The Rising interconnectedness of the insurance sector
<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.loc.gov/MARC21/slim http://www.loc.gov/standards/marcxml/schema/MARC21slim.xsd">
<record>
<leader>00000cab a2200000 4500</leader>
<controlfield tag="001">MAP20220014083</controlfield>
<controlfield tag="003">MAP</controlfield>
<controlfield tag="005">20220510164507.0</controlfield>
<controlfield tag="008">220510e20220509esp|||p |0|||b|spa d</controlfield>
<datafield tag="040" ind1=" " ind2=" ">
<subfield code="a">MAP</subfield>
<subfield code="b">spa</subfield>
<subfield code="d">MAP</subfield>
</datafield>
<datafield tag="084" ind1=" " ind2=" ">
<subfield code="a">219</subfield>
</datafield>
<datafield tag="100" ind1="1" ind2=" ">
<subfield code="0">MAPA20220004961</subfield>
<subfield code="a">Jourde, Tristan</subfield>
</datafield>
<datafield tag="245" ind1="1" ind2="4">
<subfield code="a">The Rising interconnectedness of the insurance sector</subfield>
<subfield code="c">Tristan Jourde</subfield>
</datafield>
<datafield tag="520" ind1=" " ind2=" ">
<subfield code="a">This paper examines the long-term evolution of the linkages of the insurance sector with financial and nonfinancial companies. We develop a measure of connectedness using a multifactor model of weekly equity returns. The empirical analysis is conducted from 1973 to 2018, for 16 developed countries, at both the sectoral and institution levels. The results indicate that, unlike other sectors, the connectedness level of the insurance industry has strengthened over time. We also find that the linkages of the largest insurance companies with financial and nonfinancial firms are structurally different but as high as those of the largest banks.
</subfield>
</datafield>
<datafield tag="650" ind1=" " ind2="4">
<subfield code="0">MAPA20080586294</subfield>
<subfield code="a">Mercado de seguros</subfield>
</datafield>
<datafield tag="650" ind1=" " ind2="4">
<subfield code="0">MAPA20080597641</subfield>
<subfield code="a">Mercados financieros</subfield>
</datafield>
<datafield tag="773" ind1="0" ind2=" ">
<subfield code="w">MAP20077000727</subfield>
<subfield code="g">09/05/2022 Volumen 89 Número 2 - mayo 2022 , p. 397-425</subfield>
<subfield code="x">0022-4367</subfield>
<subfield code="t">The Journal of risk and insurance</subfield>
<subfield code="d">Nueva York : The American Risk and Insurance Association, 1964-</subfield>
</datafield>
</record>
</collection>