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

MAP20140031832

Why (Re)insurance is not systemic / Denis Kessler

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

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

1. Mercado de reaseguros . 2. Gerencia de riesgos . 3. Riesgo sistémico . 4. Evolución del reaseguro . 5. Perspectivas del seguro . 6. Modelos de negocio . 7. Estabilidad financiera . 8. Control de entidades financieras . 9. Crisis financiera . I. Título.