Publicação
Análise da rentabilidade de produtos de vida através do new business value
| Resumo: | Nowadays, insurance companies are increasingly exposed to the volatilities of the factors in the world around them, which constantly influences their gains and losses. In order to be able to face these constant uncertainties, insurance companies resort to measures that allow them to predict and control the risks to which they are exposed, in the long term, in order to study the profitability of their business. This is the framework where the concept of New Business Value (NBV) arises. It is a financial measure that allows assessing the profitability of an insurance company’s new business, which makes it possible to adjust its real value, taking into account the new business carried out. The present work intends to focus on the evaluation of the profitability of two life products, in force in the company where the internship took place, a capitalization product and a risk product. For this, we started by calculating the profitability for each of them based on the assumptions established according to appropriate criteria. After that, the sensitivity of their performances was analyzed according to the various scenarios applied to the assumptions used. In the different phases of the work, the question of the impact that each of the products has on the Company’s valuation value, measured through the NBV method, was always present. |
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| Autores principais: | Araújo, André Correia |
| Assunto: | New Business Value Present Value of Future Profits Cost of Capital New Business Value Valor Atual dos Lucros Futuros Custo de Capital |
| Ano: | 2022 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade de Lisboa |
| Idioma: | português |
| Origem: | Repositório da Universidade de Lisboa |
| Resumo: | Nowadays, insurance companies are increasingly exposed to the volatilities of the factors in the world around them, which constantly influences their gains and losses. In order to be able to face these constant uncertainties, insurance companies resort to measures that allow them to predict and control the risks to which they are exposed, in the long term, in order to study the profitability of their business. This is the framework where the concept of New Business Value (NBV) arises. It is a financial measure that allows assessing the profitability of an insurance company’s new business, which makes it possible to adjust its real value, taking into account the new business carried out. The present work intends to focus on the evaluation of the profitability of two life products, in force in the company where the internship took place, a capitalization product and a risk product. For this, we started by calculating the profitability for each of them based on the assumptions established according to appropriate criteria. After that, the sensitivity of their performances was analyzed according to the various scenarios applied to the assumptions used. In the different phases of the work, the question of the impact that each of the products has on the Company’s valuation value, measured through the NBV method, was always present. |
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