Economic Impact of a Solvency Crisis in the Insurance Industry
Title | Economic Impact of a Solvency Crisis in the Insurance Industry PDF eBook |
Author | Kim J. Kowalewski |
Publisher | DIANE Publishing |
Pages | 108 |
Release | 1994-05 |
Genre | |
ISBN | 9780788108129 |
Examines what would happen to the economy in general & the financial system in particular if the insurance industry experienced a solvency crisis. Includes: how a solvency crisis could arise (catastrophic increases in claims by policyholders; collapse of markets for assets held by the insurance industry; etc.); effects of a solvency crisis on the economy; & options for reducing the risks of a solvency crisis. 9 tables & figures.
The Economic Impact of a Solvency Crisis in the Insurance Industry
Title | The Economic Impact of a Solvency Crisis in the Insurance Industry PDF eBook |
Author | |
Publisher | |
Pages | 80 |
Release | 1994 |
Genre | Bankruptcy |
ISBN |
Global Perspectives on Insurance Today
Title | Global Perspectives on Insurance Today PDF eBook |
Author | C. Kempler |
Publisher | Springer |
Pages | 322 |
Release | 2010-11-14 |
Genre | Business & Economics |
ISBN | 0230117376 |
Many risks face the global insurance industry today, including the aging populations of developed countries, competition from other financial institutions, and both disparate and quickly changing regulatory demands, to name a few. The book s contributors offer their unique perspectives on challenges confronting the insurance industry and how attendant risks can be most effectively managed.
Policy Issues in Insurance The Impact of the Financial Crisis on the Insurance Sector and Policy Responses
Title | Policy Issues in Insurance The Impact of the Financial Crisis on the Insurance Sector and Policy Responses PDF eBook |
Author | OECD |
Publisher | OECD Publishing |
Pages | 103 |
Release | 2011-01-28 |
Genre | |
ISBN | 9264092218 |
This special report assesses the impact of the crisis on the insurance sector and reviews policy responses within OECD countries.
The Economics, Regulation, and Systemic Risk of Insurance Markets
Title | The Economics, Regulation, and Systemic Risk of Insurance Markets PDF eBook |
Author | Felix Hufeld |
Publisher | Oxford University Press |
Pages | 247 |
Release | 2016-10-28 |
Genre | Business & Economics |
ISBN | 0191093173 |
Despite the importance of insurance in enabling individual and collective social, economic, and financial activities, discussions about the macroeconomic role and risks of insurance markets are surprisingly limited. This book brings together academics, regulators, and industry experts to provide a multifaceted array of research and perspectives on insurance, its role and functioning, and the potential systemic risk it could create. The first part discusses the macroeconomic role of insurance and how insurance is different from banking and general finance. Understanding the differences between the balance sheets of insurers and other financial intermediaries is essential for understanding the potential differences in risk nature and optimal regulation. The second part of the book focuses on the risks managed by the insurance sector and the potential for systemic risk. The chapters discuss the risks both on the asset and liability sides of insurers' balance sheets. The third part of the book covers the impact of regulation on insurance companies. Existing regulation is often complex and has a large impact on insurance companies' decision-making and functioning. The chapters also illustrate the unintended consequences of various forms of regulation. The book concludes with a summary of a survey that has been conducted in collaboration with McKinsey, where insurance executives have been asked about the risks and regulation in the insurance sector. The survey provides guidance for future research on insurance markets.
How the Financial Crisis Affects Pensions and Insurance and Why the Impacts Matter
Title | How the Financial Crisis Affects Pensions and Insurance and Why the Impacts Matter PDF eBook |
Author | Gregorio Impavido |
Publisher | International Monetary Fund |
Pages | 58 |
Release | 2009-07 |
Genre | Business & Economics |
ISBN |
We use a calibrated multi-sector DSGE model to analyze the likely impact of oil windfalls on the Ghanaian economy, under alternative fiscal and monetary policy responses. We distinguish between the short-run impact, associated with demand-related pressures, and the medium run impact on competitiveness and growth. The impact on inflation and the real exchange rate could be moderate, especially if the fiscal authorities smooth oil-related spending or increase public spending's import content. However, a policy mix that results in both a fiscal expansion and the simultaneous accumulation of the foreign currency proceeds from oil as international reserves to offset the real appreciation would raise demand pressures and crowd-out the private sector. In the medium term, the negative impact on competitiveness resulting from "Dutch Disease" effects could be small, provided public spending increases the stock of productive public capital. These findings highlight the role of different policy responses, and their interaction, for the macroeconomic impact of oil proceeds.
Insurance and Issues in Financial Soundness
Title | Insurance and Issues in Financial Soundness PDF eBook |
Author | Nigel Davies |
Publisher | International Monetary Fund |
Pages | 45 |
Release | 2003-07-01 |
Genre | Business & Economics |
ISBN | 1451856008 |
This paper explores insurance as a source of financial system vulnerability. It provides a brief overview of the insurance industry and reviews the risks it faces, as well as several recent failures of insurance companies that had systemic implications. Assimilation of banking-type activities by life insurers appears to be the key systemic vulnerability. Building on this experience and the experience gained under the FSAP, the paper proposes key indicators that should be compiled and used for surveillance of financial soundness of insurance companies and the insurance sector as a whole.