IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Systemic Importance of Insurance Companies¡ªAn Empirical Analysis

Listed author(s):
  • Anushri Bansal
Registered author(s):

    Insurance companies are increasingly being regulated under the assumption that, like banks, they pose systemic risk to the overall economy and especially the financial system. This analysis investigates this premise by comparing the systemic importance of insurance companies and the insurance industry with that of banks, brokers, real estate firms, and their respective industries. Empirical results suggest that intra-industry linkages exist among insurance firms, although they are comparatively weaker than those in banking and real estate. Moreover, systemic risks arising from the effects of distress in other economic sectors are lower for insurance companies¡ªalthough not negligible. Given its size, systemic problems arising over time from the insurance industry would have a very disruptive macroeconomic impact.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    File URL:
    Download Restriction: no

    Article provided by Macrothink Institute in its journal International Finance and Banking.

    Volume (Year): 3 (2016)
    Issue (Month): 1 (June)
    Pages: 44-76

    in new window

    Handle: RePEc:mth:ifb888:v:3:y:2016:i:1:p:44-76
    Contact details of provider: Web page:

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

    in new window

    1. Eling, Martin & Pankoke, David, 2012. "Systemic Risk in the Insurance Sector – What Do We Know?," Working Papers on Finance 1222, University of St. Gallen, School of Finance.
    2. World Bank, 2004. "The World Bank Annual Report 2004," World Bank Publications, The World Bank, number 13928.
    3. repec:idb:brikps:21318 is not listed on IDEAS
    4. repec:idb:brikps:21198 is not listed on IDEAS
    5. World Bank, 2004. "The World Bank Annual Report 2004," World Bank Publications, The World Bank, number 13927.
    Full references (including those not matched with items on IDEAS)

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:mth:ifb888:v:3:y:2016:i:1:p:44-76. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Technical Support Office)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.