importance of insurance distribution in banks. Significant risk factors (statistically significant) which determine gross …The aim of the article is to identify the risk factors affecting bancassurance development in Poland. The development … is understood here as a change of gross written premiums obtained through banks in Poland. The group of risk factors …

Risk parity is an asset allocation strategy designed so each asset class contributes equally to overall portfolio risk … (as measured by volatility). While risk parity offers potential advantages, its success hinges on key assumptions and a … favorable environment for bonds. Like the traditional asset allocation approach it seeks to supplant, risk parity demands a long …

The use of bank-owned life insurance (BOLI) has more than tripled since 2001 and has caught the attention of the Office … suggest insurance may not always have the intended effect of reducing firm risk because of unintended consequences or misuse … of the Comptroller of the Currency. We find increases in BOLI lead to higher levels of liquidity risk, credit risk, and …

from underwriting insurance policies affects insurers' risk taking behavior in their portfolio investments. We find that …This study empirically examines, in the setting of insurance companies, the hypothesis that investors facing more … operating risk may behave as if they were more risk averse in investment decisions. Specifically, we study how operating risk …

analysing the relationship between the bank risk and risk-adjusted returns. I find evidence of a significant negative …This paper examines the validity of the risk-return trade-off for a sample of Czech banks over the period 2002-2022 by … association between the regulatory risk measure and risk-adjusted returns, indicating that the risk-return trade-off does not hold …

Identifying the relevant risk factors and their interdependence is central to understanding the risk exposures and … vulnerabilities of a financial institution. It is needed for risk management, solvency assessment and stress testing. We assemble a … unique dataset of risk factors relevant for insurers which are different than for banks, although they share exposure to …

, loss beta, in characterizing all too-big-to-fail banks using a capital insurance equilibrium. By constructing each bank …This paper develops and implements an equilibrium model of systemic risk. The model derives a systemic risk measure …

As stress testing becomes more and more widespread as a risk measurement tool of choice, new questions are formulated … overcomes these problems and results in much clearer risk signals to the portfolio managers …

We study the dependence between the downside risk of European banks and insurers. Since the downside risk of banks and … insurers differs, an interesting question from a supervisory point of view is the risk reduction that derives from … of the risk distribution. This measure is estimated and indicates better diversification benefits for conglomerates …