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are growing rapidly in Muslim-dominated countries where insurance density and insurance penetration are low …
Persistent link: https://www.econbiz.de/10013005327
This article examines the regulatory challenges raised by recent, overlooked changes in insurance markets that have led … to a functional convergence between insurance and the broader financial sector.The law literature on financial regulation … context of insurance, and does so by applying an analytical framework that distinguishes between two “boundary problems” that …
Persistent link: https://www.econbiz.de/10013006171
risk. This paper focuses on the transmission of sovereign risk to insurance companies as some of the largest institutional … investors in the sovereign bond market. We use a firm level panel dataset that covers large insurance companies, banks and non … reflected in current insurance regulation (incl. upcoming Solvency II in Europe) …
Persistent link: https://www.econbiz.de/10013013087
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 …
Persistent link: https://www.econbiz.de/10012852159
This paper demonstrates that rating-based capital requirements, through their impact on insurers' investment demand, affect corporate bond prices. Consistent with insurers' low demand for investment-grade (IG) bonds with a rating close to non-investment-grade, these bonds are underpriced....
Persistent link: https://www.econbiz.de/10012854113
should be equal to the premium charged by an insurer for cyber insurance that compensates the customer for the claims … resulting from the data security and privacy breaches. We calculate the premium for cyber insurance and the percentage coverage …
Persistent link: https://www.econbiz.de/10012856024
We analyze an initiative by insurance regulators to reform capital regulations for mortgage-backed securities (MBS) by …
Persistent link: https://www.econbiz.de/10012856865
,382 observations) operating in the Spanish insurance sector during the period 2010-2017. This measure of risk has widely been used in … the banking literature, and it has recently been applied to the insurance sector as an indicator of financial soundness …
Persistent link: https://www.econbiz.de/10012858901
This Report support's the position by the ABA TIPS Task Force on Federal Involvement in Insurance Regulation … Modernization that the Terrorism Risk Insurance Act (TRIA) should be renewed. Although the market for terrorism insurance has … from the terrorism market, the price of terrorism insurance will rise and take-up rates will fall. Other countries facing …
Persistent link: https://www.econbiz.de/10013051601
We test the hypothesis that practicing Enterprise Risk Management (ERM) reduces firms' cost of reducing risk. Adoption of ERM represents a radical paradigm shift from the traditional method of managing risks individually to managing risks collectively allowing ERM-adopting firms to better...
Persistent link: https://www.econbiz.de/10013055318