The Financial
Dynamics of the Insurance Industry
by Edward I. Altman, Irwin T. Vanderhoof (Editor), Edward Altman |
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Hardcover, 512 pages
Published by Irwin Professional Pub
Publication date: September 1994
Dimensions (in inches): 1.54 x 9.29 x 6.35
ISBN: 1556236344
Booknews, Inc. , 03/01/95:
Explores the financial dynamics of the $2 trillion insurance industry. Industry scholars,
regulators, and practitioners offer analyses of the challenges facing the industry, such
as insolvency, risk-based capital regulations, default risk, asset allocation, and
performance measurement. Contributors discuss new opportunities for expansion within the
industry, proposed solutions to the problems of liquidity for insurance companies, and
asset-related risks and liability issues. Lacks an index. Annotation copyright Book News,
Inc. Portland, Or.
- Table of Contents
Contributors
Preface: Financial Dynamics of the Insurance Industry
By Edward I. Altman, Irwin T. Vanderhoof
Pt. 1. Solvency of Life Insurance Companies
Introduction: NAIC Solvency Agenda: An Overview
By Sanford Rich
- 1. Objectives and Expected Impact of Risk-Based Capital Requirements
for Life Insurance Companies
- By Terence Lennon
- 2. Identifying Life Insurer Financial Distress: Classification Models
and Empirical Evidence
- By James M. Carson, Robert E. Hoyt
- 3. Solvency Monitoring of Insurance Companies: Regulators' Role and
Future Direction
- By Robert W. Klein
Pt. 2. Solvency of Property and Casualty Insurance Companies
- 4. Risk-Based Capital Requirements for Property and Casualty
Insurers: Rules and Prospects
- By Vincent Laurenzano
- 5. Risk-Based Capital Requirements for Property-Liability Insurers: A
Financial Analysis Issues
- By J. David Cummins, Scott Harrington, Greg Niehaus
- 6. A Cost-Effective Approach for Regulating Insurance Company
Solvency
- By Joan Lamm-Tennant, Laura Starks, Lynne Stokes
Pt. 3. Solvency: Defaulted Securities and Illiquidity
- 7. Losses to Bankrupt Firms' Bondholders
- By Edward I. Altman, Allan C. Eberhart, Kenneth Zekavat
- 8. Liquidity Options for Insurers
- By Neil D. Holden, M. E. Ellis
- 9. Implications of Asset Illiquidity
- By Patrick J. Corcoran, Duen-Li Kao
Pt. 4. Asset Operations of Insurance Companies
- 10. Investment Implications of Insurance Company Liabilities
- By Jacqueline M. Keating, Daniel J. McCarthy, Meredith A.
Ratajczak
- 11. Asset-Liability Matching in the Life Insurance Industry
- By David F. Babbel
- 12. Asset-Liability Management for a Going Concern
- By William H. Panning
- 13. Asset Allocation for Property and Casualty Insurance Companies
- By Walter Blasberg, Sar Kun Moy, Martin Palmeri, John Fitzgerald
Pt. 5. Performance Measurement
- 14. Multi-Index Models and Performance Measurement
- By Edwin J. Elton, Martin J. Gruber
- 15. Performance Measurement and Management
- By Irwin T. Vanderhoof
- 16. Total Return Approach to Performance Measurement
- By Thomas S. Y. Ho, Alex G. Scheitlin, Kin O. Tam
Pt. 6. Performance of Specific Kinds of Assets
- 17. The Role of Real Estate Investment in Insurance Company
Portfolios
- By Jarl C. Kallberg, Crocker H. Liu, D. Wylie Greig
- 18. The Time-Variation of Risk Premiums on Insurance Company Stocks
- By Jianping Mei, Anthony Saunders
- 19. The Changing Role of Life Insurance Companies in the Private
Placement Market
- By Mark Carey, Stephen Prowse, John Rea, Gregory Udell
- 20. The Dynamics of the Insurance Industry
- By Gery J. Barry
- 21. Defaults and Returns on High Yield Bonds: Analysis through 1992
- By Edward I. Altman
Pt. 7. Asset-Liability Matching
- 22. Insurance Company Performance Measurement
- By Frank J. Jones
- 23. Investment Policy Options
- By Robert M. Chmely
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