Summary: |
| The paper introduces modelling of the financial distress costs in an insurance company as a corporation with risky debt, and investigates the existence of risk management incentives in insurance business in the presence of financial distress costs. |
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| Date: 1 June - Time: 16:15 to 17:45 - Room: 251 |
| Theme: 1.B. Solvency measurements and asset-liability management |
