Regulation and the connectedness of insurers to the banking sector: International evidence

Greg Niehaus, Jannes Rauch and Sabine Wende

Risk Management and Insurance Review, 2019, vol. 22, issue 4, 393-420

Abstract: Using variation across countries and time in the degree to which regulations restrict banks and insurers from engaging in the same activities, we find that property/liability insurers' connectedness to the banking sector declines when regulatory restrictions increase, but life insurers' connectedness to banks does not. The results suggest that the connectedness between life insurers and banks is largely due to these institutions sharing common underlying economic and financial risk factors that exist even when regulation restricts these institutions from engaging in each other's activities.

Date: 2019
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https://doi.org/10.1111/rmir.12135

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Persistent link: https://EconPapers.repec.org/RePEc:bla:rmgtin:v:22:y:2019:i:4:p:393-420

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