This Geneva Association “insurance reader on the credit crisis” has been put togetheras a reaction to the widespread demand for reliable information on and an intellectualappreciation of the insurance sector’s involvement in the credit crisis. Since the end of2007, The Geneva Association...

Former CEIOPS Intermediaries Expert Group, CEIOPS Committee on Consumer Protection, Conclusions of the De Larosière Report, Lessons learned from the crisis...

1. The Triple D recession will persis in 2009 - financial institution losses will continue to mount as global growth slows. 2. Policy responses, led by the US, are massive and unorthodox - previous monetary and fiscal policy rules will be broken...

The objective of fair value is to arrive at the price at which an orderly transaction would take place between market participants at the measurement date...

Using an options-based approach, we compute the value of the state guaranteefor the liability side of CS and UBS. The insurance premiums forthese two system-relevant banks are calculated in a dynamic setup from2004 until 2009 in quarterly steps for time horizons of one and five years.The model...

The bailouts of 2008–10 are the most recent in a long series of in-surance-like policies designed to limit the losses of those harmed by a crisis of some kind — but enacted after a crisis is under way. This paper analyzes the economics and politics of “crisis insurance” programs. The...