Scoring Models for Occupational Disability Insurance

Advisors, Scores

Increasingly, insurers advertise that they are working with so-called scoring models when calculating premiums for occupational disability insurance.

With the help of additional questions about the specific structure of everyday working life, the insurer should be able to get a more realistic picture of the risk to be insured. Customers and intermediaries should welcome it if a more realistic assessment of the job description leads to a lower premium in many cases.

Sometimes the impression is given that the use of a scoring model would make inquiries about the profession superfluous. “However, this is by no means the case”, warns the insurance specialist of infinma Institut für Finanz-Markt-Analyse GmbH, based in Cologne, Germany.

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Price Tag

Rating Repair Pricing Model

Advisors, Consulting

What makes the price positioning of our rating repair shop so unique.

Our RATING©REPAIR brand has only one price, namely only a single monthly subscription fee, billed by WordPress and the payment service provider Stripe. With this price we position ourselves between

  • the monthly subscription fees of newspapers, magazines and other data providers on the one hand and
  • the offers of consultants and consulting firms on the other.

Our price is higher than with other blogs and accounts because we want to know each and every subscriber and focus on their interests exactly. With our RATING©REPAIR service, however, we do not offer any individual management consultancy that is based on customized project definitions with milestones specifically set by customers. Our service is also not a machine-operated robo advisor.

We see ourselves more like editors who know their most important readers personally, or like consultants who deliver a message or replicable management approach that is relevant to many consulting customers. In any case, we seek a conversation with our subscribers to understand what research and information we can help with.

Advisory Markets

The price positioning can be illustrated as follows. The advisory market is characterized by the dimensions of the price (per unit of time or quantity) and the degree of individualized customization. The higher on the vertical axis, the higher the price. The further on the horizontal axis, the higher the level of individualization of the advice. At the bottom left are the offers of the media, for example the websites of leading newspapers and magazines as well as news services, which at best only cater to a very limited extent to the individual interests of users using cookies on their websites. At the top right, on the other hand, are the leading consulting firms that do not operate under daily rates less than several thousand euros and often only accept project orders if they have a budget of at least six figures. RATING©REPAIR is therefore positioning itself as the very first service between these providers in a niche that has so far remained completely vacant.

With my-si More Sustainability Is In Sight


The investment platform my sustainable impact, my-si, has started in Germany.

The my-si investment concept envisages generating attractive returns with sustainable investments and at the same time creating a social benefit. Investors choose ESG-approved fund strategies according to five different risk classes according to their personal risk appetite and make a contribution to a better world.

Tobias Schmidt, CEO of my-si says: “Investing money for old-age provision, risk protection or for one’s own financial independence is an important issue for each of us. If we want to achieve anything in the process, we have to generate sufficient returns. At my-si, we think investing a step further, because if we want to improve our future and that of future generations, we have to act today. my sustainable impact invests in a sustainable, return-oriented manner and at the same time donates part of the proceeds: With us, investors support one of ten non-profit organizations and thus the sustainability goals of the United Nations. Specifically, we from my-si donate 1/3 of our advisory fee to the project that our investors personally select. “

At the start of my-si, ten organizations were selected that represent the entire range of UN sustainability goals: the German AIDS Foundation, Reporters Without Borders, Kindernothilfe eV, WorldVision Germany eV, humedica eV, PRIMAKLIMA eV, Veterinarians Without Borders eV, Deutsches Rotes Kreuz eV, TERRATECH Förderprojekte eV and Heinz Sielmann Foundation. They all have the donation seal of the German Central Institute for Social Issues DZI.

