The project is focused on top-down stress testing of the Czech insurance sector. The aim of the present paper is to … describe the advanced method for macro stress testing of insurance companies used by the CNB. We apply the presented stress … test to eleven Czech insurance companies. The shocks applied are designed to replicate a macroeconomic scenario and to …

We develop a new method of assessing conditional conservatism using more detailed data available from the insurance …-liability (P&L) insurance companies. We also investigate how a change to accounting rules affects conditional conservatism. The P …&L insurance industry is a perfect setting for studying accruals because we have specific and detailed firm-year level information …

Catastrophe (Cat) bonds are insurance securitization vehicles which are supposed to transfer catastrophe … the market for insurance securitization is easiest for firms with less risky portfolios. Second, firms that issue Cat …

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 …

insurance by strictly-risk averse agents and risk-neutral firms when they enjoy limited liability. When exposed to a bankrupting … decision to insure will depend on whether the benefits the insuree derives from insurance after having compensated the damaged …

This paper investigates the relationship between female CEOs and insolvency risk of U.S. property-casualty insurance …

balance the benefits of the provision of liquidity services by bank deposits with the costs of bankruptcy. The risk in the …

reducing the asset substitution incentive. The reduction of bankruptcy costs is strong only when the countercyclicality feature … important depending on priorities (moderate the asset substitution incentive or reduce bankruptcy costs). …

short-run; leverage requirements reduce default risk but may significantly reduce bank value; mispriced deposit insurance …

deteriorated in 2007 what could be explained through global market turbulences. -- bankruptcy prediction ; financial stability …