This paper uses high frequency market value data on credit default swap spreads and intra-day stock prices to measure systemic risk in the insurance sector. Using the systemic risk measure, we examine the inter-connectedness between banks and insurers with Granger causality tests. Based on...

1 On the Solvency of Insurers -- Foreword -- Problems and Definitions -- Risk Analysis, Straightforward and Statistical Analysis -- Public Solvency Control -- The Insurer’s Own Efforts -- Life Insurance -- 2 The Management of Solvency -- Definition -- Measurement -- Factors Affecting Solvency...