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 …

This paper investigates economies of scope in the US insurance industry over the period 1993-2006. We test the … firms to diversify by offering both life-health and property-liability insurance or to specialize in one major industry … realize both cost and revenue scope diseconomies. Hence, strategic focus is superior to conglomeration in the insurance …

-affiliated U.S. property-casualty insurance companies from 1994. While it is generally assumed that affiliate support enhances the …

In recent years, insurance against natural disasters has gained recognition as an important tool for climate risk … management that could, if carefully implemented, help increase the resilience of those insured. In response, insurance solutions … are increasingly tested and applied in many countries that have no prior experience with insurance or no existing market …

This paper provides an overview of research and debate over whether insurance poses systemic risk, with a focus on U ….S. life insurance. It considers the Financial Stability Oversight Council (FSOC) process for designating nonbank financial … adverse consequences of designating individual insurance entities for enhanced supervision, which favor an alternative …

study aims to empirically investigate the input efficiency of banking and insurance sectors with further probe into Islamic … and insurance firms in our sample using the non-parametric frontier method, data envelopment analysis (DEA). The findings … period of study and has also remained well above their conventional counterparts. The study also revealed that, insurance …

and scope. We use detailed survey data of German property-liability insurance companies that allows us to construct …

This paper documents that the bond investments of insurance companies transmit shocks from insurance markets to the … real economy. Liquidity windfalls from household insurance purchases increase insurers' demand for corporate bonds …