IDEAS home Printed from https://ideas.repec.org/a/nwe/iisabg/y2015i1p64-80.html
   My bibliography  Save this article

Application of Derivatives in Portfolio Management by the Insurance

Author

Listed:
  • Stoimenka Tonova

    (NBU, Sofia, Bulgaria)

Abstract

Derivatives find broad application in the portfolio management process of many institu­tional investors. Having in mind the conservative investment profile and the numerous regulatory restrictions concerning their investments, the insurance companies were not among the pio­neers in this type of activity. During the last two decades the situation has changed and many insurers have discovered derivatives as a use­ful tool for more efficient portfolio management. Still there are a lot of problems and difficulties in this area but benefits could be substantial and the significance of derivatives for the investment policy of the insurance companies is expected to increase in the future.

Suggested Citation

  • Stoimenka Tonova, 2015. "Application of Derivatives in Portfolio Management by the Insurance," Ikonomiceski i Sotsialni Alternativi, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 64-80, Janyary.
    • Handle: RePEc:nwe:iisabg:y:2015:i:1:p:64-80
    as

    Download full text from publisher

    File URL: http://www.unwe.bg/uploads/Alternatives/4-Tonova.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    derivatives; risk; insurance;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nwe:iisabg:y:2015:i:1:p:64-80. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Vanya Lazarova (email available below). General contact details of provider: https://edirc.repec.org/data/unweebg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.