The my-si investment strategy provides that all investment decisions are generated by intelligent algorithms. In order to optimize a portfolio, my-si works with the “Equal Risk Contribution Approach”. With this method, the various asset classes in a portfolio are weighted so that the risk contribution of the individual asset classes to the overall risk of the portfolio is as large as possible. In addition to the good diversification, the advantage lies in the stability of the portfolio. In order to be prepared against short-term, extreme market fluctuations, my-si has integrated a “market stress indicator” into this system. It gives signals and adjustment rules in the event of extraordinary market distortions.

my-si invests exclusively in ESG-checked funds with an ISS ESG fund rating of at least four stars. From the remaining fund universe, the funds are selected whose risk / reward ratio achieves a top rating in f-fex fund ratings, i.e. a rating of A or B. Tobias Schmidt: “We have been dealing with the topics of fund ratings and fund selection for more than 25 years and, based on this experience, have developed our own, forecast-optimized rating that provides us with valuable assistance in tracking down future outperformers. In this way we ensure that only top funds with the best risk-reward ratio are in the ESG portfolio. “

In a direct comparison with the average of all funds in the mixed fund categories suitable as benchmarks, the performance of my-si ESG strategies is clearly above the benchmark. “In 2020, our market stress indicator reacted to the correction in good time, and we were thus able to absorb the worst. But even before and after the market correction, we performed very well in all five risk classes compared to the respective benchmark. The long-term achievable return naturally depends on the chosen risk class. In the medium risk class, we consider an average return of 5-6 percent to be easily achievable in the long term. A world without interest does not mean that there are no more returns.”

Investors can invest with my-si from a deposit of EUR 1000 and top this amount up from EUR 50 per month in a savings plan. Five strategies with different risk profiles are available. my-si works completely digitally, that means: investment concept, advice, user interaction, account opening, control of your own charitable contribution, selection of the non-profit organization,

Reporting, billing, etc. are implemented completely online, quickly and at attractive conditions.

“Despite digitization, my-si is a real, that is, interactive advisor”, says Tobias Schmidt: “Investors can adopt the sample portfolio 1: 1 or use this to put together their own portfolio. They have the same freedom in choosing the projects to which the charitable contribution should go. “

stainless steel shopping cart and banknotes

Lack of Financial Education

Advisors, Authorities, Read

“You do not talk about money.” This is a common saying in German. “You do not talk about money? But we should! ”- under this motto, Austria’s Financial Market Authority (FMA) is launching a new information format for consumers with immediate effect: “Let’s talk about money”. Exciting aspects from various basic finance topics shall be prepared on a monthly basis and answers to everyday financial questions are given.

In the USA, companies like Morningstar ensure that private investors are informed about financial issues. The rating agency’s offers range from platforms on the Internet to large events with thousands of visitors.

Great investing advice means understanding investors’ hopes, dreams, and ideals to find out what really matters. Morningstar doesn’t just focus on the finish line, but focuses on the entire journey. This way, Morningstar has been empowering investor success since 1984, and they have seen firsthand and learned how great advice can help people reach their goals, how to avoid traps and evade scammers.

In German-speaking countries, consumers are not sufficiently aware of the activities of rating agencies. Therefore, regulators are trying to fill the loophole. In the corset of state regulation, however, the authorities’ options to help consumers are ultimately limited. Morningstar also has a German-language website with information for private investors.

The first issue starts with the topic “Beware of investment fraud!” and explains how, with the help of a few simple steps, consumers can ensure that they do not fall victim to financial fraud before making an investment decision. In February, the FMA will provide information on what to consider when taking out an online consumer loan; in March there will be tips on using insurance comparison portals.

“With this new format, we would like to offer an objective source of information to all those who feel insecure about the breadth and complexity of the various financial topics and are looking for understandable answers to everyday questions about money,” said FMA board members Helmut Ettl and Eduard Müller. The FMA derives the topics of the new format from the most frequent inquiries in its consumer information and then prepares them briefly and in simple language, according to Ettl and Müller.

Collective consumer protection has been an operational supervisory and audit focus of the FMA for many years. After the Finance ABC on the FMA website, “Let’s talk about money” is the second proactive financial education initiative. All issues are available both in print and online at the website

From Alibaba as “Amazon of China” to Amazon as “Alibaba of the USA”

Advisors, Investors, Read

“Innovative market leaders can excel in emerging countries”, writes a clever investor in his “Christmas letter”, who may be quoted here, but wants to remain anonymous, since his letter is only addressed to his “investors and serves to maintain contact with a few other acquaintances / friends”: “When it comes to innovation, the big US tech companies seem to get the most attention, but this could shift to China and other emerging markets.”

