International Insurance Industry and Systemic Risk

Necla Tunay (), K. Batu Tunay () and Nesrin Özataç ()
Additional contact information
Necla Tunay: Marmara University
K. Batu Tunay: Yildiz Technical University
Nesrin Özataç: Eastern Mediterranean University

A chapter in Emerging Trends in Banking and Finance, 2018, pp 241-249 from Springer

Abstract: Abstract After the global crises, it is observed that not only the banking sector but also the insurance industry has systemic risk sources. Moreover, there are studies that found that insurance companies are even more risky compared to other financial intermediaries. In regard to this, life and non-life insurance companies and banks’ systemic risk causalities are analysed. Systematic risk measurements and conditional capital inadequacy were used. Dumitrescu-Hurlin panel causality tests were used to analyse the weekly global data for the years between 2005 and 2015. The main aim of the study is to find out if there is a relation between the systemic risk of life and non-life insurance and commercial banks. However, the results of the past studies indicate that the transfer of bank systemic risk has a strong role. The results of the study reveal that especially in regard to conditional risk based value where the systemic risks of life and non-life insurance companies and banks have strong causalities. It can be concluded that insurance companies’ systemic risk has a potential to be spreaded regarding to the geographical area.

Keywords: International Insurance Industry; Non-life Insurance Companies; System Risk Level; Billio; Bongini (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-01784-2_15

Ordering information: This item can be ordered from
http://www.springer.com/9783030017842

DOI: 10.1007/978-3-030-01784-2_15

Access Statistics for this chapter

More chapters in Springer Proceedings in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().