in the banking industry. Especially life insurance companies could serve as CoCo bond holders as they are already the … insurance and study the effects of various types of bonds such as non-convertible bonds, write-down bonds and CoCos on banks …

in the banking industry. Especially life insurance companies could serve as CoCo bond holders as they are already the … insurance and study the effects of various types of bonds such as non-convertible bonds, write-down bonds and CoCos on banks …

Low interest rates are becoming a threat to the stability of the life insurance industry, especially in countries such … of a stylized life insurance business portfolio in a multi-period setting. Based on empirically calibrated parameters, we …

the bank and insurance sector by changing the funding patterns of banks as well as the investment strategies of life … insurance companies. Especially for life insurance companies, the current low interest rate environment poses a key risk since … declining returns on investments jeopardize the guaranteed return on life insurance contracts, a core component of traditional …

European legislation for the prudential regulation of insurance and reinsurance sector has existed since the 1970s … represents a crucial modernization of European insurance regulation. Each of these regimes prescribes its own rules for the … valuation of assets, liabilities and available capital to cover regulatory solvency requirement. This paper is focused on …

transmission of this information will not cause any concern. Such a form of insurance is based on the principle of mutuality …. Research limitations/implications: Mutuality-based insurance is therefore a path based on solutions of the past (primary forms … of insurance), but at the same time is seen as a response to the lack of adaptation of insurance products to the actual …

Providing risk-sharing benefits to risk-averse policy holders is a primary function of insurance companies. We model … of insurance firms, this fee implies that a capital structure largely consisting of technical provisions is optimal (i ….e., value maximizing) for insurance firms, making the Modigliani-Miller logic inappropriate. However, to support the issuance of …

The use of captive reinsurance arrangements in life insurance has generated significant debate and led to recent … adoption of new regulatory requirements by the National Association of Insurance Commissioners (NAIC). This paper provides an …, previous regulation, rating agency monitoring, and monitoring by non-insurance creditors mitigate those risks. A.M. Best …