His letter has been reaching his investors and a small circle of acquaintances and friends for decades now. His website doesn’t bother with design, perhaps along the lines of He has learned that modesty, discretion and restraint are useful for his work. “Accordingly, you are welcome to use the information, but please do not quote me. And a comparison with Warren is flattering, but not correct in terms of size alone; he employs 25 people,” jokes our contact with regard to his own staff.

Anyone who has had the privilege of reading his annual Christmas letters for so many years will remember many of his predictions, which later became a partly joyful and partly bitter reality. Is it because of his strict logic? This and his track record can be thought about elsewhere, here it is permitted to quote a tiny part of his forecasts for 2021:

“We will see,” he foresees, “how emerging-market companies evolve from imitators to true innovators. We used to refer to companies like Alibaba as ‘Amazon China’ or Baidu as ‘Google China’, but these companies actually have their technology developed and localized while accelerating its growth in ways other than the US. “

“Successful newcomers may grow faster than more established companies,” says his math, “probably long before they make a name for themselves outside of their local markets. Pinduoduo, an e-commerce company in China that hasn’t been around for 10 years, but already has a market cap of more than $ 100 billion, and the $ 150 billion multi-service platform Meituan counting over 450 million active users, and companies like these will spring up like mushrooms across industries . “

The Christmas letter bears witness to optimism: “The forecast for the treatment of cancer looks good: The cure for cancer may be closer than you think. Breakthroughs in gene therapy and new applications of artificial intelligence are accelerating drug development. Some types of cancer – may be by 2030 – can be functionally cured by cell therapy. New, reliable tests will enable a very early detection and localization of the development of cancer. After 2030, cancer as one of the main causes of death could be largely eradicated by early detection. “

The next wave of pharmaceutical innovation could come from an entirely unexpected place: “There will likely be many global blockbuster drugs from China by 2030. The country has the largest population of cancer patients in the world, and one in two people is taking a clinical trial, compared to one in 20 in the US. I expect China will start producing new drugs in five to ten years at a tenth the cost of the US. “

The rivalry between the US and China could determine geopolitics: “What felt like an eternity ago, in the time before COVID-19, the trade conflict between the US and China determined the economic framework, but the frosty relations between the two superpowers will also be with the remain one of the most important investment themes for the new US presidents. “

It’s not just about geopolitics. This conflict will also have a direct impact on companies as they will be forced to take sides and perhaps adapt the way they work on both sides. Our investor and advisor reminds you that the US wanted to issue implementing regulations banning the popular TikTok and WeChat apps if the US segments of these companies are not being sold by their Chinese parent companies.

“It is advisable to avoid those players who could get caught in the crossfire, but there are still plenty of great investment opportunities. Chinese internet companies that operate purely on the domestic market, such as Alibaba and Baidu will not suffer from the trade war,” summarizes the capital market expert, “and there are cross-industry innovative startups that were founded by great entrepreneurs.”

Rating in Austria

Advisors, Agencies, Read

The Recognized Credit Rating Agencies listed by the European Securities and Markets Authority (ESMA) have been registered or certified in accordance with Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on Credit Rating Agencies (the Credit Rating Agencies Regulation). The list does not contain a rating agency that is based in Austria. Registration or licensing by ESMA allows authorized agencies with headquarters outside of Austria to issue credit ratings in Austria.

In addition to the recognized agencies, there are other companies that deal with ratings. This is also the case in Austria: The following companies domiciled in Austria even have the word “rating” in their company name. These are specialists in credit insurance, companies from the real estate industry, insurance management or business consulting.

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Civil Address

Advisors, Analysts, Clients, Data, Experts, Investors, Read

Every rating has to start with the unequivocal identification of people. It is not just about the identity of debtors and their civil address registration, but also that of managers in companies such as board members, or who else is responsible for a legal entity. In order to enforce claims against a natural person, in most legal systems around the world the address at which a person is registered is important. A personal guarantee from a managing director is worthless to creditors if their whereabouts cannot be determined or if an alleged address proves to be incorrect.

