scholarly journals An Integrated Dynamic Financial Analysis and Decision Support System for a Property Catastrophe Reinsurer

1997 ◽  
Vol 27 (2) ◽  
pp. 339-371 ◽  
Author(s):  
Stephen P. Lowe ◽  
James N. Stanard

AbstractThis paper describes the dynamic financial analysis model currently being used by a property catastrophe reinsurer to manage its business. The model is-an integral part of the day-to-day operations at the Company, and is used as a decision making tool in the underwriting, investment, and capital management processes. The paper begins by describing the framework that the Company uses for risk management. This includes a classification of the risks facing the Company, which is used to define and prioritize their implementation in the model. Also included is a description of the conceptual approach the Company takes to evaluate the tradeoff between risk and return. The paper then goes on to describe the structure and operation of the dynamic financial analysis model and provides examples of its use at the Company, along with illustrative examples of the various types of output it produces.

2019 ◽  
Vol 3 (1) ◽  
pp. 82-100
Author(s):  
Devi Lestari Pramita Putri ◽  
Wahyu Maulana

Nowadays, economic conditions in Indonesia are unstable, with the result that it is needed to look for the information from certain or credible sources. Especially in financial information because of that, it is very influential to those who play an important role in policymakers. Besides, the precise financial information is also needed by the investors and creditors who are used as a basis for consideration to make profitable investments or vice versa. The objective of this study is to find out the financial information as an investment decision-making tool and to find out the level of health of cooperatives in the financial sector as financial information to investors and creditors. Then, the object of this study is Koperasi Syariah Nuri in East Java. This study employed descriptive quantitative research. The sampling technique is purposive sampling. The data sample used is in the form of financial statements from 2015 to 2017. Based on the data analysis, the results show us that: capital ratio in healthy criteria, cash ratio in liquid criteria, ROA insufficient criteria, ROE insufficient criteria, Fewer criteria generated by the service operational independence ratio. Keywords : Financial information, Financial analysis, and Investment decision


2000 ◽  
Vol 5 (1) ◽  
pp. 19-27 ◽  
Author(s):  
Ronny Swain

The paper describes the development of the 1998 revision of the Psychological Society of Ireland's Code of Professional Ethics. The Code incorporates the European Meta-Code of Ethics and an ethical decision-making procedure borrowed from the Canadian Psychological Association. An example using the procedure is presented. To aid decision making, a classification of different kinds of stakeholder (i.e., interested party) affected by ethical decisions is offered. The author contends (1) that psychologists should assert the right, which is an important aspect of professional autonomy, to make discretionary judgments, (2) that to be justified in doing so they need to educate themselves in sound and deliberative judgment, and (3) that the process is facilitated by a code such as the Irish one, which emphasizes ethical awareness and decision making. The need for awareness and judgment is underlined by the variability in the ethical codes of different organizations and different European states: in such a context, codes should be used as broad yardsticks, rather than precise templates.


Author(s):  
Igor Klimenko ◽  
A. Ivlev

The study carried out in this work made it possible to expand the rank scale for a priori assessment of the chosen strategy in terms of increasing the sensitivity of assessing the caution / negligence ratio using risky, as well as classical decision-making criteria under conditions of statistical uncertainty.


1995 ◽  
Vol 32 (1) ◽  
pp. 41-48 ◽  
Author(s):  
Y. Azzout ◽  
S. Barraud ◽  
F. N. Cres ◽  
E. Alfakih

The choice of alternative techniques in urban stormwater drainage (infiltration and detention systems), in the course of a project, is most often made with a poor understanding of site constraints, and the possibilities afforded by these techniques. This gives rise to extra costs and also subsequent malfunctioning. To arrive at feasible choices, we have formalised the decision-making process, taking account of the multiple criteria and the large number of partners involved. At present, we are developing a decision-making tool for alternative techniques in urban stormwater management at the preliminary study stage. The first phase makes it possible to eliminate solutions which are unworkable (elimination phase). It is aimed at the designer. Work on the next phase (the decision-making phase), which is more complex, is in progress. It will make it possible, in collaboration with all the partners involved, to choose a stormwater drainage strategy which will best suit the objectives and the wishes of the partners. It uses multi-criteria methods.


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