Systemic Risk and the Insurance Sector: A Network Perspective
Stefania Sylos Labini,
Elisabetta D’Apolito,
Iryna Nyenno
Abstract:Unlike the banking sector, whose impact on systemic risk has been amply proven, it remains unclear whether the insurance business constitutes a source of systemic risk. The aim of this chapter is to contribute to the debate and attempt to answer this question by examining the role of insurance companies in the financial system, the existing interconnections between insurance operators, and the vulnerability factors, i.e. the elements that increase the exposure of institutions to systemic risks. In recent years… Show more
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