Research Catalog

Title

The financial dynamics of the insurance industry / edited by Edward I. Altman and Irwin T. Vanderhoof ; New York University Salomon Center ; Leonard N. Stern School of Business.

Publication

Burr Ridge, IL : Irwin Professional Pub., [1995], ©1995.

Items in the Library & Off-site

Holdings

Details

Additional Authors

• Altman, Edward I., 1941-
• Vanderhoof, Irwin T.
• New York University. Salomon Center.
• Leonard N. Stern School of Business.
• Conference on the Dynamics of the Insurance Industry (1993 : Salomon Center)

Description

xii, 512 pages; 25 cm

Summary

• This book explores the financial dynamics of the $2 trillion insurance industry - past, present, and future. Inside, industry scholars, regulators, and practitioners offer objective, rigorous analyses of the challenges facing the industry, including insolvency, risk-based capital regulations, default risk, asset allocation, performance measurement, and other pressing issues. These critical insights provide a glimpse at the forces that promise to shape and change the insurance industry as we know it.
• The insurance industry is at an important crossroad. The Financial Dynamics of the Insurance Industry, through its "panel of experts," examines the industry's past, evaluates current financial choices and challenges, and provides guidance for maximizing future opportunities.

Subject

• Insurance > United States > Congresses

Note

• "Papers presented at 'The Conference on the Dynamics of the Insurance Industry' May 20 and 21, 1993 ... organized by the NYU Salomon Center with the cooperation of the finance department of the Stern School of Business"--Pref.

Contents

• Preface: Financial Dynamics of the Insurance Industry / Edward I. Altman and Irwin T. Vanderhoof -- Pt. 1. Solvency of Life Insurance Companies -- Introduction: NAIC Solvency Agenda: An Overview / Sanford Rich. 1. Objectives and Expected Impact of Risk-Based Capital Requirements for Life Insurance Companies / Terence Lennon. 2. Identifying Life Insurer Financial Distress: Classification Models and Empirical Evidence / James M. Carson and Robert E. Hoyt. 3. Solvency Monitoring of Insurance Companies: Regulators' Role and Future Direction / 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 / Vincent Laurenzano. 5. Risk-Based Capital Requirements for Property-Liability Insurers: A Financial Analysis Issues / J. David Cummins, Scott Harrington and Greg Niehaus. 6. A Cost-Effective Approach for Regulating Insurance Company Solvency / Joan Lamm-Tennant, Laura Starks and Lynne Stokes.
• Pt. 3. Solvency: Defaulted Securities and Illiquidity. 7. Losses to Bankrupt Firms' Bondholders / Edward I. Altman, Allan C. Eberhart and Kenneth Zekavat. 8. Liquidity Options for Insurers / Neil D. Holden and M. E. Ellis. 9. Implications of Asset Illiquidity / Patrick J. Corcoran and Duen-Li Kao -- Pt. 4. Asset Operations of Insurance Companies. 10. Investment Implications of Insurance Company Liabilities / Jacqueline M. Keating, Daniel J. McCarthy and Meredith A. Ratajczak. 11. Asset-Liability Matching in the Life Insurance Industry / David F. Babbel. 12. Asset-Liability Management for a Going Concern / William H. Panning. 13. Asset Allocation for Property and Casualty Insurance Companies / Walter Blasberg, Sar Kun Moy, Martin Palmeri and John Fitzgerald -- Pt. 5. Performance Measurement. 14. Multi-Index Models and Performance Measurement / Edwin J. Elton and Martin J. Gruber. 15. Performance Measurement and Management / Irwin T. Vanderhoof.
• 16. Total Return Approach to Performance Measurement / Thomas S. Y. Ho, Alex G. Scheitlin and Kin O. Tam -- Pt. 6. Performance of Specific Kinds of Assets. 17. The Role of Real Estate Investment in Insurance Company Portfolios / Jarl C. Kallberg, Crocker H. Liu and D. Wylie Greig. 18. The Time-Variation of Risk Premiums on Insurance Company Stocks / Jianping Mei and Anthony Saunders. 19. The Changing Role of Life Insurance Companies in the Private Placement Market / Mark Carey, Stephen Prowse, John Rea and Gregory Udell. 20. The Dynamics of the Insurance Industry / Gery J. Barry. 21. Defaults and Returns on High Yield Bonds: Analysis through 1992 / Edward I. Altman -- Pt. 7. Asset-Liability Matching. 22. Insurance Company Performance Measurement / Frank J. Jones. 23. Investment Policy Options / Robert M. Chmely.

ISBN

1556236344

LCCN

94027616

OCLC

• 30700678
• ocm30700678

Owning Institutions

Columbia University Libraries