An Optional Reading of the Balance Sheets of Life Insurance Companies (notice n° 157599)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01396cam a2200205 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250112031932.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Morel, Christophe |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | An Optional Reading of the Balance Sheets of Life Insurance Companies |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2001.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 26 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | Using options theory, it is possible to work out a formula linking characteristics of life-insurance contracts (maturity, guaranteed return and dividend rate) with the insurer&apos;s balance sheet (asset risk, debt leverage). A digital simulation of this relationship, using orders of magnitude characteristic of the life insurance market in France, reveals the &quot;excessive&quot; nature of the constraint imposed by the 85% floor for dividend distribution by the insurers to the insured. Combined with the regulations on guaranteed rates and capital ratio, this standard seems to prevent insurers from extending the range of returns they are able to offer unless they reduce their solvency and, to some extent, increase their risk-taking. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | life insurance |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | asset management |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | option theory |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Poiblanc, Brigitte |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Economie & prévision | o 149 | 3 | 2001-06-01 | p. 65-71 | 0249-4744 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-economie-et-prevision-1-2001-3-page-65?lang=en">https://shs.cairn.info/journal-economie-et-prevision-1-2001-3-page-65?lang=en</a> |
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