What dynamic “is Financial analysis” (DFA)?
- Result prognosis by means of stochastic simulation in an insurance company
- Stochastic simulations to financialeconomical cash of flow models one applies
- Maximization of the flocking getting the VALUE under consideration of an adequate Solvabilität/liquidity
- “Tests” of enterprise strategies based on enterprise value and risk
- Parameters investments, reinsurance protection, own capital funds, selling as well as macro-economic sizes are considered
The dynamic financial analysis regards an insurance company quasi from the “bird perspective” and not as usual from a certain point of view. Rather DFA pursues an integrated beginning and links “Enterprise wide Risk management” with a strategic Entscheidungsunterstützungstool. One, generally spoken, could compare DFA also with one „flight simulator for decision makers “in insurance companies. With the help of a DFA model future decisions and their effects can be simulated on the enterprise “on safe ground”. DFA addresses both investment management, Investmentstrategien, reinsurance strategies and strategic Asset Liability management.
With the dynamic financial analysis it acts around a simulation technique based on an integrated modelling for the analysis of the entire financial and risk situation of an insurance company during a defined period. DFA was developed originally within the range of the harming and accident insurance and gains today in addition, increasingly with life insurance enterprises significance. With DFA in particular the complex and interdependences between the factors affecting the result are considered. Therefore DFA supports above all also an integrated enterprise control with consideration of all factors of risk (investments, insurance engineering).
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