Risk diversification is the basis of insurance and investment. It is thus crucial to study the effects that could limit … it. One of them is the existence of systemic risk that affects all of the policies at the same time. We introduce here a … probabilistic approach to examine the consequences of its presence on the risk loading of the premium of a portfolio of insurance …

, based on the CRINP principle, we develop a novel risk estimation algorithm for understanding relative financial risks in a … systemic risk - correlated financial asset portfolios – as banking network links. Another innovative aspect of our research is … the simulation of systemic risk scenarios is based on real-world data from Call Reports in the U.S. In those scenarios, we …

In this paper we propose a new measure for systemic risk: the Financial Risk Meter (FRM). This measure is based on the … parameters over the 100 largest US publicly traded financial institutions. We demonstrate the suitability of this risk measure by … comparing the proposed FRM to other measures for systemic risk, such as VIX, SRISK and Google Trends. We find that mutual …