This paper addresses the issue of systemic risk in insurance and investigates how financial markets evaluate the introduction of a new regulation addressed to global systemically important insurers (G-SIIs). We analysed the stock price reactions and the evolution of the distance-to-default of a...

Using a representative sample of an entire country's population and a measure of insurance knowledge developed and validated by an insurance supervisor, this study tests the determinants of individuals’ insurance knowledge and the impact of this knowledge on the holding of insurance products...

Using a representative sample of an entire country's population and a measure of insurance literacy developed and validated by an insurance supervisor, this study tests the impact of insurance literacy on the holding of insurance products. We show that insurance literacy influences insurance...