Dynamic Financial Analysis - Understanding Risk and Value Creation in Insurance

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Dynamic Financial Analysis - Understanding Risk and Value Creation in Insurance

Author Info

Peter Blum (Converium)
Michel Dacorogna (Converium)

Additional information is available for the following registered author(s):

Michel M Dacorogna

Abstract

The changing business environment in non-life insurance and reinsurance has raised the need for new quantitative methods to analyze the impact of various types of strategic decisions on a company’s bottom line. Dynamic Financial Analysis («DFA») has become popular among practitioners as a means of addressing these new requirements. It is a systematic approach based on large-scale computer simulations for the integrated financial modeling of non-life insurance and reinsurance companies aimed at assessing the risks and the benefits associated with strategic decisions. DFA allows decision makers to understand and quantify the impact and interplay of the various risks that their company is exposed to, and – ultimately – to make better informed strategic decisions. In this brochure, we provide an overview and assessment of the state of the industry related to DFA. We investigate the DFA value proposition, we explain its elements and we explore its potential and limitations.

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Publisher Info
Paper provided by EconWPA in its series Risk and Insurance with number 0306002.

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Length: 22 pages
Date of creation: 18 Jun 2003
Date of revision:
Handle: RePEc:wpa:wuwpri:0306002

Note: Type of Document - Acrobat PDF; prepared on IBM PC; to print on HP A4; pages: 22 ; figures: included
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Web page: http://129.3.20.41

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Find related papers by JEL classification:
G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies

This paper has been announced in the following NEP Reports:

NEP-ALL-2003-06-25 (All new papers)
NEP-CFN-2003-06-25 (Corporate Finance)
NEP-CMP-2003-06-25 (Computational Economics)
NEP-IAS-2003-06-25 (Insurance Economics)
NEP-RMG-2003-06-25 (Risk Management)

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

Myron S. Scholes, 2000. "Crisis and Risk Management," American Economic Review, American Economic Association, vol. 90(2), pages 17-21, May. [Downloadable!] (restricted)

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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

Peter Blum & Michel Dacorogna & Lars Jaeger, 2003. "Performance and Risk Measurement Challenges For Hedge Funds: Empirical Considerations," Risk and Insurance 0311001, EconWPA. [Downloadable!]

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This page was last updated on 2008-8-17.

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