Berdin, Elia; Sottocornola, Matteo - 2015 - This version: December 2015
This paper investigates systemic risk in the insurance industry. We first analyze the systemic contribution of the … Europe over the last 14 years. We then analyze the determinants of the systemic risk contribution within the insurance … persistent systemic relevance over time and plays a subordinate role in causing systemic risk compared to banks, and that ii …