LEADER 06513oam 22014294 450 001 9910965239903321 005 20250426110936.0 010 $a9781498306775 010 $a1498306772 010 $a9781498324557 010 $a149832455X 010 $a9781498394253 010 $a1498394256 035 $a(CKB)2550000001352318 035 $a(EBL)1779676 035 $a(SSID)ssj0001398947 035 $a(PQKBManifestationID)11801408 035 $a(PQKBTitleCode)TC0001398947 035 $a(PQKBWorkID)11446946 035 $a(PQKB)10996470 035 $a(Au-PeEL)EBL1779676 035 $a(CaPaEBR)ebr10928006 035 $a(CaONFJC)MIL642235 035 $a(OCoLC)884466716 035 $a(IMF)WPIEE2014133 035 $a(IMF)WPIEA2014133 035 $a(MiAaPQ)EBC1779676 035 $aWPIEA2014133 035 $a(EXLCZ)992550000001352318 100 $a20020129d2014 uf 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aMacroprudential Solvency Stress Testing of the Insurance Sector /$fAndreas Jobst, Nobuyasu Sugimoto, Timo Broszeit 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2014. 215 $a1 online resource (85 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 311 08$a9781484346365 311 08$a148434636X 311 08$a9781322109848 311 08$a1322109842 327 $aCover; Contents; Glossary; I. Introduction; Figures; 1. Overview of IMF FSAP's and Completion of Insurance Stress Tests; 2. Number of Completed Insurance Stress Tests in FSAP's Before and After the Global Financial Crisis; II. Overview and Framework; A. Macroprudential Stress Testing for Insurance; B. Differences between Banks and Insurance Companies and Their Implications for Stress Testing; 3. Stylized Insurance Balance Sheet and Solvency Control Levels; Boxes; 1. General Macro-Financial and Systemic Risk Implications for Insurance; III. Process and Methodologies; 4. Stress Testing Process 327 $a2. The Taxonomy of Stress Testing Approaches A. Object of Analysis; B. Determination of Scope; C. Methodological Framework and Data Quality; D. Valuation and Capital Resources; 5a. Overview of Solvency Regimes-Risk Measurement; 5b. Overview of Solvency Regimes-Valuation Standards; E. Scenario Design and Other Assumptions; 6. Elements of Risk Assessment and Scope of FSAP Stress Testing; 3. Recessionary Scenarios in the Insurance Sector; 4. Assessing the Impact of Low Interest Rates on Insurance Activities; F. Risk Factors and Aggregation Approaches; 5. Liquidity Risk in Insurance 327 $a8. National and IMF Stress Testing for Non-life (Re) insurance-A Case Study of Bermuda 330 3 $aOver the last decade, stress testing has become a central aspect of the Fund?s bilateral and multilateral surveillance work. Recently, more emphasis has also been placed on the role of insurance for financial stability analysis. This paper reviews the current state of system-wide solvency stress tests for insurance based on a comparative review of national practices and the experiences from Fund?s FSAP program with the aim of providing practical guidelines for the coherent and consistent implementation of such exercises. The paper also offers recommendations on improving the current insurance stress testing approaches and presentation of results. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2014/133 606 $aInsurance$vExaminations, questions, etc 606 $aInsurance$xEvaluation 606 $aFinance: General$2imf 606 $aInsurance$2imf 606 $aIndustries: Financial Services$2imf 606 $aInsurance Companies$2imf 606 $aActuarial Studies$2imf 606 $aFinancing Policy$2imf 606 $aFinancial Risk and Risk Management$2imf 606 $aCapital and Ownership Structure$2imf 606 $aValue of Firms$2imf 606 $aGoodwill$2imf 606 $aFinancial Institutions and Services: Government Policy and Regulation$2imf 606 $aPension Funds$2imf 606 $aNon-bank Financial Institutions$2imf 606 $aFinancial Instruments$2imf 606 $aInstitutional Investors$2imf 606 $aBankruptcy$2imf 606 $aLiquidation$2imf 606 $aGeneral Financial Markets: Government Policy and Regulation$2imf 606 $aFinance$2imf 606 $aInsurance & actuarial studies$2imf 606 $aStress testing$2imf 606 $aInsurance companies$2imf 606 $aSolvency$2imf 606 $aFinancial Sector Assessment Program$2imf 606 $aFinancial sector policy and analysis$2imf 606 $aFinancial institutions$2imf 606 $aFinancial risk management$2imf 606 $aDebt$2imf 606 $aFinancial services industry$2imf 607 $aUnited States$2imf 615 0$aInsurance 615 0$aInsurance$xEvaluation. 615 7$aFinance: General 615 7$aInsurance 615 7$aIndustries: Financial Services 615 7$aInsurance Companies 615 7$aActuarial Studies 615 7$aFinancing Policy 615 7$aFinancial Risk and Risk Management 615 7$aCapital and Ownership Structure 615 7$aValue of Firms 615 7$aGoodwill 615 7$aFinancial Institutions and Services: Government Policy and Regulation 615 7$aPension Funds 615 7$aNon-bank Financial Institutions 615 7$aFinancial Instruments 615 7$aInstitutional Investors 615 7$aBankruptcy 615 7$aLiquidation 615 7$aGeneral Financial Markets: Government Policy and Regulation 615 7$aFinance 615 7$aInsurance & actuarial studies 615 7$aStress testing 615 7$aInsurance companies 615 7$aSolvency 615 7$aFinancial Sector Assessment Program 615 7$aFinancial sector policy and analysis 615 7$aFinancial institutions 615 7$aFinancial risk management 615 7$aDebt 615 7$aFinancial services industry 676 $a368.0076 700 $aJobst$b Andreas$01815732 701 $aBroszeit$b Timo$01816342 701 $aSugimoto$b Nobuyasu$01816343 801 0$bDcWaIMF 906 $aBOOK 912 $a9910965239903321 996 $aMacroprudential Solvency Stress Testing of the Insurance Sector$94372355 997 $aUNINA