Showing 1 - 3 of 3
We analyze optimal hedging contracts and show that although hedging aims at sharing risk, it can lead to more risk-taking. News implying that a hedge is likely to be loss-making undermines the risk-prevention incentives of the protection seller. This incentive problem limits the capacity to...
Persistent link: https://www.econbiz.de/10011605458
solvency of the main euro area insurance sectors. We model the balance sheet of an insurance company encompassing both life and … non-life business and we calibrate it using country level data to make it representative of the major euro area insurance …
Persistent link: https://www.econbiz.de/10011667212
granular data on the bond transactions of U.S. insurance companies. Liquidity inflows from insurance premiums combined with …
Persistent link: https://www.econbiz.de/10014374692