Showing 1 - 10 of 14,190
Empirical evidence suggests that insurance groups allocate capital to members with better performance or growth … percent of insurers at risk of facing additional regulatory scrutiny due to failing four Insurance Regulatory Information …
Persistent link: https://www.econbiz.de/10014265395
We study the issue of project choice when a risk-averse agent must choose whether to invest in two projects of the same type (focus) or of different types (diversification). Projects of the same type are subject to common type-specific shocks. Hence focusing is more risky within each period, but...
Persistent link: https://www.econbiz.de/10005407512
Can the product diversification strategy of a firm provide a natural hedge against adverse economic conditions? We use a quasi-natural experiment to show that diversification attenuates the detrimental impact of unanticipated economic disruptions and enables diversified firms to invest more...
Persistent link: https://www.econbiz.de/10012859501
This report reviews recent as well as planned changes to accounting and solvency regulations affecting insurers and pension funds and how they may impact long-term investing by these institutions. The review of existing evidence focuses mainly on the impact of risk-based solvency requirements,...
Persistent link: https://www.econbiz.de/10009684014
disaster-exposed insurers cause low GDP growth and high unemployment. Our results indicate that insurance companies propagate …We study the role of insurance companies in propagating liquidity shocks to the real economy. We use natural disasters … affects regional-level fiscal conditions and drives GDP growth and unemployment. We illustrate our approach with Hurricane …
Persistent link: https://www.econbiz.de/10012827830
Created (NVC). The concept is then applied to an insurance company. We have two comments on the first part and one on the …
Persistent link: https://www.econbiz.de/10012924765
We study the effect of risk management on policy sales (life insurance and annuities) of life insurers. For …
Persistent link: https://www.econbiz.de/10012823504
We suggest a new mechanism–the liquidity insurance channel–based on the widespread reliance of high credit quality …
Persistent link: https://www.econbiz.de/10012936015
form of monitored liquidity insurance. Bank monitoring and resulting credit line revocations help control illiquidity … because the cost of monitored liquidity insurance increases with liquidity risk. We exploit a quasi-experiment around the …
Persistent link: https://www.econbiz.de/10013105297
Capital allocation is an instrument for managing an insurance company. This is linked with three important fields of an … insurance company: pricing, risk management and performance management. It is a tool for strategic management so as to decide to … practical purposes. An application is proposed through an internal model approach, triggered by the frameworks of insurance …
Persistent link: https://www.econbiz.de/10013099390