The contribution of insurers to systemic risk : a practical framework for regulators

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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.