International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
Open Access | Fully Refereed | Peer Reviewed

ISSN: 2319-7064


Downloads: 14

Research Paper | Economics & Finance | Morocco | Volume 10 Issue 4, April 2021


Capital and Risk from the Perspective of Solvency Regulation of Moroccan Insurance Companies: Dynamic Estimation by Simultaneous Equations with Panel Data

Lakhdar Karima, Benbachir Saad


Abstract: This research attempts to answer two questions: Has capital and risk management in Moroccan insurance companies malfunctioned over the past ten years. In addition, Could the new regulatory measures significantly improve the management of capital and risk and especially that of underwriting in non-life? The econometric methodology that we have adapted is a comparison between the two regulations in a logic of panel data based on the partial equilibrium model with simultaneous equations concerning four Moroccan insurance companies over the period 2010-2018 estimated by the generalized moments estimator. The results of the study indicate the importance of capital and risk in the determination of insurance solvency while taking into account the effect of different exogenous variables incorporated in the determination of capital and risk.


Keywords: Solvency, dynamic panel, regulation, partial adjustment, generalized moment estimator


Edition: Volume 10 Issue 4, April 2021,


Pages: 355 - 367


How to Cite this Article?

Lakhdar Karima, Benbachir Saad, "Capital and Risk from the Perspective of Solvency Regulation of Moroccan Insurance Companies: Dynamic Estimation by Simultaneous Equations with Panel Data", International Journal of Science and Research (IJSR), https://www.ijsr.net/get_abstract.php?paper_id=SR21401005650, Volume 10 Issue 4, April 2021, 355 - 367

How to Share this Article?

Enter Your Email Address


Similar Articles with Keyword 'Solvency'

Downloads: 1

Research Paper, Economics & Finance, Morocco, Volume 10 Issue 8, August 2021

Pages: 1029 - 1038

Prudential Regulation of the Moroccan Insurance Market

Lakhdar Karima

Share this Article

Downloads: 2 | Monthly Hits: ⮙2

Research Paper, Economics & Finance, Kenya, Volume 10 Issue 9, September 2021

Pages: 643 - 648

Influence of Investment Opportunity Set on Dividend Payout among Deposit - Taking Saccos in Kenya

Solomon Munyoki Kathuo, Oluoch Oluoch, Agnes Njeru

Share this Article

Similar Articles with Keyword 'regulation'

Downloads: 1

Research Paper, Economics & Finance, Morocco, Volume 10 Issue 8, August 2021

Pages: 1029 - 1038

Prudential Regulation of the Moroccan Insurance Market

Lakhdar Karima

Share this Article

Downloads: 25

Research Paper, Economics & Finance, China, Volume 10 Issue 3, March 2021

Pages: 1101 - 1103

Chinas Implementation of Interest Rate Corridor Regulation and its Impact on Interest Rate Fluctuations

Manfei Zhang

Share this Article
Top