Systemic risk in the insurance sector : a review and directions for future research
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LDR | 00000cab a2200000 4500 | ||
001 | MAP20160033762 | ||
003 | MAP | ||
005 | 20161121165922.0 | ||
008 | 161115e20161003usa|||p |0|||b|eng d | ||
040 | $aMAP$bspa$dMAP | ||
084 | $a7 | ||
100 | $0MAPA20080644529$aEling, Martin | ||
245 | 1 | 0 | $aSystemic risk in the insurance sector$b: a review and directions for future research$cMartin Eling, David Antonius Pankoke |
520 | $aThis article reviews the extant research on systemic risk in the insurance sector and outlines new areas of research in this field. We summarize and classify 48 theoretical and empirical research papers from both academia and practitioner organizations. The survey reveals that traditional insurance activity in the life, nonlife, and reinsurance sectors neither contributes to systemic risk nor increases insurers¿ vulnerability to impairments of the financial system. However, nontraditional activities (e.g., credit default swap underwriting) might increase vulnerability, and life insurers might be more vulnerable than nonlife insurers due to higher leverage. Whether nontraditional activities also contribute to systemic risk is not entirely clear; however, the activities with the potential to contribute to systemic risk include underwriting financial derivatives and providing financial guarantees. This article is not only likely of interest to academics but also highly relevant for the industry, regulators, and policymakers | ||
650 | 4 | $0MAPA20080591182$aGerencia de riesgos | |
650 | 4 | $0MAPA20080586294$aMercado de seguros | |
650 | 4 | $0MAPA20080590567$aEmpresas de seguros | |
650 | 4 | $0MAPA20100016923$aRiesgo sistémico | |
650 | 4 | $0MAPA20080604394$aValoración de riesgos | |
700 | 1 | $0MAPA20160014099$aPankoke, David Antonius | |
773 | 0 | $wMAP20077001748$tRisk management & insurance review$dMalden, MA : The American Risk and Insurance Association by Blackwell Publishing, 1999-$x1098-1616$g03/10/2016 Tomo 19 Número 2 - 2016 , p. 249-284 |