Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/193602
Authors: 
Alves, Ivan
Brinkhoff, Jeroen
Georgiev, Stanislav
Héam, Jean-Cyprien
Moldovan, Iulia
Di Scotto, Carlo Marco
Year of Publication: 
2015
Series/Report no.: 
ESRB Occasional Paper Series 7
Abstract: 
This paper contains an analysis of the network of the 29 largest European insurance groups and their financial counterparties. Insurance companies have direct exposures to other insurers, banks and other financial institutions through the holdings of debt, equity and other financial instruments. These exposures can cause direct contagion and thereby the spread of systemic risks. This analysis focuses on direct linkages between EU insurers and banks. Sectoral data show that at least 20% of insurers' assets are investments in banks. As a result insurers are an important source of funding for banks. This paper adds to the expanding research on financial market networks and on systemic risks in the insurance sector.
Subjects: 
network
insurance companies
systemic risk
contagion
JEL: 
L14
G18
Document Type: 
Research Report

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.