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. … reinsurance is important for the capacity of insurers, we measure risk dependence among European insurers and reinsurers. The …

We propose several econometric measures of systemic risk to capture the interconnectedness among the monthly returns of … hedge funds, banks, brokers, and insurance companies based on principal components analysis and Granger-causality tests. We … find that all four sectors have become highly interrelated over the past decade, increasing the level of systemic risk in …

in the prevalence of catastrophic health expenditures reflecting the capacity of the main public health insurance schemes … to protect their members against financial risk from medical care costs. This policy brief draws on evidence from a … recent study of the Social Health Insurance (SHI) and Universal Coverage (UC) schemes, identifying the key features of these …

We propose several econometric measures of systemic risk to capture the interconnectedness among the monthly returns of … hedge funds, banks, brokers, and insurance companies based on principal components analysis and Granger-causality tests. We … find that all four sectors have become highly interrelated over the past decade, increasing the level of systemic risk in …