Showing 1 - 10 of 121
insurance and study the effects of various types of bonds such as non-convertible bonds, write-down bonds and CoCos on banks … in the banking industry. Especially life insurance companies could serve as CoCo bond holders as they are already the …' and insurers' risk situations. In addition, we compare insurers' capital requirements under the proposed Solvency II …
Persistent link: https://www.econbiz.de/10010510055
insurance and study the effects of various types of bonds such as non-convertible bonds, write-down bonds and CoCos on banks … in the banking industry. Especially life insurance companies could serve as CoCo bond holders as they are already the …' and insurers' risk situations. In addition, we compare insurers' capital requirements under the proposed Solvency II …
Persistent link: https://www.econbiz.de/10010502713
Recession and sovereign debt crisis, many central banks have pursued ultra-easy and far reaching unconventional monetary …, markets have been expecting a reversal of the interest rate cycle for some time now. As a result, the risk of – possibly …
Persistent link: https://www.econbiz.de/10011413495
Low interest rates are becoming a threat to the stability of the life insurance industry, especially in countries such … investment returns of a stylized life insurance business portfolio in a multi-period setting. Based on empirically calibrated …
Persistent link: https://www.econbiz.de/10010390203
Historical evidence like the global financial crisis from 2007-09 highlights that sector concentration risk can play an … II consider only name concentration risk explicitly in their solvency capital requirements for asset concentration risk … and neglect sector concentration risk. We show by means of US insurers' asset holdings from 2009 to 2018 that substantial …
Persistent link: https://www.econbiz.de/10012647831
of catastrophic insurance. Building on our estimation results, we discuss the scope for the risk transfer to the …The paper analyzes the scope for the private market for pandemic insurance and discusses the potential role of the … financial market and the government. Building on a premise that pandemics are classified as catastrophic risks by the insurance …
Persistent link: https://www.econbiz.de/10013237713
We experimentally analyze consoumers' reaction to insurance default risk. Consistent with eralier studies, we find that … insurance with default risk is extremely unattractive to most individuals. A considerable fraction of consumers completely … refuse to accept any default risk; others ask for large reductions in insurance premiums. These findings are robust against …
Persistent link: https://www.econbiz.de/10005863282
address the pricing risk and solvency risk insurance companies face when providing life care annuities …A life care annuity is a bundled insurance product comprised of a life annuity and long-term care insurance. Some … recent studies find the two risks - longevity risk and long-term care risk - to be opposing and thus life care annuities …
Persistent link: https://www.econbiz.de/10013124297
Low interest rates are becoming a threat to the stability of the life insurance industry, especially in countries such … of a stylized life insurance business portfolio in a multi-period setting. Based on empirically calibrated parameters, we …
Persistent link: https://www.econbiz.de/10010350485
insurance regulation may affect the role of insurers in long-term investment financing. It concludes that regulation should … management with mechanisms that allow for a “true and fair view” of insurers' risk exposures. In risk-based solvency regulation …, an asset's risk relative to liabilities is reflected in the capital requirements …
Persistent link: https://www.econbiz.de/10012941131