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Economic Impact of a Solvency Crisis in the Insurance Industry
Author: Kim J. Kowalewski
Publisher: DIANE Publishing
Published: 1994-05
Total Pages: 108
ISBN-13: 9780788108129
DOWNLOAD EBOOK →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.
Policy Issues in Insurance The Impact of the Financial Crisis on the Insurance Sector and Policy Responses
Author: OECD
Publisher: OECD Publishing
Published: 2011-01-28
Total Pages: 103
ISBN-13: 9264092218
DOWNLOAD EBOOK →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
Author: Felix Hufeld
Publisher: Oxford University Press
Published: 2017
Total Pages: 247
ISBN-13: 0198788819
DOWNLOAD EBOOK →The 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.
Macroprudential Solvency Stress Testing of the Insurance Sector
Author: Mr.Andreas A. Jobst
Publisher: International Monetary Fund
Published: 2014-07-22
Total Pages: 84
ISBN-13: 149832455X
DOWNLOAD EBOOK →Over the last decade, stress testing has become a central aspect of the Fund’s bilateral and multilateral surveillance work. Recently, more emphasis has also been placed on the role of insurance for financial stability analysis. This paper reviews the current state of system-wide solvency stress tests for insurance based on a comparative review of national practices and the experiences from Fund’s FSAP program with the aim of providing practical guidelines for the coherent and consistent implementation of such exercises. The paper also offers recommendations on improving the current insurance stress testing approaches and presentation of results.
Insurance and Issues in Financial Soundness
Author: Nigel Davies
Publisher: International Monetary Fund
Published: 2003-07-01
Total Pages: 45
ISBN-13: 1451856008
DOWNLOAD EBOOK →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.
How the Financial Crisis Affects Pensions and Insurance and Why the Impacts Matter
Author: Gregorio Impavido
Publisher: International Monetary Fund
Published: 2009-07
Total Pages: 58
ISBN-13:
DOWNLOAD EBOOK →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.
Global Perspectives on Insurance Today
Author: C. Kempler
Publisher: Springer
Published: 2010-11-14
Total Pages: 560
ISBN-13: 0230117376
DOWNLOAD EBOOK →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.
The Financial Crisis Inquiry Report
Author: Financial Crisis Inquiry Commission
Publisher: Cosimo, Inc.
Published: 2011-05-01
Total Pages: 692
ISBN-13: 1616405414
DOWNLOAD EBOOK →The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.
Corporate Liquidity and Solvency in Europe during COVID-19: The Role of Policies
Author: Mr.Christian H Ebeke
Publisher: International Monetary Fund
Published: 2021-03-02
Total Pages: 48
ISBN-13: 1513570919
DOWNLOAD EBOOK →The spread of COVID-19, containment measures, and general uncertainty led to a sharp reduction in activity in the first half of 2020. Europe was hit particularly hard—the economic contraction in 2020 is estimated to have been among the largest in the world—with potentially severe repercussions on its nonfinancial corporations. A wave of corporate bankruptcies would generate mass unemployment, and a loss of productive capacity and firm-specific human capital. With many SMEs in Europe relying primarily on the banking sector for external finance, stress in the corporate sector could easily translate into pressures in the banking system (Aiyar et al., forthcoming).
