Leader's Statement of the G20 Pittsburgh Summit, What's Systemic Risk, Framework for Mitigating Systemic Risk, Japanese Safety-net for Deposit-taking Financial Institutions...

How do ratings fit in?, Financial crisis Issues, Financial Crisis Impact

At the time of writing this article, the credit crisis that has had its origins in the subprime markets in the US is more than a year old and has spread to other countries and other asset classes as well as the wider economy with a vengeance. Already last year, when some banks and financial...

There are no indications whatsoever that insurers have contributed to the systemic issues that many banks are facing today. Insurers have not originated and repackaged subprime mortgages. They did not act as major investors in mortgage-based financial instruments...

The subprime crisis which hit the United States in summer 2007 and morphed into a full blow global financial upheaval in autumn 2008 has taken a heavy toll on the insurance industry. Some industry players with significant financial markets and banking operations were seriously damaged by the...

Despite isolated cases, the unprecedented crisis shows the progress of insurance industry in terms of risk management. These progresses have been fostered by development of internal models, rating agencies approaches and Solvency II discussions...