV) is one of the most crucial concepts in the field of marketing. Literature states that the identification and creation of CV is decisive for the strategic success of any organization. Moreover, CV was coined a hot research topic in the field of marketing for the years of 2010-2012 by the Marketing Science Institute (2011). However, there is still no clear opinion...
Institution partenaire
English / 01/08/2012
I.VW-Vertriebsmonitor Die Assekuranz zwischen getrübter Stimmung und Megatrends
Institution partenaire
Deutsch / 01/05/2012
Der Generationenvertrag in Gefahr: Eine Analyse der Transfers zwischen Jung und Alt in der Schweiz
Institution partenaire
Deutsch / 01/01/2012
Neuerungen in Regulierung und Rechnungslegung: Aktuelle Entwicklungen in der Versicherungsindustrie
Aktuell werden mehrere Tools der Regulierung und Rech- nungslegung tiefgreifend überarbeitet. Im Folgenden werden die Entwicklungen von Solvenzbestimmungen, Insolvenzsicherungsfonds, Rechnungslegungsvorschriften und Embedded Value dargestellt. Die Bedeutung der Reformen für Un- ternehmen sowie die Sicht der Versicherungsnehmner wird skizziert. Anhand aktueller Unternehmens- und...
Institution partenaire
Deutsch / 01/01/2012
Sufficient Conditions for Expected Utility to Imply Drawdown-Based Performance Rankings
The least restrictive sufficient condition for expected utility to imply Sharpe ratio rankings is the location and scale (LS) property (see Sinn, 1983 and Meyer, 1987). The normal, the extreme value, and many other distributions commonly used in finance satisfy this property. We argue that the LS property is also sufficient for expected utility to imply drawdown-based performance...
Institution partenaire
English / 01/09/2011
A Joint Valuation of Premium Payment and Surrender Options in Participating Life Insurance Contracts
Institution partenaire
English / 21/06/2011
The Impact of Introducing Insurance Guaranty Schemes on Pricing and Capital Structure
Institution partenaire
English / 20/06/2011
IFRS 4 Phase II: Die Sicht der Schweizer Assekuranz
Institution partenaire
Deutsch / 09/06/2011
Trends und Herausforderungen in der Unfallversicherung : Prozessorientiertes Schadenmanagement im Fokus aktueller Entwicklungen
Institution partenaire
Deutsch / 26/05/2011
Saying Goodbye to the Channel
For service industries, understanding the customer and maintaining good contact points are probably the most significant success factors. Especially for the insurance industry, an analytics based approach to gaining customer insight is not the norm. More insight is necessary, though, to reach and interact with customers whose behavioral patterns for such interaction are rapidly...
Institution partenaire
Deutsch / 14/04/2011
The Performance of Microinsurance Programs: A Data Envelopment Analysis
The purpose of this research is to measure the performance of microinsurance programs using data envelopment analysis and to derive implications for the viable provision of microinsurance products. This is a worthwhile exercise given the significant limitations of the existing performance measures used in the microinsurance industry. A single and simple to interpret performance...
Institution partenaire
English / 01/03/2011
On the Valuation of Investment Guarantees in Unit-Linked Life Insurance : A Customer Perspective
Interest rate guarantees in unit-linked life insurance products ensure that at contract maturity, at least a minimum guaranteed amount is paid, even if the mutual fund falls below the guaranteed level. Strongly depending on the riskiness of the underlying mutual fund, these guarantees can be of substantial value. However, while insurer pricing is based on the replication of cash...
Institution partenaire
English / 15/01/2011
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