This paper uncovers if and how insurance companies react to shocks to collateral in their portfolio of securitized …

This paper uncovers if and how insurance companies react to shocks to collateral in their portfolio of securitized …

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. …

insurance portfolio, the proportion of structured finance in their investment portfolio, selling credit default swaps, and …

107 insurance companies from 2004 to 2012. Our risk governance index covers several Solvency II provisions and includes …

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 …

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 …

Using cross-state panel auto insurance premium data from 2007 to 2012 in the U.S., this study provides evidence that … individual purchases of private auto insurance were excessively reduced during and after the U.S. subprime mortgage. Analyses … of auto insurance during and after the crisis. This result is robust even after controlling for associated factors such …