Internal and external drivers for risk taking in UK and German insurance markets

Eling, Martin; Marek, Sebastian D.

doi:10.1504/ijbaaf.2012.045513

Cited by 3 publications

(1 citation statement)

References 70 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…In addition, Eling and Marek (2012) analyse the impact of both firm-specific and external factors on European insurer risk-taking based on a sample of 35 German and U.K.…”

Section: Risk-taking By Insurers' Investment Decisions -Factors For Cmentioning

confidence: 99%

The evolution of insurer portfolio investment strategies for long-term investing

Gründl¹,

Dong²,

Gal³

2016

OECD Journal: Financial Market Trends

View full text Add to dashboard Cite

The recent global financial crisis, combined with regulatory changes in financial industries, has altered the financial landscape in terms of how financing can be achieved and the potential role of institutional investors. The potential role that insurers, particularly life insurers and pension funds, can play as long-term institutional investors has become a central topic of discussion in various fora. How this role develops will, in the long run, affect how firms obtain financing for their investments and ultimately lead to growth of the real economy. This article provides an overview of the evolving investment strategies of insurers and identifies the opportunities and constraints they may face with respect to long-term investment activity. The report investigates the extent to which changes in macroeconomic conditions, market developments and insurance regulation may affect the role of insurers in long-term investment financing. It concludes that regulation should neither unduly favour nor hinder long-term investment as such, but place priority on incentivising prudent assetand-liability management with mechanisms that allow for a "true and fair view" of insurers' risk exposures. In risk-based solvency regulation, an asset's risk relative to liabilities is reflected in the capital requirements. JEL classification: G22, E22, F21, O16,

show abstract

“…In addition, Eling and Marek (2012) analyse the impact of both firm-specific and external factors on European insurer risk-taking based on a sample of 35 German and U.K.…”

Section: Risk-taking By Insurers' Investment Decisions -Factors For Cmentioning

confidence: 99%

The evolution of insurer portfolio investment strategies for long-term investing

Gründl¹,

Dong²,

Gal³

2016

OECD Journal: Financial Market Trends

View full text Add to dashboard Cite

show abstract

Insurer’s Risk-Taking Behavior in India: Does the Board matter?

Goyal,

Gulati

2024

International Journal of the Economics of Business

View full text Add to dashboard Cite

The impact of company-specific and external factors on corporate risk taking: The case of Egyptian insurance companies

Sherif¹,

Elsayed²

2013

COC

View full text Add to dashboard Cite

Using a two-way panel regression analysis with fixed and random effects and the generalized method of moment(GMM), we investigate the impact of both firm-specific and external factors on the risk taking of Egyptian insurance companies. We use hand-collected data of Egyptian insurance companies over the period from 2006 to 2011 to estimate the relationship between total and systematic risks as risk measures and the independent variables. Following Eling and Mark (2011) the extent of risk taking is quantified through variations in stock prices and these are explained by firm-specific and external factors. We find that differences in company size, interest rate level and economic development affect variations in stock prices. The analysis also highlights differences between the life and non-life insurers, with the non-life insurers exhibiting a higher level of risk (market and premium) and board independence. The pattern of results are qualitatively the same for non-life insurers but different for life insurers when we use GMM method.

show abstract

Internal and external drivers for risk taking in UK and German insurance markets

Cited by 3 publications

References 70 publications

The evolution of insurer portfolio investment strategies for long-term investing

The evolution of insurer portfolio investment strategies for long-term investing

Insurer’s Risk-Taking Behavior in India: Does the Board matter?

The impact of company-specific and external factors on corporate risk taking: The case of Egyptian insurance companies

Contact Info

Product

Resources

About