Systemic Risk In The Insurance Sector
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The Economics Regulation And Systemic Risk Of Insurance Markets
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Author : Felix Hufeld
language : en
Publisher: Oxford University Press
Release Date : 2016-10-28
The Economics Regulation And Systemic Risk Of Insurance Markets written by Felix Hufeld and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-10-28 with Business & Economics categories.
Despite the importance of insurance in enabling individual and collective social, economic, and financial activities, discussions about the macroeconomic role and risks of insurance markets are surprisingly limited. This book brings together academics, regulators, and industry experts to provide a multifaceted array of research and perspectives on insurance, its role and functioning, and the potential systemic risk it could create. The first part discusses the macroeconomic role of insurance and how insurance is different from banking and general finance. Understanding the differences between the balance sheets of insurers and other financial intermediaries is essential for understanding the potential differences in risk nature and optimal regulation. The second part of the book focuses on the risks managed by the insurance sector and the potential for systemic risk. The chapters discuss the risks both on the asset and liability sides of insurers' balance sheets. The third part of the book covers the impact of regulation on insurance companies. Existing regulation is often complex and has a large impact on insurance companies' decision-making and functioning. The chapters also illustrate the unintended consequences of various forms of regulation. The book concludes with a summary of a survey that has been conducted in collaboration with McKinsey, where insurance executives have been asked about the risks and regulation in the insurance sector. The survey provides guidance for future research on insurance markets.
Systemic Risk And Reinsurance
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Author : Weidong Tian
language : en
Publisher: MDPI
Release Date : 2020-07-01
Systemic Risk And Reinsurance written by Weidong Tian and has been published by MDPI this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-07-01 with Social Science categories.
This Special Issue covers the topic of timely vital risk management - systemic risk - from many important perspectives. It includes novel and scientific approaches from the network with topological indicators on systemic risk, community analysis of the global financial system, welfare analysis of capital insurance and the impact of capital requirement, risk measures, and optimal portfolio and optimal reinsurance under risk constraint. Most articles study the financial sector and insurance companies after the financial crisis of 2008–2009 circa ten years prior. The COVID-19 global pandemic in 2020 has caused similar or even greater challenges for the entire economy. Therefore, this Special Issue will be useful for anyone interested in systemic risk management.
Systemic Risk And The Future Of Insurance Regulation
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Author : Andromachi Georgosouli
language : en
Publisher: Taylor & Francis
Release Date : 2017-09-19
Systemic Risk And The Future Of Insurance Regulation written by Andromachi Georgosouli and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-19 with Law categories.
This book examines policy developments that have been occurring in the field of financial regulation and their implications for the insurance industry and markets. With UK and US contributors from academia and legal practice, this book will be essential reading for policy-makers, insurance regulators, insurance and legal professionals as well as students and academics researching and studying insurance law.
Systemic Risk In The Insurance Sector
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Author : Vanessa Endrejat
language : en
Publisher:
Release Date : 2019
Systemic Risk In The Insurance Sector written by Vanessa Endrejat and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
Systemic Risk In The Insurance Sector
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Author : Martin Eling
language : en
Publisher:
Release Date : 2014
Systemic Risk In The Insurance Sector written by Martin Eling and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
Systemic Risk In The Insurance Sector
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Author : Andreas (Andy) Jobst
language : en
Publisher:
Release Date : 2014
Systemic Risk In The Insurance Sector written by Andreas (Andy) Jobst and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
The following article reviews the recent regulatory efforts in defining systemic risk in the insurance sector and the designation of systemically important insurers. Although current evidence suggests that core insurance activities are unlikely to cause or propagate systemic risk, the characteristics and business models of insurance firms vary by country and might require a more nuanced examination, with a particular focus on non-traditional and/or non-insurance (NTNI) activities. The article also includes the assessment of identified vulnerabilities from liquidity risk in the context of the Bermuda market, which provides valuable insights into systemic risk analysis in the domestic context of an insurance market dominated by non-life underwriting.
Systemic Risk And The U S Insurance Sector
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Author : J David Cummins
language : en
Publisher:
Release Date : 2014
Systemic Risk And The U S Insurance Sector written by J David Cummins and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
This paper examines the potential for the U.S. insurance industry to cause systemic risk events that spill over to other segments of the economy. We examine primary indicators that determine whether institutions are systemically risky as well as contributing factors that exacerbate vulnerability to systemic events. Evaluation of systemic risk is based on a detailed financial analysis of the insurance industry, its role in the economy, and the interconnectedness of insurers. The primary conclusion is that the core activities of the U.S. insurers do not pose systemic risk. However, life insurers are vulnerable to intra-sector crises because of leverage and liquidity risk; and both life and property-casualty insurers are vulnerable to reinsurance crises arising from counterparty credit exposure. Non-core activities such as derivatives trading have the potential to cause systemic risk, and most global insurance organizations have exposure to derivatives markets. To reduce systemic risk from non-core activities, regulators need to develop better mechanisms for insurance group supervision.
Systemic Risk In The Insurance Sector
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Author : Martin Eling
language : en
Publisher:
Release Date : 2012
Systemic Risk In The Insurance Sector written by Martin Eling and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
The Insurance Sector Trends And Systemic Risk Implications
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Author : Nico Valckx
language : en
Publisher:
Release Date : 2016
The Insurance Sector Trends And Systemic Risk Implications written by Nico Valckx and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
This chapter describes major insurance sector developments over the past decade and assesses changes in the systemic importance of insurers. Insurance firms play an important role as providers of protection against financial and economic risks and as financial intermediaries.The chapter shows that across advanced economies the contribution of life insurers to systemic risk has increased in recent years, although it clearly remains below that of banks. This increase is largely due to growing common exposures to aggregate risk, caused partly by a rise in insurers' interest rate sensitivity. Thus, in the event of an adverse shock, insurers are unlikely to fulfill their role as financial intermediaries precisely when other parts of the financial system are failing to do so as well. The higher common exposures do not seem to be driven by marked changes in insurers' investment portfolios, although smaller and weaker insurers in some countries have taken on more risk.The findings suggest that supervisors and regulators should take a more macroprudential approach to the sector. Doing so is necessary if supervision is to go beyond guarding against the solvency and contagion risks of individual firms and take on the systemic risk arising from common exposures. Steps that would complement a push for stronger macroprudential policies include the international adoption of capital and transparency standards for the sector. In addition, the different behavior of smaller and weaker insurers warrants attention by supervisors.
Global Perspectives On Insurance Today
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Author : C. Kempler
language : en
Publisher: Springer
Release Date : 2010-11-14
Global Perspectives On Insurance Today written by C. Kempler and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-11-14 with Business & Economics categories.
Many risks face the global insurance industry today, including the aging populations of developed countries, competition from other financial institutions, and both disparate and quickly changing regulatory demands, to name a few. The book s contributors offer their unique perspectives on challenges confronting the insurance industry and how attendant risks can be most effectively managed.