IDEAS home Printed from https://ideas.repec.org/h/spr/prbchp/978-3-030-01784-2_15.html
   My bibliography  Save this book chapter

International Insurance Industry and Systemic Risk

In: Emerging Trends in Banking and Finance

Author

Listed:
  • Necla Tunay

    (Marmara University)

  • K. Batu Tunay

    (Yildiz Technical University)

  • Nesrin Özataç

    (Eastern Mediterranean University)

Abstract

After the global crises, it is observed that not only the banking sector but also the insurance industry has systemic risk sources. Moreover, there are studies that found that insurance companies are even more risky compared to other financial intermediaries. In regard to this, life and non-life insurance companies and banks’ systemic risk causalities are analysed. Systematic risk measurements and conditional capital inadequacy were used. Dumitrescu-Hurlin panel causality tests were used to analyse the weekly global data for the years between 2005 and 2015. The main aim of the study is to find out if there is a relation between the systemic risk of life and non-life insurance and commercial banks. However, the results of the past studies indicate that the transfer of bank systemic risk has a strong role. The results of the study reveal that especially in regard to conditional risk based value where the systemic risks of life and non-life insurance companies and banks have strong causalities. It can be concluded that insurance companies’ systemic risk has a potential to be spreaded regarding to the geographical area.

Suggested Citation

  • Necla Tunay & K. Batu Tunay & Nesrin Özataç, 2018. "International Insurance Industry and Systemic Risk," Springer Proceedings in Business and Economics, in: Nesrin Ozatac & Korhan K. Gökmenoglu (ed.), Emerging Trends in Banking and Finance, pages 241-249, Springer.
    • Handle: RePEc:spr:prbchp:978-3-030-01784-2_15
    DOI: 10.1007/978-3-030-01784-2_15
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:prbchp:978-3-030-01784-2_15. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.