simultaneous equations applied to the U.S. property-liability insurance industry. The results identify significant interactions …

risks through a mandatory public catastrophe insurance on the basis of location-specific exposures, and the demand for a … contingent ex-ante credit to reinsure the insurance’s liabilities. GIS-based catastrophe models and stochastic optimization …

commercial banking and insurance services and captures regulations in force in 2013. The scores in commercial banking range … between 0.06 and 0.55, with a sample average of 0.19. The scores in insurance services range between 0.05 and 0.63, with a …

This paper addresses the issue of systemic risk in the financial sector and its relevance with regard to insurance … Measures, developed by the International Association of Insurance Supervisors and adopted by the Financial Stability Board in …

The role of insurance sector has grown in importance. While there is a plethora of academic literature on the needs for … a banking regulation, literature on insurance regulation is scarce and mainly focused on asymmetry issues. In this paper …, we describe the reasons for an insurance regulation. Recent developments faced by insurers modified the risks encountered …

Limited liability creates a conflict of interests between policyholders and shareholders of insurance companies. It … the value policyholders attach to and premiums they are willing to pay for insurance coverage. We characterize Pareto …

The project is focused on top-down stress testing of the Czech insurance sector. The aim of the present paper is to … describe the advanced method for macro stress testing of insurance companies used by the CNB. We apply the presented stress … test to eleven Czech insurance companies. The shocks applied are designed to replicate a macroeconomic scenario and to …

Credit default swaps (CDSs) are term insurance contracts written on traded bonds. This review studies the economics of … CDSs using the economics of insurance literature as a basis for analysis. It is alleged that trading in CDSs caused the …

Competition can be an effective regulator of rates in property-casualty insurance markets. While many states have moved …