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General Approach to Find a Current Address for Someone

A general approach to find a current address for someone could generate the following data:

  • The person’s private address / current home address, as well as any known old addresses.
  • The social media profiles, if they exist.
  • Photos from the Internet.
  • Access to the email addresses to can the person you are looking for by email.
  • Various user names that are used on the Internet.
  • Also acquaintances, relatives and friends might be shown, which is particularly interesting if you know family members.
  • Current bankruptcy applications or whether there have been ones in the past.
  • Search for the phone number and get the landline number and/or the mobile phone number.
  • Training and employment of the person you are looking for (schooling and academic education)

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Credit Analyst

Advisors, Analysts, Books, Experts

Oliver Everling, Klaus Holschuh and Jens Leker (Editor): Credit Analyst, Oldenbourg Wissenschaftsverlag, Munich,, hardcover, 1st edition 2009, 386 pages, ISBN 978-3-486-58688- 6.

The requirements of Basel II set completely new conditions for the lending business. At the same time, a variety of credit products have become increasingly important on the capital markets, from corporate bonds to securitization. The credit and capital markets are growing ever closer together.

Credit risks must be analyzed and managed – in banks as well as on the capital market. More professionalism protects market participants from the consequences of credit crises. The leading training for credit and capital market specialists in the German-speaking region of the renowned DVFA German Association for Financial Analysis and Asset Management thus continues to gain in importance.

As a professional association of investment professionals, DVFA has been implementing the proven postgraduate program CCrA – Certified Credit Analyst for many years. This encompasses both areas – the classic as well as the capital market-oriented lending business – and thus offers a comprehensive and practice-oriented qualification for specialists and executives.

The book is suitable for preparing for participation in the DVFA program, as a constant companion to the degree program, to deepen DVFA’s other education and training offerings, to complement the training of credit and capital market specialists, to refresh knowledge for practitioners and users generally to expand the financial knowledge of credit analysis skills.

Oliver Everling, Klaus Holschuh und Jens Leker (Herausgeber): Credit Analyst , Oldenbourg Wissenschaftsverlag, München,, gebundene Ausgabe, 1. Auflage 2009, 386 Seiten, ISBN 978-3-486-58688-6.

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Credit Analyst

Advisors, Analysts, Associations, Books, Certifications, Experts, Regulations

Oliver Everling, Jens Leker and Stefan Bielmeier (editors): Credit Analyst, De Gruyter Oldenburg, Walter de Gruyter GmbH, Berlin / Boston,, updated and completely revised edition, 3rd edition 2015, 390 pages, ISBN 978-3-11-035379-2.

The escalation of the financial crisis has brought changes in hardly any other area as quickly as in the credit analysis. Basel’s banking regulatory requirements set new framework conditions for banks’ lending business after the financial crisis. At the same time, a variety of credit products have become increasingly important on the capital markets, from corporate bonds to securitisations. The credit and capital markets are growing ever closer together in the globalization process. Credit risks must be analyzed and managed – in banks as well as on the capital market, with both institutional and private investors. More professionalism protects market participants from the consequences of credit crises.

The postgraduate program CCrA® offers a comprehensive and practice-oriented qualification for banking and capital market credit experts.

The topics range from instruments for the analysis of individual risks to methods of active credit portfolio management. Important topics in the areas of banking regulation and credit research are also covered. In addition, the established rating agency Standard & Poor’s will give a hands-on insight into how they work in a workshop for Classic participants. Practical case studies and eSeminars complete the program. The compact program structure is designed for in-service participation and enables efficient qualification in just five months. Graduates hold the title CCrA® – Certified Credit Analyst.

Oliver Everling, Jens Leker und Stefan Bielmeier (Herausgeber): Credit Analyst, De Gruyter Oldenbourg, Walter de Gruyter GmbH, Berlin/Boston,, aktualisierte und vollständig überarbeitete Ausgabe, 3. Auflage 2015, 390 Seiten, ISBN 978-3-11-035379-2.

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