Sharif Digital Repository

In recent years capital requirement has become an important matter between financial institutions in developed countries. The reason lies in the increasing need for evident information from performance and financial status of institutions in order to maximize efficiency of financial markets. Another reason is that by increasing financial instruments in market, institutions face more risks in their operations so they need enough capital to cover the upcoming risks in future. In insurance market this requirement becomes more essential because first, in insurance companies customers are who are expected to receive their loss from the insurer and insurance company is under debt to its customers....