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Systemic risk and the U.S. insurance sector

Recurso electrónico / electronic resource
Registro MARC
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1001 ‎$0‎MAPA20080189273‎$a‎Cummins, J. David
24510‎$a‎Systemic risk and the U.S. insurance sector‎$c‎J. David Cummins, Mary A. Weiss
520  ‎$a‎This article examines the potential for the U.S. insurance industry to cause systemic risk events that spill over to other segments of the economy. We examine primary indicators of systemic risk as well as contributing factors that exacerbate vulnerability to systemic events. Evaluation of systemic risk is based on a detailed financial analysis of the insurance industry, its role in the economy, and the interconnectedness of insurers. The primary conclusion is that the core activities of U.S. insurers do not pose systemic risk. However, life insurers are vulnerable to intrasector crises, and both life and property-casualty insurers are vulnerable to reinsurance crises. Noncore activities such as financial guarantees and derivatives trading may cause systemic risk, and interconnectedness among financial institutions has grown significantly in recent years. To reduce systemic risk from noncore activities, regulators need to continue efforts to strengthen mechanisms for insurance group supervision.
650 4‎$0‎MAPA20080586294‎$a‎Mercado de seguros
650 4‎$0‎MAPA20080591182‎$a‎Gerencia de riesgos
650 4‎$0‎MAPA20100016923‎$a‎Riesgo sistémico
650 4‎$0‎MAPA20080601522‎$a‎Evaluación de riesgos
650 4‎$0‎MAPA20080601904‎$a‎Indicadores de riesgo
650 4‎$0‎MAPA20080603182‎$a‎Productos financieros
650 4‎$0‎MAPA20080598631‎$a‎Reducción de riesgos
650 4‎$0‎MAPA20080584351‎$a‎Control de seguros
651 1‎$0‎MAPA20080638337‎$a‎Estados Unidos
7001 ‎$0‎MAPA20080119485‎$a‎Weiss, Mary A.
7730 ‎$w‎MAP20077000727‎$t‎The Journal of risk and insurance‎$d‎Nueva York : The American Risk and Insurance Association, 1964-‎$x‎0022-4367‎$g‎01/09/2014 Volumen 81 Número 3 - septiembre 2014 , p. 489-527