Operational risk management for insurers

Insurance companies face many risks, which should be managed, but their core competences and main contribution to society is to accept the risks underwritten by businesses and individuals, hence the strategic importance for citizens and governments that insurers protect their assets and revenues, an...

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Detalhes bibliográficos
Autores: Martínez Torre-Enciso, María Isabel, Hernández Barros, Rafael
Tipo de documento: artigo
Data de publicação:2012
País:España
Recursos:Universidad Autónoma de Madrid
Repositório:Biblos-e Archivo. Repositorio Institucional de la UAM
Idioma:inglês
OAI Identifier:oai:repositorio.uam.es:10486/717086
Acesso em linha:http://hdl.handle.net/10486/717086
https://dx.doi.org/10.5539/ibr.v6n1p1
Access Level:Acceso aberto
Palavra-chave:Risk management
Insurance
Solvency II
Operational risk
Economía
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spelling Operational risk management for insurersMartínez Torre-Enciso, María IsabelHernández Barros, RafaelRisk managementInsuranceSolvency IIOperational riskEconomíaInsurance companies face many risks, which should be managed, but their core competences and main contribution to society is to accept the risks underwritten by businesses and individuals, hence the strategic importance for citizens and governments that insurers protect their assets and revenues, and that policies and scientific methods are established to ensure a minimum financial solvency and the continuity of its operations. Operational risk is increasingly important in the management and corporate governance of insurance companies, which increasingly have greater implications and interactions with the other risks that this insurers face, such as market or credit risks. The management and analysis of operational risk is a necessary activity for insurers, presenting many opportunities for development and a major field of study on conceptual and practical issues due to the particularity and complexity implied in this type of risk. The new European regulation, Solvency II, will inexorably increase the need of an effective management of operational risks and the development and implementation of structured methodologies for its analysis. It is also reviewed the classical technique of modeling, Value at Risk (VaR), and other methodologies for the analysis and quantification of operational risk for insurersCanadian Center of Science and EducationDepartamento de Financiación e Investigación ComercialFacultad de Ciencias Económicas y Empresariales20122012-07-01research articlehttp://purl.org/coar/resource_type/c_2df8fbb1VoRhttp://purl.org/coar/version/c_970fb48d4fbd8a85info:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10486/717086https://dx.doi.org/10.5539/ibr.v6n1p1reponame:Biblos-e Archivo. Repositorio Institucional de la UAMinstname:Universidad Autónoma de MadridInglésengopen accesshttp://purl.org/coar/access_right/c_abf2Attribution 4.0 Internationalhttp://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessoai:repositorio.uam.es:10486/7170862026-06-23T12:46:27Z
dc.title.none.fl_str_mv Operational risk management for insurers
title Operational risk management for insurers
spellingShingle Operational risk management for insurers
Martínez Torre-Enciso, María Isabel
Risk management
Insurance
Solvency II
Operational risk
Economía
title_short Operational risk management for insurers
title_full Operational risk management for insurers
title_fullStr Operational risk management for insurers
title_full_unstemmed Operational risk management for insurers
title_sort Operational risk management for insurers
dc.creator.none.fl_str_mv Martínez Torre-Enciso, María Isabel
Hernández Barros, Rafael
author Martínez Torre-Enciso, María Isabel
author_facet Martínez Torre-Enciso, María Isabel
Hernández Barros, Rafael
author_role author
author2 Hernández Barros, Rafael
author2_role author
dc.contributor.none.fl_str_mv Departamento de Financiación e Investigación Comercial
Facultad de Ciencias Económicas y Empresariales
dc.subject.none.fl_str_mv Risk management
Insurance
Solvency II
Operational risk
Economía
topic Risk management
Insurance
Solvency II
Operational risk
Economía
description Insurance companies face many risks, which should be managed, but their core competences and main contribution to society is to accept the risks underwritten by businesses and individuals, hence the strategic importance for citizens and governments that insurers protect their assets and revenues, and that policies and scientific methods are established to ensure a minimum financial solvency and the continuity of its operations. Operational risk is increasingly important in the management and corporate governance of insurance companies, which increasingly have greater implications and interactions with the other risks that this insurers face, such as market or credit risks. The management and analysis of operational risk is a necessary activity for insurers, presenting many opportunities for development and a major field of study on conceptual and practical issues due to the particularity and complexity implied in this type of risk. The new European regulation, Solvency II, will inexorably increase the need of an effective management of operational risks and the development and implementation of structured methodologies for its analysis. It is also reviewed the classical technique of modeling, Value at Risk (VaR), and other methodologies for the analysis and quantification of operational risk for insurers
publishDate 2012
dc.date.none.fl_str_mv 2012
2012-07-01
dc.type.none.fl_str_mv research article
http://purl.org/coar/resource_type/c_2df8fbb1
VoR
http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv http://hdl.handle.net/10486/717086
https://dx.doi.org/10.5539/ibr.v6n1p1
url http://hdl.handle.net/10486/717086
https://dx.doi.org/10.5539/ibr.v6n1p1
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution 4.0 International
http://creativecommons.org/licenses/by/4.0/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution 4.0 International
http://creativecommons.org/licenses/by/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Canadian Center of Science and Education
publisher.none.fl_str_mv Canadian Center of Science and Education
dc.source.none.fl_str_mv reponame:Biblos-e Archivo. Repositorio Institucional de la UAM
instname:Universidad Autónoma de Madrid
instname_str Universidad Autónoma de Madrid
reponame_str Biblos-e Archivo. Repositorio Institucional de la UAM
collection Biblos-e Archivo. Repositorio Institucional de la UAM
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,812429

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