Implementing Dynamic Financial Analysis

In the changing business environment of the last few years, dynamic financial analysis (DFA) has become an important tool for the analysis of an insurance company's financial situation. Using a simulation-based approach, DFA models an insurance company's cash flow in order to forecast assets, liabilities, and ruin probabilities, as well as full balance sheets for different future scenarios. DFA offers flexible modeling and many analysis possibilities; however, its implementation involves numerous problems.

In the following research project, we wish to concentrate on these problems of DFA implementation, problems that have not been adequately considered in the DFA literature so far. But, we won't stop
adressing these problems, as we will also point out possible methods for overcoming these problems and integrate these methods into a DFA modeling framework. Thus, our research plan consists of
classification, conception, and implementation of DFA.