Nos derniers articles

A #regulatory #reform that imposes greater regulatory #capital #costs for #insurers to provide property coverage in catastrophe-prone areas results in price increases, though the magnitude of the increases is restrained due to #insurance pricing #regulation. The increase in price is commensurate to 12-30% of the increase in regulatory capital costs due to catastrophes, and the increase in price is larger for areas with higher hurricane risks, suggesting that consumers in risky areas bear the cost of #climatechange.

"Among investor categories, #insurers and households appear to be the most exposed to #climaterisks through the intermediary of #investmentfunds. However, insurers seem to be aware of this #risk and tend to invest in funds with low exposure to brown assets."

"#ifrs17 introduces the concept of a #riskadjustment that compensates #insurers for the #uncertainty about the amount and timing of the cash flows that arise from #nonfinancial#risks. The method for its calculation is not prescribed and several options are emerging, including #var and cost of #capital."

"In this article we analyze a sample of international #insurers between 2013 and 2022, and show that the purchase of #reinsurance is negatively related to their #sustainability, as measured by #esg scores. Furthermore, we illustrate that insurers' losses decrease with higher levels of reinsurance and sustainability. However, while reinsurance brings down insurers' profitability, sound ESG scores are related to lower expenses and increasing profitability. Our interpretation is that strong ESG profiles may serve as a cheaper alternative to reinsurance for #riskmitigation."

This study examines the use of #artificialintelligence (#ai) and #bigdata data analytics by #insurers in #belgium for segmentation purposes to determine #claims#probability for prospective policyholders. The implementation of AI and big data analytics can benefit insurers by increasing the accuracy of #riskassessment. However, pervasive segmentation can have negative implications and potentially harm policyholders if their risk is incorrectly calculated. Existing restrictions in #insurance#regulations fall short of protecting policyholders from inaccuracies in risk assessments, potentially resulting in incorrect #premiums or conditions.

"… almost 50 percent of insurers at risk of facing additional regulatory scrutiny due to failing four Insurance Regulatory Information System (IRIS) ratios received sufficient internal capital to avoid enhanced regulation. Moreover, the likelihood and extent of internal capital allocation are related to regulatory scrutiny risk and the amount of capital allocated is typically just enough to avoid regulatory scrutiny."

"Economic theory suggests that insurers should prioritize underwriting over investment as a source of income. We find that many U.S. non-life insurers conform to theory: they consistently earn high returns on underwriting and have relatively low-risk investment portfolios. A subset of insurers, however, do the opposite: they consistently earn low returns on underwriting and have relatively high-risk investment portfolios."

"Because of the specific nature of a life insurer's business model, the impact of the ESG level on the expected return of life insurers can substantially differ from the corresponding impact for classical investors."

"We study insurers' behavior under monopoly and Cournot duopoly when they can affect the probability or magnitude of harm from accidents."

"Contributing to the discussion on the interpretation and use of the right to data portability this paper looks specifically at the role for Article 20 of the General Data Protection Directive to help insurers gain access to personal data they would otherwise not have access to. As proposed in this paper there is potential for data portability to play a role in providing for access to vehicle data... "