Why (Re)insurance is not systemic

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<rdf:Description>
<dc:creator>Kessler, Denis</dc:creator>
<dc:date>2014-09-01</dc:date>
<dc:description xml:lang="es">Sumario: The traditional model of (re)insurance lacks the elements that make a financial institution systemically important: risks are effectively pulverized; liabilities tend to be prefunded, which eliminates most of the leverage in the traditional sense; and active asset-liability management reduces most of the liquidity mismatch that traditionally propagates systemic risk. (Re)insurers that have stuck to this traditional business model have successfully weathered the crisis, even playing a stabilizing role. Unfortunately, this is not sufficiently recognized in the current IAIS-FSB debate on assessing systemic risk in the (re)insurance sector.</dc:description>
<dc:identifier>https://documentacion.fundacionmapfre.org/documentacion/publico/es/bib/148737.do</dc:identifier>
<dc:language>spa</dc:language>
<dc:rights xml:lang="es">InC - http://rightsstatements.org/vocab/InC/1.0/</dc:rights>
<dc:subject xml:lang="es">Mercado de reaseguros</dc:subject>
<dc:subject xml:lang="es">Gerencia de riesgos</dc:subject>
<dc:subject xml:lang="es">Riesgo sistémico</dc:subject>
<dc:subject xml:lang="es">Evolución del reaseguro</dc:subject>
<dc:subject xml:lang="es">Perspectivas del seguro</dc:subject>
<dc:subject xml:lang="es">Modelos de negocio</dc:subject>
<dc:subject xml:lang="es">Estabilidad financiera</dc:subject>
<dc:subject xml:lang="es">Control de entidades financieras</dc:subject>
<dc:subject xml:lang="es">Crisis financiera</dc:subject>
<dc:type xml:lang="es">Artículos y capítulos</dc:type>
<dc:title xml:lang="es">Why (Re)insurance is not systemic</dc:title>
<dc:relation xml:lang="es">En: The Journal of risk and insurance. - Nueva York : The American Risk and Insurance Association, 1964- = ISSN 0022-4367. - 01/09/2014 Volumen 81 Número 3 - septiembre 2014 , p. 477-488</dc:relation>
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