Insurance Industry and Financial Stability

Diversification of Business Activities and Financial Stability*

(former title: Business Activities of Insurance Companies and Financial Stability)

Fabian Regele, Christian Kubitza


Systemic Risk and Late Resolution of Economic Shocks

Christian Kubitza, Helmut Gründl


The Role of Asset Concentration Risk for Individual Stability and Systemic Risk

Fabian Regele, Helmut Gründl


Are There Enough Counterparties for Central Clearing to Be Beneficial?

Mila Getmansky (UMass), Christian Kubitza (ICIR), Loriana Pelizzon (SAFE, Goethe University)


Financial Literacy and Precautionary Insurance

Annette Hofmann ( St. John's University), Christian Kubitza (Goethe University, ICIR), Petra Steinorth (Universität Hamburg)


Comparative Study of African and European Insurance Regulations

Nana Adwoa Dekyem Amo-Mensah

(Life) Insurance and Risk Management

Interest Rate Risk, Longevity Risk and the Solvency of Life Insurers

Elia Berdin (Generali, ICIR Alumnus), Helmut Gründl


Rising Interest Rates, Lapse Risk, and the Stability of Life Insurers

Elia Berdin (Generali, ICIR Alumnus), Helmut Gründl, Christian Kubitza


The Influence of Market Risks on the Stock Return of Life Insurance Companies

Sebastian Schlütter (Hochschule Mainz, ICIR Alumnus), Mark J. Browne (St. John's University, New York), Helmut Gründl (Goethe University/ICIR)


Life Insurance in the Low-Interest-Rate Environment

Elia Berdin (Generali, ICIR Alumnus), Helmut Gründl


A Stochastic Forward-Looking Model to Assess the Profitability and Solvency of European Insurers

Elia Berdin (Goethe University, ICIR), Cosimo Pancaro (ECB), Christoffer Kok (ECB)


Determinants of Life Insurance Demand Among Selected European and African Insurance Markets

Nana Adwoa Dekyem Amo-Mensah, Irina Gemmo


Uninformed Firms and Consumer Welfare

Christian Kubitza


Opaque Market Insurance, Self-Insurance and Self-Protection

Annette Hofmann (St. John's University, New York), Christian Kubitza (ICIR), Petra Steinorth (Uni Hamburg)

Digitalization in the Insurance Industry

Transparency Aversion and Insurance Market Equilibria

Irina Gemmo (Goethe University, ICIR), Mark J. Browne (St. John's University, New York), Helmut Gründl (Goethe University, ICIR)


Do Policyholders Benefit from More Informed Insurers?

Christian Kubitza

Life Insurance in an Ageing Society

Life Insurance and Demographic Change: An Empirical Analysis of Surrender Decisions Based on Panel Data**

 Irina Gemmo, Martin Götz (SAFE, Goethe University)


Life Insurance Surrender Risk and Insurance Companies Asset Allocation***

Irina Gemmo, Martin Götz (SAFE, Goethe University), Helmut Gründl


The Modern Tontine: An Innovative Instrument for Longevity Risk Management in an Aging Society****

Jan-Hendrik Weinert, Gründl, Helmut


The Fair Surrender Value of a Tontine*****

Jan-Hendrik Weinert


Comparing the Cost of a Tontine with a Tontine Replicating Annuity

Jan-Hendrik Weinert


Lifecycle Portfolio Choice with Natural Tontines

Weinert, Jan-Hendrik


* part of SAFE research and partly funded by SAFE

**, *** both articles contribute to the subproject "Household Liquidity Risk Management and Insurance Comanies' