Global Systematically Important Insurers (G-SIIs)
Rynek ubezpieczeń. Współczesne problemy (Insurance market. Contemporary challenges), Difin 2013
Posted: 9 Nov 2013
Date Written: August 1, 2013
Abstract
The issue of global systemically important financial institutions (G-SIFIs) is relatively new in the literature. In the case of systemically important insurance (G-SIIs) identification methodology was prepared and announced recently. The objective is to prove that the proposal for the insurance sector better captures the essence of the problem G-SIFIs than the proposal prepared and implemented for the banking sector (G-SIBs), while at the same time indicate that the insurance sector generates less systemic risk. The papers consist of - apart from the introduction and summary - two essential parts. In the first of them we examine the issue of G-SIFIs in the light of the links between banking and insurance sectors, and the other we analyze the methodology of identification of G-SIIs presented by the International Association of Insurance Supervisors (IAIS).
Keywords: insurance, systemic risk, G-SIIs
JEL Classification: G22, G15
Suggested Citation: Suggested Citation