- Insurers as Asset Managers and Systemic Risk🔍
- Insurers as asset managers and systemic risk🔍
- Insurers As Asset Managers and Systemic Risk🔍
- INSURERS AS ASSET MANAGERS AND SYSTEMIC RISK🔍
- Insurers' Product Evolutions a Source of Systemic Risk🔍
- THE ASSET MANAGEMENT INDUSTRY AND SYSTEMIC RISK:🔍
- Systemic Risk and the Asset Management Industry🔍
Insurers as Asset Managers and Systemic Risk
Insurers as Asset Managers and Systemic Risk - Oxford Academic
Abstract. Financial intermediaries often provide guarantees resembling out-of-the-money put options, exposing them to undiversifiable tail ...
Insurers as asset managers and systemic risk
Keywords: Systemic risk; Financial stability; Inter-connectedness; Insurance companies. JEL Classification: G11; G12; G14; G18; G22. Page 3. 1 Introduction.
Insurers as Asset Managers and Systemic Risk - Oxford Academic
Using our calibrated parameters, we infer insurers' hedge coverage and calculate their hypothetical portfolios that would obtain if they did not write the ...
Insurers As Asset Managers and Systemic Risk
Financial intermediaries often provide guarantees resembling out-of-the-money put options, exposing them to undiversifiable tail risk.
Insurers as Asset Managers and Systemic Risk
Financial intermediaries often provide guarantees that resemble out-of-the-money put options, exposing them to tail risk. We present a model in the context ...
Insurers as Asset Managers and Systemic Risk
We present a model in which variable annuity (VA) guarantees and associated hedging operate within the regulatory capital framework to create incentives for ...
Insurers as asset managers and systemic risk - CEPR
Insurers can take a long-term investment perspective, and potentially act as asset insulators by providing liquidity during periods of market stress.
Insurers As Asset Managers and Systemic Risk
In the event of major asset and guarantee shocks and absent regulatory intervention, these shared exposures exacerbate system-wide fire sales to maintain ...
Insurers As Asset Managers and Systemic Risk - SMU Scholar
In the event of major asset and guarantee shocks and absent regulatory intervention, these shared exposures exacerbate system-wide fire sales to ...
Insurers as Asset Managers and Systemic Risk
“Insurers as Asset Managers and Systemic Risk” by Andrew Ellul, Chotibhak Jotikasthira, Anastasia Kartasheva,. Christian T. Lundblad and Wolf Wagner.
Insurers as Asset Managers and Systemic Risk - IDEAS/RePEc
We present a model in the context of the US life insurance industry in which the regulatory framework incentivizes value-maximizing insurers to hedge variable ...
Insurers as asset managers and systemic risk - IDEAS/RePEc
Downloadable! Financial intermediaries often provide guarantees that resemble out-of-the-money put options, exposing them to tail risk.
Insurers as Asset Managers and Systemic Risk | Request PDF
Request PDF | On Jan 1, 2018, Andrew Ellul and others published Insurers as Asset Managers and Systemic Risk | Find, read and cite all the research you need ...
Insurers as Asset Managers and Systemic Risk - ACPR
We then calibrate the model to insurer-level data, and show that the VA-writing insurers' collective allocation to illiquid bonds exacerbates ...
INSURERS AS ASSET MANAGERS AND SYSTEMIC RISK
The fund is invested in stocks (> 70%), bonds, and money markets. □ An insurer allocates policyholder savings to a separate account and acts as a delegated ...
Insurers as Asset Managers and Systemic Risk - OUCI
In the event of major asset and guarantee shocks and absent regulatory intervention, these shared exposures exacerbate system-wide fire sales to maintain ...
Insurers' Product Evolutions a Source of Systemic Risk
During a period of stock market stress, an individual insurance company may be forced to sell its assets to re-gain financial health and meet ...
Insurers as Asset Managers and Systemic Risk - ABFER
In the event of major asset or guarantee shocks and absent regulatory intervention, these shared exposures exacerbate system-wide fire sales to maintain capital ...
THE ASSET MANAGEMENT INDUSTRY AND SYSTEMIC RISK:
In the aftermath of the 2007-2008 financial crisis, new legislation and regulations have pressured banks and insurance companies to reduce their size, leverage, ...
Some asset managers exist within independent investment companies while others may be divisions of insurers, banks, or other entities. Asset managers may.