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 conglomerates. We discuss the limited value of the normal distribution based …

A numbers of studies focusing on the determinant of the insurance market efficiency haveincreased in the last decade …. In fact, many factors, like the CEO's power, can influence the efficiency in the insurance firm. The purpose of this … after the consideration of the CEO power score in the cost efficiency, the relation between insurance efficiency and the …

systemic risk in the insurance sector. Using the systemic risk measure, we examine the inter-connectedness between banks and … bidirectional causality between insurers and banks. However, after correcting for conditional heteroskedasticity, the impact of … banks on insurers is stronger and of longer duration than the impact of insurers on banks. Stress tests confirm that banks …

The insurance industry plays an important role for European economic stability and the threats and opportunities it …

The financial and the insurance markets are increasingly penetrating each other, accounting for the fact that insurers … opportunities, although it is not devoid of faults, mercilessly exposed by consecutive stock market collapses. Do insurance … research shows that on average it maintains a relatively high level. -- insurance ; capital market ; investment …

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 …

Our study analyses the extent of integration of the EU market for life and non-life insurance. The main integration … even less advanced for life than for non-life insurance and that mergers and acquisitions are the dominant strategy to … access a foreign market. Besides summarising the liberalisation history of the European insurance sector and discussing …