Rapporto sul risparmio e i risparmiatori

Guida alla lettura del Prospetto informativo CONSOB

Numero monografico pubblicato nella rivista Sigma, n. 2 (2008)

On-site visits to financial service firms were conducted to review and evaluate their risk management systems. In the insurance sector, this evaluation covered prominent life/health and property-liability insurers, both in the United States and abroad. The information obtained covered both the philosophy and the practice of financial risk management. This article outines the results of this investigation. It reports the state of risk management techniques in the industry. It reports the standard of practice and evaluates how and why it is conducted in the particular way chosen. In addition, critiques are offered where appropriate. We discuss the problems which the industry finds most difficult to address, shortcomings of the current methodology used to analyze risk, and the elements that are missing in the current procedures of risk management.

Risk is a pervasive characteristic of life in developing countries, especially in rural areas. The economies depend heavily on weather conditions, and experience frequent weather hazards, such as drought, floods and windstorms. These factors typically affect most households and companies in the same area at the same time. Furthermore, as households and companies typically have a low asset base and little access to well developed insurance and credit markets, they are financially ill-equipped to deal with weather shocks. As a result, their weather risk management (WRM) is inefficient resulting in negative implications for economic and social development. New WRM insurance instruments, like area-based weather indices, provide a viable alternative to traditional insurance instruments, and offer real advantages to households, companies and governments in developing countries.

Per fotografare lo ‘stato dell’arte’ di Solvency II e catturare le aspettative degli operatori e il grado di proattività e preparazione dei progetti d’implementazione, KPMG ha interpellato i principali protagonisti del mercato assicurativo italiano. L’analisi consente di cogliere l’atteggiamento delle compagnie verso i progetti di adeguamento alla Direttiva. In questa prospettiva rappresenta un punto di partenza per dare avvio a riflessioni più ampie sui principali temi su cui le imprese assicurative, a breve, dovranno prendere delle decisioni rilevanti.

Article published in Environmental finance under the title ' Seeking a standard pricing model', March 2000