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Traditionally, insurers are seen as stabilisers of financial markets that act countercyclically by buying assets whose price falls. Recent studies challenge this view by providing empirical evidence of procyclicality. This paper sheds new light on the underlying reasons for these opposing views....
Persistent link: https://www.econbiz.de/10012034502
portfolio entering the crisis. Using detailed, position- and transaction-level data from the U.S. insurance industry, we show … implementation of these rules within each insurance type across U.S. states. Rather than promoting a shift away from market …
Persistent link: https://www.econbiz.de/10013063916
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 …
Persistent link: https://www.econbiz.de/10014551978
The primary argument of this paper is, namely, that the International Accounting Standards Board (IASB), is in need of an enforcement mechanism. In drawing attention to this argument, the paper not only proposes considerations which are to be taken into account if such a mechanism is to be...
Persistent link: https://www.econbiz.de/10013134380
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 …
Persistent link: https://www.econbiz.de/10013000223
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 …
Persistent link: https://www.econbiz.de/10012963008
This paper provides evidence on factors affecting the level of the regulatory solvency ratio of Spanish insurers from 2005-2012 by employing the two-step system generalized method of moments in the analysis. Results show a significant degree of persistence in the regulatory solvency ratio. Cost...
Persistent link: https://www.econbiz.de/10012964051
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 …
Persistent link: https://www.econbiz.de/10012950148
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 …
Persistent link: https://www.econbiz.de/10012950150
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 …
Persistent link: https://www.econbiz.de/10013028803