More Fun at Lower Risk: New Opportunities for PRI-Related Asset Management of German Pension Insurance Funds

2015 ◽  
pp. 173-192 ◽  
Author(s):  
Christian Hertrich ◽  
Henry Schäfer
Keyword(s):  
Asset Management ◽  
Lower Risk ◽  
Pension Insurance ◽  
Insurance Funds

scholarly journals Improving Supervision of Pension Asset Management: Transition to Prudential (Risk-Based) Supervision

2020 ◽  
Vol 16 (1) ◽  
pp. 85-96
Author(s):  
Tat’yana S. Yesaulkova
Keyword(s):  
Risk Management ◽  
Asset Management ◽  
Financial Stability ◽  
Pension System ◽  
Pension Funds ◽  
Capital Requirements ◽  
Pension Insurance ◽  
Advantages And Disadvantages ◽  
State Pension ◽  
State Pension Funds

The Object of the Study is the management of pension assets - investment / placement of pension funds (pension savings and pension reserves). The Subject of the Study is the introduction of prudential (risk - oriented) supervision in order to improve the financial stability of non-state pension funds (NPF), ensuring the safety of pension assets. The purpose of the article is to analyze the main positions and principles of this supervision, its advantages and disadvantages. The Main Theoretical Aspects of the article: one of the basic goals of macroprudential supervision is creating conditions under which non-state pension funds would implement effective risk management which would improve the safety of pension assets. Among the tools of such supervision: stress testing, creating a risk management system in NPF and management companies participating in the pension system, proportional regulation. At the same time, macroprudential supervision does not exclude the establishment of capital requirements, corporate governance, restrictions on investment objects and the structure of the investment portfolio. In view of the introduction of such supervision, it is proposed to revise a number of requirements for non-state pension funds, as well as for the established restrictions on investing pension funds, e.g. to provide for the possibility of reducing the established requirement for the minimum amount of NPF's own funds, without reducing the requirements for the adequacy of assets for performance and obligations to depositors, participants, and insured persons). In view of the convergence of mandatory pension insurance (МPI) and non-state pension provision (NPP) systems and in connection with the new concept of the pension system under discussion it is proposed to abandon proportional regulation of the NPF's activities depending on the type of activity and to abandon differences in investment requirements in the MPI and NPP systems.

Research on Institutional Innovation of China’s Green Insurance Investment

2019 ◽  
Vol 04 (01) ◽  
pp. 1950003 ◽  
Author(s):  
Haitao Chen ◽  
Meifang Yao ◽  
Dazhi Chong
Keyword(s):  
Asset Management ◽  
Institutional Innovation ◽  
Assessment System ◽  
Insurance Fund ◽  
Low Carbon ◽  
Investment Projects ◽  
Green Finance ◽  
Insurance Funds ◽  
Policy Promotion ◽  
Management Institutions

Carrying out green insurance investment is of great significance for improving the green financial service system, expanding the investment space for insurance funds, improving the ability of insurance fund service ecological environment construction, and promoting the transformation of China’s economy towards a green and low-carbon sustainable development. In recent years, China’s green finance has made great progress, but its scale is only a drop in the ocean compared with the huge demand for green investment. In particular, the scale and influence of green insurance investment is small, and the role played by it is not obvious. In terms of the system, top-level design and promotion are not sufficient, and the insurance asset management institutions are less active and innovative. Therefore, it is recommended to start from the institutional innovation of green insurance investment, strengthen policy promotion and build an efficient examination and approval registration and inspection and assessment system. Also, giving full play to the role of industry infrastructure, improving the liquidity of green insurance investment projects, effectively stimulating the internal motivation of insurance institutions will promote the steady development of China’s green insurance investment.

scholarly journals An Empirical Study on the Performance of Select Multicap Equity Mutual Funds in India

2018 ◽  
Vol 4 (02) ◽  
Author(s):  
Deepika Kamboj ◽  
Shukrant Jagotra
Keyword(s):  
Mutual Funds ◽  
Asset Management ◽  
Mutual Fund ◽  
Lower Risk ◽  
Consumer Preferences ◽  
Equity Fund ◽  
Equity Mutual Funds ◽  
Retail Investors ◽  
Industry Trends

