/

Nematrian Reference Library

[this page | back links]

Set out below is information (held by the Nematrian website) on the reference you have selected


ReferenceTitleLink
Ellinas, C., Allan, N. and Cantle, N. (2016)The surprising systemic risk of insurershere

Summary

"Traditional analysis of the systemic importance of insurance firms has focused on firm-based information that relies on the financial condition of individual firms. By looking at factors such as admissible assets and excess capital the strength of each individual firm is determined. This is then aggregated across firms to draw assumptions and conclusions about the systemic resilience of the industry and the level of systemic risk it poses.

However, we argue that such a methodology can be misleading and does not accurately capture the probability of default once a number of firms fail, because of a failure to understand the interconnectedness of insurance firms."


See here to choose a new Category/Sub-Category or here for a list of all references held by the Nematrian website. Please contact us if any of the above material is inaccurate or if there are references you think should be included that we have excluded or vice-versa.
Desktop view | Switch to Mobile