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CONTENTS OF THE OCTOBER 2006 ISSUE
Vol.74(3)
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![]() ACADEMIC ARTICLES
La couverture des risques assurables par les PME québécoises
Quantification du risque systématique de mortalité pour un
régime de rentes en cours de service
PROFESSIONAL ARTICLES
Financement de la santé: le rôle des assurances privées et
publiques
Les fonds de pension : structure, comptabilité, immunisation
et risque
H2O :
Élément simple mais si complexe dans sa gestion en sécurité civile
La notion de la maison de l’assuré et l’application du principe à une personne
morale – Revue de la jurisprudence et des grands principes Nouveautés au
sujet de la gouvernance des régimes de retraite
Current Events
1. Le vingt-cinquième anniversaire du sida – 2. Les compagnies
canadiennes sont vulnérables aux changements climatiques qui pointent à
l’horizon – 3. Une étude universitaire sur l’environnement légal canadien
et la tarification des assureurs de responsabilité – 4. Sun Life a conclu
une entente avec une banque chinoise – 5. La Société d’assurance
automobile du Québec annonce des tarifs selon le risque – 6. Axa devient
un poids lourd européen – 7. Les dix premiers assureurs mondiaux en 2006
– 8. Les cinq premiers courtiers mondiaux en 2005 – 9. Aon France
crée une entité spécialisée en risques financiers – 10. Le projet sur les
recours collectifs en France s’est rétréci – 11. La Cour suprême
américaine serait appelée éventuellement à trancher sur les dommages punitifs
trop élevés – 12. Un autre tsunami a frappé l’Indonésie en juillet 2006 –
13. La grippe aviaire présente dans 55 pays – 14. Projet de
législation américaine sur une commission des risques catastrophiques – 15.
La saison cyclonique dans l’Atlantique est moins active que prévu –
The Internet Surfer Page
La couverture des risques assurables par les PME québécoises The survey covers 891 respondents and shows that 73 % express a rather strong concern relating to insurable risks. In terms of actual insurance coverage, our results show that SMEs use a relatively high number of contracts among those that are widely available on the market. The results also show that the vast majority of respondents buy their insurance coverage through a broker rather than with a direct writer. The two most common factors restraining the use of insurance by SMEs are the high coverage costs relative to benefits and the restrictions associated with the severe exclusions imposed by insurers. Overall, our results give a rather positive outlook of the depth and breadth of the small business insurance market in Québec. Keywords: Risk perception, insurance, SMEs.
Quantification du risque systématique de mortalité pour un régime
de rentes en cours de service The aim of this paper is to propose a realistic and operational model to quantify the systematic risk of mortality included in an engagement of retirement. The model presented is built on the basis of model of Lee-Carter. The stochastic prospective tables thus built make it possible to project the evolution of the random mortality rates in the future and to quantify the systematic risk of mortality. Keywords: Prospective tables, extrapolation, adjustment, life annuities, stochastic mortality.
Financement de la santé: le rôle des assurances privées et
publiques The health care sector is of growing importance in most of the economies and costs pressures associated with an ageing population and the rapid development of innovations and new technologies have opened the debate for the privatization of health care markets and services. The existing role of the insurance schemes in many countries creates market segmentation and a non-competitive environment. Taking into account the participants in the market: (a) the health care providers, (b) the insured patients, and (c) the insurance schemes financing all or part of health care, the purpose of this paper is to examine the role of private insurance schemes in the functioning of the market.
Les fonds de
pension : structure, comptabilité, immunisation et risque Over the last decades, the number of defined contribution (DC) pension plans has increased rapidly. These funds have gradually replaced the traditional pension funds called defined benefit (DB) pension plans. At the end of 2000, DC plans had 2.5 trillion dollars in total assets under their control, equivalent to about 20% of the total market capitalization of the New York Stock Exchange. Moreover, it is well-documented that a large part of the assets in these plans are invested in the stock of the company that employs the worker. This investment behavior runs against the traditional portfolio theory. In the present document, we review some of the main findings on these pension funds. We highlight the theories explaining this apparent overinvestment in the employer stocks. Finally, we propose a simple model to illustrate the under-diversification cost for the worker.
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Last updated: November 2006
Insurance and Risk Management Journal, revue.assurances@hec.ca © HEC Montréal, 2006 All rights reserved. |
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