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Financial and Risk Analysis of Swiss Banks and Insurance Companies
Xiao, Yingbin - 2011
Switzerland has a systemically important financial sector. This paper analyzes the financial soundness and risk dynamics of Swiss banks and insurance companies for the past five years. The cross-country comparisons show that despite the recovery in profitability and capital for banks and...
Persistent link: https://www.econbiz.de/10013120250
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Market or clan : a comparative study of risk sharing institutional evolution in China and Europe
Zhu, Wenge - In: International studies of economics 19 (2024) 2, pp. 293-327
In the psychological and sociological framework of risk, we establish a static and dynamic equilibrium model for risk-sharing institutional evolution. Particularly, through a comparative study of marine insurance development in China and Europe, we address a wide set of research questions...
Persistent link: https://www.econbiz.de/10015063916
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The 2008 - 2009 financial crisis : risk model transparency and incentives
Pfleiderer, Paul; Marsh, Terry Alan - 2009
In this Preface, we offer some analysis of the 2008-2009 financial crisis and its implications for financial industry reform and research. We primarily focus on issues relating to transparency and the measurement of risk and how these are affected by management incentives that are often...
Persistent link: https://www.econbiz.de/10009506977
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Asset concentration risk and insurance solvency regulation
Regele, Fabian; Gründl, Helmut - 2021
Historical evidence like the global financial crisis from 2007-09 highlights that sector concentration risk can play an important role for the solvency of insurers. However, current microprudential frameworks like the US RBC framework and Solvency II consider only name concentration risk...
Persistent link: https://www.econbiz.de/10012647831
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Does Operating Risk Affect Portfolio Risk? Evidence from Insurers' Securities Holding
Chen, Xuanjuan - 2020
from underwriting insurance policies affects insurers' risk taking behavior in their portfolio investments. We find that … insurers with higher volatilities in underwriting incomes and cash flows are more conservative in their financial investment … and equities. Further, insurers' portfolio risk exposure is sensitive to the risk of permanent underwriting income shocks …
Persistent link: https://www.econbiz.de/10012846485
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Correlated risks: a conflict of interest between insurers and consumers and its resolution
Eugster, Patrick (contributor); Zweifel, Peter (contributor) - 2006
underwriting risks both domestically and internationally. -- Insurance ; Portfolio Theory ; International Diversification …
Persistent link: https://www.econbiz.de/10003354444
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Insurance sector risk
Slijkerman, Jan Frederik - 2006
We model and measure simultaneous large losses of the market value of insurers to understand the impact of shocks on the insurance sector. The downside risk of insurers is explicitly modelled by common and idiosyncratic risk factors. Since reinsurance is important for the capacity of insurers,...
Persistent link: https://www.econbiz.de/10011349192
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On the Exposure of Insurance Companies to Sovereign Risk – Portfolio Investments and Market Forces
Düll, Robert - 2015
A sovereign debt crisis can have significant knock-on effects in the financial markets and put financial stability at risk. This paper focuses on the transmission of sovereign risk to insurance companies as some of the largest institutional investors in the sovereign bond market. We use a firm...
Persistent link: https://www.econbiz.de/10013013087
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On the Exposure of Insurance Companies to Sovereign Risk : Portfolio Investments and Market Forces
Düll, Robert - 2016
A sovereign debt crisis can have significant knock-on effects in the financial markets and put financial stability at risk. This paper focuses on the transmission of sovereign risk to insurance companies as some of the largest institutional investors in the sovereign bond market. We use a firm...
Persistent link: https://www.econbiz.de/10012988670
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Die internationale Finanzkrise: Ursachen, Treiber, Veränderungsbedarf und Reformansätze
Rudolph, Bernd - 2009
Der vorliegende Beitrag beschäftigt sich mit der Aufarbeitung der Hintergründe der Subprime-Krise sowie der nachfolgenden internationalen Banken- und Finanzkrisen. Auf dieser Basis werden Vor-schläge diskutiert, wie die erkannten Schwachstellen im Finanzsystem repariert bzw. behoben werden...
Persistent link: https://www.econbiz.de/10010427768