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Insurance companies and the growth of corporate loans' securitization

Fringuellotti, Fulvia; Santos, João A. C. - 2021

that of loans and corporate bonds, and was characterized by a strong preference for mezzanine tranches rated investment … capital charges, insurance companies invest more heavily in bonds and CLO tranches with higher yields. Preferences for CLO … tranches derived from tranches' higher yields relative to bonds with the same rating, and increased following the 2010 capital …

Persistent link: https://www.econbiz.de/10012597742

Capital market development over the long run: The portfolios of UK life assurers over two centuries

Bogle, David A.; Coyle, Christopher; Turner, John D. - 2020

What shapes and drives capital market development over the long run? In this paper, using the asset portfolios of UK life assurers, we examine the role of regulation, historical contingency and political reactions to events on the long-run development of the UK capital market. Government...

Persistent link: https://www.econbiz.de/10012315242

Capital Market Development Over the Long Run: The Portfolios of UK Life Assurers Over Two Centuries

Bogle, David; Coyle, Christopher; Turner, John D. - 2020

Persistent link: https://www.econbiz.de/10014284471

Covid-19 Full-Dose Vaccination across Uninsured Populations: Evidence across Counties in the United States

Goel, Rajeev K.; Nelson, Michael A. - 2022

This paper studies the propensities of the U.S. population to seek a full dose of vaccinations against the COVID-19 pandemic. Beyond the consideration of vaccine dissemination at the disaggregated or the local level, the main focus of this study is on determining whether a lack of health...

Persistent link: https://www.econbiz.de/10014290107

Eugster, Patrick (contributor); Zweifel, Peter (contributor) - 2006

This contribution starts out by noting a conflict of interest between consumers and insurers. Consumers face positive correlation in their assets (health, wealth, wisdom, i.e. skills), causing them to demand a great deal of insurance coverage. Insurers on the other hand eschew positively...

Persistent link: https://www.econbiz.de/10003354444

Dividend decisions in the property and liability insurance industry: mutual versus stock companies

Zou, Hong; Yang, Chuanhou; Wang, Mulong; Zhu, Minglai - In: Review of quantitative finance and accounting 33 (2009) 2, pp. 113-139

Persistent link: https://www.econbiz.de/10003880531

Transparency through insurance : mandates dominate discretion

Baker, Tom - 2008

This chapter describes how liability insurance has contributed to the transparency of the civil justice system. The chapter makes three main points. First, much of what we know about the empirics of the civil justice system comes from access to liability insurance data and personnel. Second, as...

Persistent link: https://www.econbiz.de/10009355454

Forecast based pricing of weather derivatives

Härdle, Wolfgang; López Cabrera, Brenda; Ritter, Matthias - 2012

Forecasting based pricing of Weather Derivatives (WDs) is a new approach in valuation of contingent claims on nontradable underlyings. Standard techniques are based on historical weather data. Forward-looking information such as meteorological forecasts or the implied market price of risk (MPR)...

Persistent link: https://www.econbiz.de/10009511156

The nature of risk preferences : evidence from insurance choices

Barseghyan, Levon; Molinari, Francesca; O'Donoghue, Ted; … - 2011

We use data on households' deductible choices in auto and home insurance to estimate a structural model of risky choice that incorporates "standard" risk aversion (concave utility over final wealth), loss aversion, and nonlinear probability weighting. Our estimates indicate that nonlinear...

Persistent link: https://www.econbiz.de/10009240654

The rise and fall of demand for securitizations

Chernenko, Sergey; Hanson, Samuel G.; Sunderam, Adi - 2014

Collateralized debt obligations (CDOs) and private-label mortgage-backed securities (MBS) backed by nonprime loans played a central role in the recent financial crisis. Little is known, however, about the underlying forces that drove investor demand for these securitizations. Using micro-data on...

Persistent link: https://www.econbiz.de/10010532196

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