Abstract
Although insurers have developed sophisticated techniques for measuring and managing mortality risks, asset-liability mismatch, and interest rate risks, they may underestimate the potential cost of operational risks. This is a case study of an Australian life insurer, which made a series of very expensive mistakes.
Original language | English |
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Pages (from-to) | 263-288 |
Number of pages | 26 |
Journal | Risk Management and Insurance Review |
Volume | 15 |
Issue number | 2 |
DOIs | |
Publication status | Published - Sept 2012 |