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We study how risk management through hedging impacts firms and competition among firms in the life insurance industry …
Persistent link: https://www.econbiz.de/10012585845
Catastrophe (Cat) bonds are insurance securitization vehicles which are supposed to transfer catastrophe … less exposure to catastrophe risks and overall less need to hedge catastrophe risk. These results show that the access to … the market for insurance securitization is easiest for firms with less risky portfolios. Second, firms that issue Cat …
Persistent link: https://www.econbiz.de/10013068268
on loss risk and insurance, we derive that insurance (or jump risk management) can significantly increase firm value. In … addition, our work indicates that a firm would choose different optimal insurance strategies for various risk types, which … explains the practical insurance strategies. Moreover, by considering the cost of risk management, we explain many phenomena in …
Persistent link: https://www.econbiz.de/10012932234
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...
Persistent link: https://www.econbiz.de/10011554963
The failure of financial institutions is often depicted as an externally-driven event in which certain triggers almost inevitably lead to the collapse of the firm. In contrast, this paper views institutional failure as a multistage process in which precautionary measures taken by the firm can...
Persistent link: https://www.econbiz.de/10013089043
Since 2008, catastrophic losses and financial turmoil have deeply shaken the insurance and reinsurance industries … insurance company to reinsurer failure and is difficult to assess due to a scarcity of reliable measures. It has long been … considered as largely auto-regulated by the insurance market. The impact of reinsurance credit on an insurers' balance sheet …
Persistent link: https://www.econbiz.de/10013065144
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 study the dependence between the downside risk of European banks and insurers. Since the downside risk of banks and insurers differs, an interesting question from a supervisory point of view is the risk reduction that derives from diversification within large banks and financial...
Persistent link: https://www.econbiz.de/10011346454
insurers to keep their solvency at the necessary level. Insurance companies in the European Union work on the implementation of … better connection of capital and risk profile, increased transparency, and higher flexibility of insurance companies … analysis of the current condition of the insurance market in BiH was made. By using the primary research and applying the …
Persistent link: https://www.econbiz.de/10010439067
welfare by implementing appropriate tax and subsidy schemes that make insurance more affordable and also lower insurers …
Persistent link: https://www.econbiz.de/10009565075