Management Strategies and Dynamic Financial Analysis

Variance, Vol. 2, No. 1, pp. 54-66

23 Pages Posted: 10 Nov 2006 Last revised: 10 Jun 2013

See all articles by Martin Eling

Martin Eling

University of St. Gallen - Institute of Insurance Economics; University of Saint Gallen - School of Finance (SoF)

Thomas Parnitzke

University of St. Gallen - SEPS: Economics and Political Sciences

Hato Schmeiser

University of Muenster - Faculty of Economics; University of St. Gallen - I.VW-HSG

Date Written: September 21, 2006

Abstract

Dynamic financial analysis (DFA) has become an important tool in analyzing the financial situation of insurance companies. Constant development and documentation of DFA tools has occurred during the last years. However, several questions concerning the implementation of DFA systems have not been answered in the DFA literature to date. One such important issue is the consideration of management strategies in the DFA context. The aim of this paper is to study the effects of different management strategies on a non-life insurer's risk and return profile. Therefore, we develop several management strategies and test them numerially within a DFA simulation study.

Keywords: Dynamic Financial Analysis, Performance Measurement, Simulation, Non-Life Insurance

JEL Classification: C15, G22, G31, G32

Suggested Citation

Eling, Martin and Parnitzke, Thomas and Schmeiser, Hato, Management Strategies and Dynamic Financial Analysis (September 21, 2006). Variance, Vol. 2, No. 1, pp. 54-66. Available at SSRN: https://ssrn.com/abstract=943788 or http://dx.doi.org/10.2139/ssrn.943788

Martin Eling (Contact Author)

University of St. Gallen - Institute of Insurance Economics ( email )

Kirchlistrasse 2
St. Gallen, 9010
Switzerland

University of Saint Gallen - School of Finance (SoF) ( email )

Unterer Graben 21
St.Gallen, CH-9000
Switzerland

Thomas Parnitzke

University of St. Gallen - SEPS: Economics and Political Sciences ( email )

Rosenbergstrasse 51
St. Gallen, St. Gallen CH-9000
Switzerland

Hato Schmeiser

University of Muenster - Faculty of Economics ( email )

Universitätsstr. 14-16
48143 Munster
Germany

University of St. Gallen - I.VW-HSG ( email )

Kirchlistrasse 2
St. Gallen, 9010
Switzerland

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