Insurance companies and the financial crisis:
The current financial crisis may primarily be a banking crisis, and the solvency of the insurance sector as a whole does not appear to be threatened. Nonetheless, insurance companies have been affected, and in mostly adverse ways. For many insurers, direct exposure to the epicentre of the crisis, th...
Gespeichert in:
1. Verfasser: | |
---|---|
Format: | Elektronisch Artikel |
Sprache: | English |
Veröffentlicht: |
Paris
OECD Publishing
2010
|
Schlagworte: | |
Online-Zugang: | Volltext |
Zusammenfassung: | The current financial crisis may primarily be a banking crisis, and the solvency of the insurance sector as a whole does not appear to be threatened. Nonetheless, insurance companies have been affected, and in mostly adverse ways. For many insurers, direct exposure to the epicentre of the crisis, the US mortgage market, and to related securities appears to have been limited. But the financial crisis has nonetheless had an increasingly visible impact on the insurance industry, primarily through their investment portfolios, as the crisis spread and financial market valuations and the outlook for real activity deteriorated significantly. Also, a number of concentrated exposures to credit and market risks have been revealed, including in US mortgage and financial guarantee insurance companies, as well as in parts of certain other insurance-dominated financial groups. Thus, while insurers as a group may have cushioned rather than amplified the downward pressures during the financial crisis, some clearly have added to downward pressures. Financial instruments that were at the core of difficulties served an insurance function and, thus, it is not so surprising that some institutions from that sector have been affected by the crisis on one or the other side of their balance sheets. |
Beschreibung: | 1 Online-Ressource (29 p.) |
DOI: | 10.1787/fmt-2009-5ks5d4npxm36 |
Internformat
MARC
LEADER | 00000caa a22000002 4500 | ||
---|---|---|---|
001 | ZDB-13-SOC-061275131 | ||
003 | DE-627-1 | ||
005 | 20231204121032.0 | ||
007 | cr uuu---uuuuu | ||
008 | 210204s2010 xx |||||o 00| ||eng c | ||
024 | 7 | |a 10.1787/fmt-2009-5ks5d4npxm36 |2 doi | |
035 | |a (DE-627-1)061275131 | ||
035 | |a (DE-599)KEP061275131 | ||
035 | |a (FR-PaOEC)fmt-2009-5ks5d4npxm36 | ||
035 | |a (EBP)061275131 | ||
040 | |a DE-627 |b ger |c DE-627 |e rda | ||
041 | |a eng | ||
100 | 1 | |a Schich, Sebastian |e VerfasserIn |4 aut | |
245 | 1 | 0 | |a Insurance companies and the financial crisis |c Sebastian, Schich |
264 | 1 | |a Paris |b OECD Publishing |c 2010 | |
300 | |a 1 Online-Ressource (29 p.) | ||
336 | |a Text |b txt |2 rdacontent | ||
337 | |a Computermedien |b c |2 rdamedia | ||
338 | |a Online-Ressource |b cr |2 rdacarrier | ||
520 | |a The current financial crisis may primarily be a banking crisis, and the solvency of the insurance sector as a whole does not appear to be threatened. Nonetheless, insurance companies have been affected, and in mostly adverse ways. For many insurers, direct exposure to the epicentre of the crisis, the US mortgage market, and to related securities appears to have been limited. But the financial crisis has nonetheless had an increasingly visible impact on the insurance industry, primarily through their investment portfolios, as the crisis spread and financial market valuations and the outlook for real activity deteriorated significantly. Also, a number of concentrated exposures to credit and market risks have been revealed, including in US mortgage and financial guarantee insurance companies, as well as in parts of certain other insurance-dominated financial groups. Thus, while insurers as a group may have cushioned rather than amplified the downward pressures during the financial crisis, some clearly have added to downward pressures. Financial instruments that were at the core of difficulties served an insurance function and, thus, it is not so surprising that some institutions from that sector have been affected by the crisis on one or the other side of their balance sheets. | ||
650 | 4 | |a Finance and Investment | |
773 | 0 | 8 | |i Enthalten in |t OECD Journal: Financial Market Trends |g Vol. 2009, no. 2, p. 123-151 |
773 | 1 | 8 | |g volume:2009 |g year:2009 |g number:2 |g pages:123-151 |
856 | 4 | 0 | |l FWS01 |p ZDB-13-SOC |q FWS_PDA_SOC |u https://doi.org/10.1787/fmt-2009-5ks5d4npxm36 |3 Volltext |
912 | |a ZDB-13-SOC | ||
912 | |a ZDB-13-SOC-article | ||
912 | |a ZDB-13-SOC | ||
951 | |a AR | ||
912 | |a ZDB-13-SOC | ||
049 | |a DE-863 |
Datensatz im Suchindex
DE-BY-FWS_katkey | ZDB-13-SOC-061275131 |
---|---|
_version_ | 1816797353504407552 |
adam_text | |
any_adam_object | |
author | Schich, Sebastian |
author_facet | Schich, Sebastian |
author_role | aut |
author_sort | Schich, Sebastian |
author_variant | s s ss |
building | Verbundindex |
bvnumber | localFWS |
collection | ZDB-13-SOC ZDB-13-SOC-article |
ctrlnum | (DE-627-1)061275131 (DE-599)KEP061275131 (FR-PaOEC)fmt-2009-5ks5d4npxm36 (EBP)061275131 |
discipline | Wirtschaftswissenschaften |
doi_str_mv | 10.1787/fmt-2009-5ks5d4npxm36 |
format | Electronic Article |
fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02475caa a22003612 4500</leader><controlfield tag="001">ZDB-13-SOC-061275131</controlfield><controlfield tag="003">DE-627-1</controlfield><controlfield tag="005">20231204121032.0</controlfield><controlfield tag="007">cr uuu---uuuuu</controlfield><controlfield tag="008">210204s2010 xx |||||o 00| ||eng c</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1787/fmt-2009-5ks5d4npxm36</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627-1)061275131</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)KEP061275131</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(FR-PaOEC)fmt-2009-5ks5d4npxm36</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(EBP)061275131</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-627</subfield><subfield code="b">ger</subfield><subfield code="c">DE-627</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1=" " ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Schich, Sebastian</subfield><subfield code="e">VerfasserIn</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Insurance companies and the financial crisis</subfield><subfield code="c">Sebastian, Schich</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Paris</subfield><subfield code="b">OECD Publishing</subfield><subfield code="c">2010</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (29 p.)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">Text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">Computermedien</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">Online-Ressource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">The current financial crisis may primarily be a banking crisis, and the solvency of the insurance sector as a whole does not appear to be threatened. Nonetheless, insurance companies have been affected, and in mostly adverse ways. For many insurers, direct exposure to the epicentre of the crisis, the US mortgage market, and to related securities appears to have been limited. But the financial crisis has nonetheless had an increasingly visible impact on the insurance industry, primarily through their investment portfolios, as the crisis spread and financial market valuations and the outlook for real activity deteriorated significantly. Also, a number of concentrated exposures to credit and market risks have been revealed, including in US mortgage and financial guarantee insurance companies, as well as in parts of certain other insurance-dominated financial groups. Thus, while insurers as a group may have cushioned rather than amplified the downward pressures during the financial crisis, some clearly have added to downward pressures. Financial instruments that were at the core of difficulties served an insurance function and, thus, it is not so surprising that some institutions from that sector have been affected by the crisis on one or the other side of their balance sheets.</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Finance and Investment</subfield></datafield><datafield tag="773" ind1="0" ind2="8"><subfield code="i">Enthalten in</subfield><subfield code="t">OECD Journal: Financial Market Trends</subfield><subfield code="g">Vol. 2009, no. 2, p. 123-151</subfield></datafield><datafield tag="773" ind1="1" ind2="8"><subfield code="g">volume:2009</subfield><subfield code="g">year:2009</subfield><subfield code="g">number:2</subfield><subfield code="g">pages:123-151</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="l">FWS01</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="q">FWS_PDA_SOC</subfield><subfield code="u">https://doi.org/10.1787/fmt-2009-5ks5d4npxm36</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC-article</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="951" ind1=" " ind2=" "><subfield code="a">AR</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-863</subfield></datafield></record></collection> |
id | ZDB-13-SOC-061275131 |
illustrated | Not Illustrated |
indexdate | 2024-11-26T14:56:14Z |
institution | BVB |
language | English |
open_access_boolean | |
owner | DE-863 DE-BY-FWS |
owner_facet | DE-863 DE-BY-FWS |
physical | 1 Online-Ressource (29 p.) |
psigel | ZDB-13-SOC ZDB-13-SOC-article |
publishDate | 2010 |
publishDateSearch | 2010 |
publishDateSort | 2010 |
publisher | OECD Publishing |
record_format | marc |
spelling | Schich, Sebastian VerfasserIn aut Insurance companies and the financial crisis Sebastian, Schich Paris OECD Publishing 2010 1 Online-Ressource (29 p.) Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier The current financial crisis may primarily be a banking crisis, and the solvency of the insurance sector as a whole does not appear to be threatened. Nonetheless, insurance companies have been affected, and in mostly adverse ways. For many insurers, direct exposure to the epicentre of the crisis, the US mortgage market, and to related securities appears to have been limited. But the financial crisis has nonetheless had an increasingly visible impact on the insurance industry, primarily through their investment portfolios, as the crisis spread and financial market valuations and the outlook for real activity deteriorated significantly. Also, a number of concentrated exposures to credit and market risks have been revealed, including in US mortgage and financial guarantee insurance companies, as well as in parts of certain other insurance-dominated financial groups. Thus, while insurers as a group may have cushioned rather than amplified the downward pressures during the financial crisis, some clearly have added to downward pressures. Financial instruments that were at the core of difficulties served an insurance function and, thus, it is not so surprising that some institutions from that sector have been affected by the crisis on one or the other side of their balance sheets. Finance and Investment Enthalten in OECD Journal: Financial Market Trends Vol. 2009, no. 2, p. 123-151 volume:2009 year:2009 number:2 pages:123-151 FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/fmt-2009-5ks5d4npxm36 Volltext |
spellingShingle | Schich, Sebastian Insurance companies and the financial crisis Finance and Investment |
title | Insurance companies and the financial crisis |
title_auth | Insurance companies and the financial crisis |
title_exact_search | Insurance companies and the financial crisis |
title_full | Insurance companies and the financial crisis Sebastian, Schich |
title_fullStr | Insurance companies and the financial crisis Sebastian, Schich |
title_full_unstemmed | Insurance companies and the financial crisis Sebastian, Schich |
title_short | Insurance companies and the financial crisis |
title_sort | insurance companies and the financial crisis |
topic | Finance and Investment |
topic_facet | Finance and Investment |
url | https://doi.org/10.1787/fmt-2009-5ks5d4npxm36 |
work_keys_str_mv | AT schichsebastian insurancecompaniesandthefinancialcrisis |