Abstract: In this paper, we consider compositions of conditional risk measures in order to obtain time-consistent dynamic risk measures and determine the solvency capital of a life insurer selling pension liabilities or a pension fund with a single cash-flow at maturity. We first recall the notion of conditional, dynamic and time-consistent risk measures. We link the latter with its iterated pr...

In old accounting tradition, non-life insurance companies have estimated nominal claims reserves for their outstanding loss liabilities. The new Solvency II developments require from non-life insurance companies that they go over to a market-consistent valuation of their insurance liabilities (full balance sheet approach) and that they prove solvency on a yearly basis. As a consequence non-life...

It is known that for an insurer who invests in the financial market, the financial investments may affect its solvency as severely as do insurance claims. This conclusion is usually reached under an assumption of independence or asymptotic independence between insurance risk and financial risk. Such an assumption seems reasonable if the insurer focuses on the traditional insurance business that...

The extension of the theory of life contingencies to a stochastic interest environment and its application to solvency valuation are discussed. Although life contingencies are widely used in traditional actuarial valuations of life insurance contracts, certain complications arise in a stochastic interest environment that are not evident when using traditional deterministic interest assumptions....

This study aims to determine the financial performance of cooperatives using ratio analysis. The data used in this is secondary from 2018 2021. analysis technique uses techniques, ratios are liquidity ratios, solvency and profitability ratios. results indicate that: (1) Liquidity Ratio Analysis KPRI Sakti Rasa; (2) Solvency (3) Profitability Rasa.