transactions of non-agency RMBS by insurance companies from 2006 to 2009, we show that insurance companies that became more capital … at much lower prices than other insurance companies during the crisis …

credible. This article provides an empirical investigation of insurance product ratings in Germany, with an emphasis on the … disability insurance products from two rating agencies over a 15-year period. Using the existing literature as a guide, we test a …. Our results suggest no major concerns regarding the credibility of insurance product ratings …

The German insurance market was liberalized in 1994 by the introduction of the "single passport" allowing European … insurers to operate throughout the entire European Union. The European directive put also an end to price and insurance … contract terms regulation. These measures were meant for removing the obstacles to competition within and between the insurance …

With this paper we seek to contribute to the literature on pension insurance systems. The financial literature tends to … focus exclusively on the US pension insurance system. This is the first major empirical study to address the German … occupational pension insurance (PSVaG) plan in Germany. The study is based on a Merton-type one-factor model, in which we determine …