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proxy of individual risk in the banking sector, may be a useful tool when applied in the insurance sector. However …-score approaches to examine which one best fits insurance companies. The authors use a final dataset of 183 firms (1,382 observations …) operating in the Spanish insurance sector during the period 2010-2017. Design/methodology/approach - In the first stage, the …
Persistent link: https://www.econbiz.de/10012872359
The insurance industry plays an important role for European economic stability and the threats and opportunities it …
Persistent link: https://www.econbiz.de/10011668873
the travel insurance products offered in the Czech Republic. It focuses on the premia pricing, risks covered, claim limits … description of the situation in the Czech Republic, such as the travel insurance with details on the risks covered, forms of the … findings, limitations and trends of this product. The paper first analyses the whole market of travel insurance. Next, it …
Persistent link: https://www.econbiz.de/10011944738
case of the Italian earthquake insurance. In this sense, we examine in detail the vulnerability definition and its … relevance for citizens and for insurance companies. Then we investigate the Italian insurance market characterized by a very low … penetration of natural disasters insurance and the potential effects of a recent Government initiative called “Sisma Bonus”. The …
Persistent link: https://www.econbiz.de/10011883253
This study explores the effect of regulatory governance on financial stability using cross-sectional data from 55 countries. The findings show that regulatory governance and various subcomponents of regulatory governance are positively correlated with financial stability in the selected...
Persistent link: https://www.econbiz.de/10012806000
insurance companies. The proper valuation of risks is mirrored in the Solvency Capital Requirement calculated,which under … deep knowledge of all potential risks surfaces. This scope is seeken through all the reglementations of the financial … markets. Since the last major financial crisis had a less devastating impact on the insurance market and the losses suffered …
Persistent link: https://www.econbiz.de/10010480255
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
The paper examines whether there is an economic justification for a macroprudential approach to insurance regulation … characterisation of a macroprudential approach to financial regulation as well as an explanation of the functions the insurance … prevailing opinion, the paper finds that the insurance industry is of systemic relevance, at least in terms of the efficient …
Persistent link: https://www.econbiz.de/10009539808
This paper provides a rationale for the macro-prudential regulation of insurance companies, where capital requirements … actuarially fair technical reserve. However, these instruments are not sufficient when insurance companies are exposed to systemic …’s exposure to systemic risk. Implementing the optimal policy implies separating insurance firms into two categories according to …
Persistent link: https://www.econbiz.de/10011890751
European legislation for the prudential regulation of insurance and reinsurance sector has existed since the 1970s … represents a crucial modernization of European insurance regulation. Each of these regimes prescribes its own rules for the …
Persistent link: https://www.econbiz.de/10011818213