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The financial impact of the implementation of Solvency II on the Mexican insurance sector

Recurso electrónico / Electronic resource
Registro MARC
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1001 ‎$0‎MAPA20220003933‎$a‎Gavira Durón, Nora
24510‎$a‎The financial impact of the implementation of Solvency II on the Mexican insurance sector‎$c‎Nora Gavira-Durón, Daniel Mayorga Serna, Alberto Bagatella Osorio
520  ‎$a‎This paper examines the effects of the regulatory changes implemented in the Mexican insurance sector in adjustment to the international regulations of Solvency II imposed by the International Association of Insurance Supervisors. The effect of regulatory changes on the risk and performance levels of foreign entities was analysed and compared with their domestic counterparts. Using a difference-in-difference estimator, significant evidence that foreign insurance companies enhanced their default risk after complying with the law was found. The findings showed that the stability levels of domestic entities were negatively affected. No effect on the performance level for both types of entities was found. This study provides evidence that foreign entities were already prepared for the change in regulation, as opposed to domestic ones, due to their association with their foreign holdings.
650 4‎$0‎MAPA20080564254‎$a‎Solvencia II
650 4‎$0‎MAPA20080586294‎$a‎Mercado de seguros
651 1‎$0‎MAPA20080637781‎$a‎México
7001 ‎$0‎MAPA20220003940‎$a‎Mayorga Serna, Daniel
7001 ‎$0‎MAPA20220003957‎$a‎Bagatella Osorio, Alberto
7730 ‎$w‎MAP20077100215‎$g‎04/04/2022 Volumen 47 Número 2 - abril 2022 , p. 349-374‎$x‎1018-5895‎$t‎Geneva papers on risk and insurance : issues and practice‎$d‎Geneva : The Geneva Association, 1976-