This study aims to measure the foreign exchange risks that the insurance companies are exposed\nto. In this context, this study analyzes 7 insurance companies listed in Borsa Istanbul (Istanbul\nStock Exchange). The foreign exchange risks that the insurance companies are exposed to were\nmeasured using VaR models, Historical Simulation and Monte Carlo Simulation methods. Data obtained\nfrom the analysis show the losses that the insurance companies suffer due to exchange risk.\nThe losses calculated using the Monte Carlo Simulation were found to be greater than the losses\ncalculated using Historical Simulation.
Loading....