Centro de Documentacion de Fundación MAPFRE - Why (Re)insurance is not systemic

Notas: 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.Registros relacionados: 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. 477-488Materia / lugar / evento: Mercado de reaseguros Gerencia de riesgos Riesgo sistémico Evolución del reaseguro Perspectivas del seguro Modelos de negocio Estabilidad financiera Control de entidades financieras Crisis financiera Otras clasificaciones: 5

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