This paper investigates systemic risk in the insurance industry. We first analyze the systemic contribution of the … insurance industry vis-à-vis other industries by applying 3 measures, namely the linear Granger causality test, conditional … Europe over the last 14 years. We then analyze the determinants of the systemic risk contribution within the insurance …

This paper investigates systemic risk in the insurance industry. We first analyze the systemic contribution of the … insurance industry vis-a-vis other industries by applying 3 measures, namely the linear Granger causality test, conditional … Europe over the last 14 years. We then analyze the determinants of the systemic risk contribution within the insurance …

This paper provides the first cross-country study on the impact of regulations on the soundness of insurance firms …, using data on over 1,700 insurance firms operating in 46 countries. We find that the power of the supervisory authorities …

The development of international norms for insurance has not progressed as far or as deeply as the development of … new. The International Association of Insurance Supervisors (“IAIS”) has existed for less than fifteen years while the … only thirteen members from only developed nations.Finally, the fact that insurance is regulated by the states within the …

The top 100 international (re)insurance groups account for 85% of the global insurance assets and thus are the driving … force of global insurance supply. Yet little is known about their internal structure, business focus and the international … footprint. We fill the gap by providing the first comprehensive analysis of the structure and complexity of the global insurance …

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 …

This paper investigates the role of technical reserves affecting income smoothing behavior of insurance companies. This … is one of the first attempts in the literature to trace such relationship in the insurance industry, especially at a … multi-country setting. The experience of 770 insurance firms operating in 87 countries over the 2000-2009 reveals that there …