Operational risk quantification and modelling within Romanian insurance industry

Operational risk quantification and modelling within Romanian insurance industry

This paper aims at covering and describing the shortcomings of various models used to quantify and model the operational risk within insurance industry with a particular focus on Romanian specific regulation: Norm 6/2015 concerning the operational risk issued by IT systems. While most of the local i...

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Bibliographic Details
Main Authors: Tudor Răzvan, Badea Dumitru
Format: Article
Language:English
Published: Sciendo 2017-07-01
Series:Proceedings of the International Conference on Business Excellence
Subjects:
operational risk
insurance
frequency – severity approach
bayesian techniques
scenario analysis
risk accounting
risk units
iso 27001
standard model
internal model
solvency ii
fsa regulation
Online Access:https://doi.org/10.1515/picbe-2017-0068

Internet

https://doi.org/10.1515/picbe-2017-0068

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