DYNAMIC FINANCIAL ANALYSIS WITH DEPENDENCE BETWEEN MOTOR OWN DAMAGE INSURANCE AND COMPULSORY MOTOR INSURANCE USING COPULAS – THE CASE OF TURKEY

Betül Zehra Karagül; Murat Büyükyazıcı

doi:10.18038/aubtda.306784

EN

DYNAMIC FINANCIAL ANALYSIS WITH DEPENDENCE BETWEEN MOTOR OWN DAMAGE INSURANCE AND COMPULSORY MOTOR INSURANCE USING COPULAS – THE CASE OF TURKEY

Abstract

Insurance companies can measure their ruin probability and default risk more realistically and have strong management strategies with Dynamic Financial Analysis (DFA). In this paper, the influence of the dependence between motor own damage insurance and compulsory motor insurance, that are two really important lines of business for nonlife insurance, on the risk, return and performance in a nonlife insurer’s DFA is investigated. The dependency is integrated to the DFA framework using copulas concept. In the application non-life insurance data of Turkey is used.

Keywords

Dynamic Financial Analysis,Dependency between lines of business in insurance,Copulas,Non-life insurance

References

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Details

Primary Language

English

Subjects

Engineering

Journal Section

Research Article

Authors

Betül Zehra Karagül
HacettepeÜniversitesi
Türkiye

Murat Büyükyazıcı
HACETTEPE ÜNİVERSİTESİ
Türkiye

Publication Date

December 31, 2017

Submission Date

April 18, 2017

Acceptance Date

September 12, 2017

Published in Issue

Year 2017 Volume: 18 Number: 5

DOI

https://doi.org/10.18038/aubtda.306784

IZ

https://izlik.org/JA66SD24WM

APA

Karagül, B. Z., & Büyükyazıcı, M. (2017). DYNAMIC FINANCIAL ANALYSIS WITH DEPENDENCE BETWEEN MOTOR OWN DAMAGE INSURANCE AND COMPULSORY MOTOR INSURANCE USING COPULAS – THE CASE OF TURKEY. Anadolu University Journal of Science and Technology A - Applied Sciences and Engineering, 18(5), 951-961. https://doi.org/10.18038/aubtda.306784

AMA

1.Karagül BZ, Büyükyazıcı M. DYNAMIC FINANCIAL ANALYSIS WITH DEPENDENCE BETWEEN MOTOR OWN DAMAGE INSURANCE AND COMPULSORY MOTOR INSURANCE USING COPULAS – THE CASE OF TURKEY. AUJST-A. 2017;18(5):951-961. doi:10.18038/aubtda.306784

Chicago

Karagül, Betül Zehra, and Murat Büyükyazıcı. 2017. “DYNAMIC FINANCIAL ANALYSIS WITH DEPENDENCE BETWEEN MOTOR OWN DAMAGE INSURANCE AND COMPULSORY MOTOR INSURANCE USING COPULAS – THE CASE OF TURKEY”. Anadolu University Journal of Science and Technology A - Applied Sciences and Engineering 18 (5): 951-61. https://doi.org/10.18038/aubtda.306784.

EndNote

Karagül BZ, Büyükyazıcı M (December 1, 2017) DYNAMIC FINANCIAL ANALYSIS WITH DEPENDENCE BETWEEN MOTOR OWN DAMAGE INSURANCE AND COMPULSORY MOTOR INSURANCE USING COPULAS – THE CASE OF TURKEY. Anadolu University Journal of Science and Technology A - Applied Sciences and Engineering 18 5 951–961.

IEEE

[1]B. Z. Karagül and M. Büyükyazıcı, “DYNAMIC FINANCIAL ANALYSIS WITH DEPENDENCE BETWEEN MOTOR OWN DAMAGE INSURANCE AND COMPULSORY MOTOR INSURANCE USING COPULAS – THE CASE OF TURKEY”, AUJST-A, vol. 18, no. 5, pp. 951–961, Dec. 2017, doi: 10.18038/aubtda.306784.

ISNAD

Karagül, Betül Zehra - Büyükyazıcı, Murat. “DYNAMIC FINANCIAL ANALYSIS WITH DEPENDENCE BETWEEN MOTOR OWN DAMAGE INSURANCE AND COMPULSORY MOTOR INSURANCE USING COPULAS – THE CASE OF TURKEY”. Anadolu University Journal of Science and Technology A - Applied Sciences and Engineering 18/5 (December 1, 2017): 951-961. https://doi.org/10.18038/aubtda.306784.

JAMA

1.Karagül BZ, Büyükyazıcı M. DYNAMIC FINANCIAL ANALYSIS WITH DEPENDENCE BETWEEN MOTOR OWN DAMAGE INSURANCE AND COMPULSORY MOTOR INSURANCE USING COPULAS – THE CASE OF TURKEY. AUJST-A. 2017;18:951–961.

MLA

Karagül, Betül Zehra, and Murat Büyükyazıcı. “DYNAMIC FINANCIAL ANALYSIS WITH DEPENDENCE BETWEEN MOTOR OWN DAMAGE INSURANCE AND COMPULSORY MOTOR INSURANCE USING COPULAS – THE CASE OF TURKEY”. Anadolu University Journal of Science and Technology A - Applied Sciences and Engineering, vol. 18, no. 5, Dec. 2017, pp. 951-6, doi:10.18038/aubtda.306784.

Vancouver

1.Betül Zehra Karagül, Murat Büyükyazıcı. DYNAMIC FINANCIAL ANALYSIS WITH DEPENDENCE BETWEEN MOTOR OWN DAMAGE INSURANCE AND COMPULSORY MOTOR INSURANCE USING COPULAS – THE CASE OF TURKEY. AUJST-A. 2017 Dec. 1;18(5):951-6. doi:10.18038/aubtda.306784

Cited By

Examples of the application of the Dynamic Financial Analysis (DFA) method to assess the financial situation and solvency of insurance companies

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