
INSURANCE COMPANY RISKS
INVESTMENT
RISKS
PREMIUM AND
RESERVE RISK
TECHNICAL
RISKS
OTHER RISKS
BEING TAKEN
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LIFE RISKS
(MORT ALITY,
CALAMITY)
NON-LIFE RISKS
OPERA TIONAL RISKS
COVERED
OTHER RISKS BEING
ASSUMED
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CREDIT RISKS
MARKET RISKS
(EQUITIES, INTEREST
RA TES, FOREX)
RESIDUAL BUSINESS
RISK
ASSETS/LIABILITIES
MISMA TCH RISK
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PROSPECTIVE
CLAIMS (MARGIN)
PRICING OF
CONTRACTS
RETROSPECTIVE
CLAIMS (UNDER-
RESERVING)
SOLVENCY RISKS
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NEW BUSINESS
LINE RISKS
INSURABILITY RISK
OPERA TIONAL RISK
(OWN ACTIVITIES)
COST CONTROL
RISKS
RISK OF FRAUD
(INTERNAL,
EXTERNAL)
PROL ONGED
LITIGA TION RISKS
12 Role of rating agencies in the
creditworthiness of insurance firms
12.1 Introduction ...