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variables directly related to the insurance product (e.g., a regulatory restriction of insurance acquisition costs) as well as … those resulting from the specificity of the bancassurance channel, such as the sales of banking products, i.e., cash loans … importance of insurance distribution in banks. Significant risk factors (statistically significant) which determine gross …
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We study the dependence between the downside risk of European banks and insurers. Since the downside risk of banks and insurers differs, an interesting question from a supervisory point of view is the risk reduction that derives from diversification within large banks and financial...
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