Use of Value-At-Risk for the Quantification of Risks In Insurance

Autor:	EL Arif Fatima Zahra
Rok vydání:	2014
Předmět:	Financial management Measure (data warehouse) Actuarial science CVAR business.industry General Medicine Asset (economics) Business Risk pool Risk assessment Insurance industry Value at risk
Zdroj:	Review of Knowledge Economy. 1:30-38
ISSN:	2409-9449 2412-3668
DOI:	10.18488/journal.67/2014.1.1/67.1.30.38
Popis:	Value-at-Risk has become a standard for managing risk in the financial world. The purpose of this article is to specify the conditions under which the VaR could be a good measure of risk asset in insurance. After the description of the main approaches to calculating VaR currently employed in the insurance industry, we will indicate the specific financial management in insurance. We then present the necessary changes in VaR and its limitations, and alternatives to VaR for risk calculation (Method of generalized scenarios, CVaR).
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::fde618be0457dcf620304e2a3b15a8a9 https://doi.org/10.18488/journal.67/2014.1.1/67.1.30.38 Zobrazit plný text záznamu