Mutual funds are emerging as a popular choice among investors to park their surplus funds in India as exemplified by increasing assets under management (AUM). The study discusses several industry trends such as increase in mutual fund accounts and schemes, changing consumer preferences towards equity mutual funds and the increasing role of retail investors in the overall mutual fund market. While barriers continue to act as deterrents, the overall industry is poised to reach INR20,00,000 crore in terms of AUM by FY18. The study aims to evaluate the annual as well as periodical performance of 5 multicap mutual fund schemes of top 5 asset management companies for the period of five years from 1st April 2012 to 31st March 2017. Taking SandP BSE 500 as the benchmark index, the study computes several absolute and relative performance measures using Sharp and Treynor Ratios along with Jensen Alpha. The study finds that all schemes except HDFC Premier Multicap fund generated higher risk adjusted returns than the benchmark index. Birla Sunlife Equity fund emerged as the best performer with higher average returns and lower risk.

Insurance, size and exposure to actuarial risk: empirical evidence from nineteenth- and early twentieth-century German Knappschaften

2011 ◽  
Vol 19 (1) ◽  
pp. 75-116 ◽  
Author(s):  
Tobias Alexander Jopp
Keyword(s):  
Twentieth Century ◽  
Empirical Evidence ◽  
Financial Stability ◽  
Social Insurance ◽  
Economies Of Scale ◽  
Insurance Scheme ◽  
Pension Insurance ◽  
Insurance Benefits ◽  
Insurance Funds ◽  
Actuarial Risk

By the mid nineteenth century, German miners relied on their own job-related social insurance scheme providing them with sickness, invalidity and survivorship insurance benefits. Addressing the period from 1867 to 1913, this article investigates whether the mineworkers' insurance funds, the Knappschaften, could effectively minimise their exposure to the actuarial risk inherent in their operations – and, in fact, inherent in all such insurance schemes – by increasing the scale of pooling. Contemporary observers of the Knappschaften tended to focus on whether financial stability could be improved by exploiting economies of scale, rather than by improving the pricing techniques themselves. Evidence suggests that actuarial risk was minimised at around 5,000 contributors in a Knappschaft's pension insurance section and at about 1,000 contributors in its sickness insurance section.

scholarly journals Formation of the social package at the enterprise: domestic and foreign experience

2021 ◽  
pp. 24-32
Author(s):  
Liliia Morhai
Keyword(s):  
United States ◽  
Social Policy ◽  
The United States ◽  
Social Benefits ◽  
Pension Insurance ◽  
Compensation Package ◽  
The Social ◽  
The Us ◽  
Insurance Funds ◽  
Definition Of

The article describes the definition of «social package» and the content, characteristics and social benefits to which the employee is entitled while working at the enterprise. The essence of the compensation package and its function at the enterprise are analyzed. Motivation has been highlighted material motivation, which effectively influences and motivates employees to a better result at work. Problems have been identified. The need to introduce a social package at the enterprise has been substantiated. The directions of improvement of documentation of a social package at the enterprises are covered. The practice of providing social packages to employees at Ukrainian enterprises has been presented. The neds of employees in the relevant social benefits had been identified. It has been proposed to form social packages taking into account employees' needs and interests. The works of Ukrainian teachers who dealt with the content of the social package at the enterprise have been analyzed. Issues of the content of the social package in Ukraine and abroad, in particular in the United States and Germany have been covered. In Ukraine, the content of the social package depends on which institution a person works in - public or private. It had been found that the US legislation prescribes the social benefits that the company must provide to its employers. It has been established that there is compulsory health and pension insurance, and contributions to state insurance funds depend on the amount of salary in Germany. Methods of filling the social package in Western countries have been highlighted. It was found that the social policy of enterprises influences the content of the social package.

Sign in / Sign up

Export Citation Format

Share Document