This study focused on identifying factors that significantly affect the potentially insolvent status of life insurers. The potentially insolvent status is indicated based on insurer’s Risk-based capital ratio (RBC ratio) reported in the National Association of Insurance Commissioners (NAIC)...

Traditional variable annuities build retirement income for annuitants through investments in stocks and bonds. These annuities are variable because their performance depends upon the performance of uncertain financial markets. The risk of poor performance lies solely upon annuitants, rather than...

In this study we compare the interplay between capital and asset risks before and during the 2007-2009 financial crisis for the US life and health insurance industries partitioned into segments by product specialization, size, and governance. The results show substantial intra-industry variation...