Systemic risk and insurance

Pierre-Emmanuel Darpeix

PSE Working Papers from HAL

Abstract: The literature generally agrees that the traditional insurance sector is not a source of systemic risk, and insurers are often considered to be shock absorbers rather than shock amplifiers. Yet, the evolution of the industry both in terms of structure (concentration of the reinsurers, increased linkages with banks, especially through bancassurance conglomerates) and in terms of techniques (securitization, monolines, derivatives) increased the systemic relevance of the insurers.

Keywords: Insurance; Systemic risk; International regulation (search for similar items in EconPapers)
Date: 2015-11
New Economics Papers: this item is included in nep-ias and nep-rmg
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