scholarly journals Bilans zakładów ubezpieczeń na potrzeby wymogów wypłacalności i do celów statutowych – podobieństwa i różnice / Balance sheet of insurance companies for solvency requirements and for statutory purposes – similarities and differences

2016 ◽  
Author(s):  
Ewa Spigarska
Keyword(s):  
Balance Sheet ◽  
Insurance Companies ◽  
Similarities And Differences ◽  
Solvency Requirements

Solvency requirements for pension annuities

2003 ◽  
Vol 2 (2) ◽  
pp. 127-157 ◽  
Author(s):  
ANNAMARIA OLIVIERI ◽  
ERMANNO PITACCO
Keyword(s):  
Capital Allocation ◽  
Pension Plans ◽  
Insurance Companies ◽  
Longevity Risk ◽  
Present Value ◽  
Mortality Trends ◽  
Solvency Requirements ◽  
Life Annuities

This paper deals with solvency requirements for life annuities portfolios and funded pension plans. Particular emphasis is devoted to longevity risk, i.e. the risk arising from uncertainty in future mortality trends. This risk must be faced by insurance companies and pension plans that have guaranteed lifelong payoffs.Solvency is investigated referring to immediate annuities, and hence the so-called decumulation phase is addressed. To assess solvency, assets are compared with the random present value of liabilities. Several requirements are considered, each leading to a required asset level that must be financed both with premiums (or contributions) and capital allocation.

scholarly journals Research on internal indicators of financial stability of insurance companies in the Republic of Serbia

Skola biznisa ◽  
2020 ◽  
pp. 1-22
Author(s):  
Tatjana Stevanović ◽  
Jelena Stanković ◽  
Jovica Stanković
Keyword(s):  
Performance Measures ◽  
Financial Stability ◽  
Balance Sheet ◽  
Economic Conditions ◽  
Insurance Companies ◽  
Insurance Sector ◽  
Data Mining Algorithms ◽  
The Republic ◽  
Investment Portfolios ◽  
Mining Algorithms

Dynamic changes in the insurance sector require a new system of performance measures, which enables monitoring of multiple business segments of insurance companies and meets the information requirements of a large number of different stakeholders. In this regard, in the Republic of Serbia a multidimensional system of performance measures is used - the CARMEL framework, made according to the methodology of the International Monetary Fund. Due to the fact that these indicators indicate the effectiveness of different business segments, the analysis of the performance of insurance companies cannot be based only on one of these groups. Assessment of financial stability and ranking of insurance companies can be performed using different data mining algorithms. The obtained results show that key internal factors for the financial stability of insurance companies change under different economic conditions. During the period of the financial crisis the greatest impact on the financial stability of insurance companies had the quality of management, but also the earning capacity and profitability and liquidity of insurance companies. The classification of insurance companies according to their performance is compared with the official rankings offered by the supervisory body based on the value of the balance sheet assets and the value of premiums paid. It can be concluded that the largest insurance companies are not the most successful in all economic conditions. Inadequate capital management, as well as the inability to generate insurance and investment portfolios, has led to a drastic decrease in the profitability of these insurance companies.

scholarly journals CHANGES IN SUBSTITUTION OF BANK LOANS AND EU SUBSIDIES IN POLISH BUSINESSES

2021 ◽  
pp. 5-18
Author(s):  
Paulina Filip
Keyword(s):  
Logit Model ◽  
Balance Sheet ◽  
State Aid ◽  
The State ◽  
Bank Loans ◽  
Bank Loan ◽  
Statistical Relationship ◽  
Cross Sectional ◽  
Similarities And Differences ◽  
And Performance

The aim of the article was to determine the degree of bank loan replacement by Polish businesses after profiting from EU help. The identification of similarities and differences was made amonggroups of enterprises that benefit or not from the state aid in the EU’s successive financial perspectives, over the years 2007-2017. Changes in companies’ assets and performance, andvariables referring to the financial effectiveness, were analyzed. The logit model was used in order to define characteristics that have influence on the significance of determinants of financing withpublic subsidies. The cross-sectional nature of data allows for identification of a positive statistical relationship between subsidies and bank loans in medium-sized enterprises. In the course of the study it was established that companies receiving the state aid reduced their share of bank credits on balance sheet totals, as well as indebtedness in total. Over a period of time, thesubsidizing has increased the importance and scope of using bank loans. State aid resources were used as a complementary source of capital for enterprises.

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