Gelos, Gaston, Valckx, Nico, (2016), “The insurance sector and systemic risk”, Voxeu, 27 July
In recent years, the life insurance sector has become more systemically important across advanced economies. This increase is largely due to growing common exposures and to insurers’ rising interest rate sensitivity. This column analyses the evolution of the insurance sector’s contribution to systemic risk. Overall, life insurers do not seem to have markedly changed their asset portfolios toward riskier assets, although smaller and weaker insurers in some countries have taken on more risk. The findings suggest that supervisors and regulators should take a more macroprudential approach to the sector.
Relevant Posts
- Ellul, Andrew, Pagano, Marco, Schivardi, Fabiano, (2016), ” Employment and wage insurance within firms: Worldwide evidence “, Voxeu, 17 June
- Dolls, Mathias, Fuest, Clemens, Heinemann, Friedrich, Peichl, Andreas, (2015), ” Reconciling Insurance with Market Discipline: A Blueprint for a European Fiscal Union”, ZEW Discussion Paper No. 15-044, July 2015
