Risk Transfer and the Insurance Industry
This paper asks whether the transfer of risk from banking to non-banking institutions, such as insurers, has reduced risk for the financial system as a whole or merely shifted it to less transparent sectors. If the latter is the case, then it may be that new forms of risk and vulnerability are being introduced into the global financial system.
The Impact of Insurance Accounting on Business Reality and Financial Stability
The insurance industry has become more important for systemic financial stability. As a result, the supervision and disclosure of financial risks of insurance companies need to be strengthened. The insurance industry's increasing systemic importance also suggests that there is a need to search for some middle ground in the discussion of fair value accounting to mitigate potentially destabilizing financial volatility.
CMEOC—An expert system in the coal mining industry
Abstract This paper introduces an expert system in the mining industry, called the Coal Mining Expert and Optimization Consultation System (CMEOC). The paper mainly describes the architecture of this system, including the knowledge base, inference engine, and relevant optimization techniques. The techniques include multi-objective programming, fuzzy sets, and integer programming. The application results present evidence of the usefulness of the system.