Systemic risk in the insurance sector: a review and directions for future research
M Eling, DA Pankoke - Risk Management and Insurance …, 2016 - Wiley Online Library
This article reviews the extant research on systemic risk in the insurance sector and outlines
new areas of research in this field. We summarize and classify 48 theoretical and empirical …
new areas of research in this field. We summarize and classify 48 theoretical and empirical …
Systemic risk and the US insurance sector
JD Cummins, MA Weiss - Journal of Risk and insurance, 2014 - Wiley Online Library
This article examines the potential for the US insurance industry to cause systemic risk
events that spill over to other segments of the economy. We examine primary indicators of …
events that spill over to other segments of the economy. We examine primary indicators of …
The cost of financial frictions for life insurers
RSJ Koijen, M Yogo - American Economic Review, 2015 - aeaweb.org
During the financial crisis, life insurers sold long-term policies at deep discounts relative to
actuarial value. The average markup was as low as− 19 percent for annuities and− 57 …
actuarial value. The average markup was as low as− 19 percent for annuities and− 57 …
Is historical cost accounting a panacea? Market stress, incentive distortions, and gains trading
Accounting rules, through their interactions with capital regulations, affect financial
institutions' trading behavior. The insurance industry provides a laboratory to explore these …
institutions' trading behavior. The insurance industry provides a laboratory to explore these …
[图书][B] Handbook of insurance
G Dionne - 2000 - Springer
What a pleasure it is to discover the second edition of the Handbook of Insurance, edited by
Georges Dionne, 12 years after the first! Almost all original basic texts are there, for the most …
Georges Dionne, 12 years after the first! Almost all original basic texts are there, for the most …
Recent research on banks' financial reporting and financial stability
SG Ryan - Annual Review of Financial Economics, 2018 - annualreviews.org
Banks' financial reporting requirements and discretionary choices may affect financial
stability by altering one or more of the likelihood that banks violate regulatory capital …
stability by altering one or more of the likelihood that banks violate regulatory capital …
Insurers as asset managers and systemic risk
Financial intermediaries often provide guarantees resembling out-of-the-money put options,
exposing them to undiversifiable tail risk. We present a model in the context of the US life …
exposing them to undiversifiable tail risk. We present a model in the context of the US life …
A comparison of Islamic and conventional insurance demand: Worldwide evidence during the Global Financial Crisis
In this paper we compare the Islamic insurance industry (Takaful) to the conventional
insurance across 14 countries over the 2005–2014 period. Our methodology relies on panel …
insurance across 14 countries over the 2005–2014 period. Our methodology relies on panel …
Financial liberalization, insurance market, and the likelihood of financial crises
CC Lee, CW Lin, JH Zeng - Journal of International Money and Finance, 2016 - Elsevier
This paper provides empirical evidence to investigate the direct impact of financial
liberalization on the likelihood of currency/systemic banking crises, and examines the roles …
liberalization on the likelihood of currency/systemic banking crises, and examines the roles …
Globalization, political institutions, financial liberalization, and performance of the insurance industry
CC Lee, CW Lin - The North American Journal of Economics and Finance, 2016 - Elsevier
This paper investigates the impacts of globalization, political institutions, and financial
liberalization on the performance and risk-taking of insurance firms covering 1324 individual …
liberalization on the performance and risk-taking of insurance firms covering 1324 individual …