average markup was as low as −19 percent for annuities and −57 percent for life insurance. This extraordinary pricing behavior … insurers to record far less than a dollar of reserve per dollar of future insurance liability. We identify the shadow cost of …

markets. Since the last major financial crisis had a less devastating impact on the insurance market and the losses suffered … by the insurance companies were smaller than the losses of banks, we will focus on the risk valuation apllied by these … insurance companies. The proper valuation of risks is mirrored in the Solvency Capital Requirement calculated,which under …

the insurance sector. The downside risk of insurers is explicitly modelled by common and idiosyncratic risk factors. Since … results point to a relatively low insurance sector wide risk. Dependence among insurers is higher than among reinsurers. …

This paper investigates systemic risk in the insurance industry. We first analyze the systemic contribution of the … insurance industry vis-à-vis other industries by applying 3 measures, namely the linear Granger causality test, conditional … Europe over the last 14 years. We then analyze the determinants of the systemic risk contribution within the insurance …

valuations from consequences of exposure to financial markets. We illustrate the empirical relevance of this theory for the … balance sheet behavior of a large class of intermediaries, life insurance companies. The pass-through from assets to equity is … an especially informative metric for distinguishing the asset insulator theory from Modigliani-Miller or other standard …

In this paper, we introduce a model to study the interaction between insurance and banking. We build on the Federal … Crop Insurance Act of 1980, which significantly expanded and restructured the decades-old federal crop insurance program … our model. Banks increased lending to the agricultural sector in counties with higher insurance coverage after 1980, even …

studies have examined the experience of the life insurance sector during the crisis or the response of company managers and … insurance regulators during the crisis period. This paper begins to fill that gap …

or during the previous recession. However, no life insurer in the sample belonging to a life insurance holding company … contrast, life insurance entities with poor and deteriorating performance but with no access to TARP funds received a smaller …

perception of higher level authorities in Insurance sector regarding the role of regulator in minimizing the impact of global … financial crisis. The primary data has been collected from 200 authorities in insurance industry. The data has been analyzed …