Systemic Risk and the Insurance Industy: Principal Linkages and Dependencies
ISBN
978-1-137-43909-3
Type
book section
Date Issued
2014
Author(s)
Abstract
With respect to the insurance sector, Eling and Pankoke (2014) review 43 theoretical and empirical research papers on systemic risk and suggest several other areas of research that would be useful in this field. We build upon and extend the results by Eling and Pankoke (2014) as follows: After a discussion of the term ‘systemic risk' and a review of the extant research results on systemic risk in the insurance sector, we analyse the implications of this discussion for macroprudential supervision. For this purpose, we evaluate the relevance of banking-sector macroprudential instruments to the insurance sector. Moreover, we discuss to what extent systemic risk might be triggered by regulation itself, especially by Solvency II, the forthcoming European-wide regulatory framework for risk-based capital. Finally, in the last section we provide a summary of the points made in this chapter.
Language
English
Keywords
Systemic Risk
Insurance
Macroprudential Supervision
HSG Classification
contribution to scientific community
Refereed
No
Book title
Macroprudential Supervision in Insurance
Publisher
Palgrave Macmillan
Publisher place
Houndmills, New York
Start page
38
End page
65
Pages
28
Subject(s)
Division(s)
Eprints ID
238474