The contribution of insurers to systemic risk : a practical framework for regulators
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Date
Authors
Rusconi, Rob
Beyers, Frederik Johannes Conradie
Walters, Nadine
Journal Title
Journal ISSN
Volume Title
Publisher
Actuarial Society of South Africa
Abstract
While insurers are not typically the most significant contributors to systemic risk, their actions and
behaviour may materially contribute to such risk. This study considers the models that may be used
to detect systemic risk originating in the insurance market and proposes a framework for identifying
and classifying the sources of systemic risk attributable to insurers. It applies this framework to the
insurance market in South Africa, in the process providing practical recommendations for consideration
by all regulators.
Description
Keywords
Insurance, Systemic risk, Risk classification and modelling
Sustainable Development Goals
None
Citation
Rusconi, R., Beyers, F.J.C., Walters, N. et al. 2023, 'The contribution of insurers to systemic risk : a practical framework for regulators', South African Actuarial Journal, vol. 23, no.1, pp. 23-58, doi : 10.4314/saaj.v23i1.2.