Evaluation of insurance liabilities in small economy environment

    Research output: Contribution to journalArticle

    Abstract

    This research evaluates insurance liabilities and analyses their influence on insurer’s capital. The author measures the changes in the amount of insurance liabilities due to the forthcoming Solvency II and IFRS 4 “Insurance contracts” phase II requirements by comparing a situation in life and nonlife insurance markets. Presenting the new approach to setting up a risk-free interest rate and its applicability to liability discounting, the author investigates applicability of this approach to small economies using the Solvency II QIS 5 methodology and the Lithuanian insurance market data.
    Original languageEnglish
    Pages (from-to)57-61
    JournalEconomics and business
    Volume23
    Publication statusPublished - 2013

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    Liability insurance
    Insurance market
    Small economies
    Solvency II
    Evaluation
    Discounting
    Non-life insurance
    Insurance contract
    Life insurance
    Liability
    Insurer
    International Financial Reporting Standards
    Interest rates
    Methodology
    Market data

    Keywords

    • Insurance liabilities
    • Technical provisions
    • Risk-free rate

    Cite this

    Evaluation of insurance liabilities in small economy environment. / Linartas, Audrius.

    In: Economics and business , Vol. 23, 2013, p. 57-61.

    Research output: Contribution to journalArticle

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