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 level panel dataset that covers large insurance companies, banks and non … reflected in current insurance regulation (incl. upcoming Solvency II in Europe). …

This paper addresses the issue of systemic risk in insurance and investigates how financial markets evaluate the … framework in reducing systemic risk in the insurance sector and curbing the moral hazard implications of a “too systemic to fail …

Prevention and insurance are studied in an urban model with spatial heterogeneity due not only to commuting transport … costs but also to natural disaster risks. Costly insurance and charity donation both lead to low insurance purchase. While … the former leads to high prevention, the latter leads tolow prevention. In the presence of charity, implementing insurance …

Homeowners’ insurance provides households financial protection from climate losses. To improve access and affordability …, state regulators impose price controls on insurance companies. Using novel data, we construct a new measure of rate setting … overcome pricing frictions by cross-subsidizing insurance across states. We show that in response to losses in high friction …

macroprudential insurance regulation. …

Homeowners’ insurance, a $15 trillion market by coverage, provides households financial protection from climate losses …. Insurance premiums (rates) are subject to significant regulations at a state level in the United States. Using novel data on … provide evidence of decoupling of insurance rates from their underlying risks and identify regulation as a driving force …

-life insurance sectors. We first document M&A transactions in the US insurance market between 1990 and 2022 and select the M …&A transactions related to US target insurers. We then study the evolution of the life and non-life insurance sectors over time in … over time. We empirically test the difference between the M&As of the life and non-life insurance sectors by employing a …

The insurance industry could potentially play a greater constructive role in mitigating climate risk by aligning with …