We examine the relation between executive compensation and market-implied default risk for listed insurance firms from … extensive use of stock options leads to higher future default risk for insurance firms. We argue that this is because option …

that insurance companies hold. Until very recently and within the scope of Solvency II, liquidity risk was only considered … under Pillar II, i.e. the proposal was that insurance companies should perform a mere qualitative evaluation of it. Nowadays … Portuguese insurance sector, using actual portfolio holdings. The main empirical findings confirm liquidity risk is an important …

residential property for applications in banking and insurance including pricing, risk management, and portfolio management. Risk …

assesses the relevance of these conflicting incentives for Dutch pension funds and insurance firms over the period 1995 … insurers, indicating that risk management incentives dominate in the Dutch insurance industry. Risk shifting incentives …

This paper aims to present the insurance cost-of-capital computation issue. It highlights two methodologies introduced … adopted by supervisory authorities. These strategies are based either on market return of insurance companies or on the … modelling of insurance business profit and loss. We estimate a cost-of-capital rate corresponding to these basic methodologies …

assesses the relevance of these conflicting incentives for Dutch pension funds and insurance firms over the period 1995 … insurers, indicating that risk management incentives dominate in the Dutch insurance industry. Risk shifting incentives …

We estimate a probit model of insolvency risk, using a dataset of about 400 Dutch insurance companies during the period …

risk taking for 112 listed US insurance companies over 2003- 2010. Using OLS, system GMM and 3SLS, we find that board …

We present a model for P/L insurance companies based on Asset-Liability-Management (ALM). We show analytically for …

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 …