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DOI:10.2139/ssrn.3491667 - Corpus ID: 219395197
@article{Moreno2021UsingTZ, title={Using the Z-Score to Analyze the Financial Soundness of Insurance Firms}, author={Ignacio Moreno and Purificaci{\'o}n Parrado-Mart{\'i}nez and Antonio Trujillo‐Ponce}, journal={Chicago Booth: Accounting Research Center Research Paper Series}, year={2021}, url={https://api.semanticscholar.org/CorpusID:219395197}}- Ignacio Moreno, Purificación Parrado-Martínez, Antonio Trujillo‐Ponce
- Published in European Journal of… 1 June 2021
- Business, Economics
PurposeDespite the sophisticated regulatory regime established in Solvency II, analysts should be able to consider other less complex indicators of the soundness of insurers. The Z-score measure, which has traditionally been used as a proxy of individual risk in the banking sector, may be a useful tool when applied in the insurance sector. However, different methods for calculating this indicator have been proposed in the literature. This paper compares six different Z-score approaches to…
8 Citations
1
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The results show that the applicability of the Z-Score model to a certain company in financial risk early warning is low, and the threshold of the financialrisk early warning model should be dynamically adjusted according to various industries to assist enterprises in realizing the financial risk crisis in time to take adequate measures.
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Purpose - We examine the effect of concentration in the insurance sector on insurer stability for a large set of developed and developing countries. In particular, we test whether concentration…
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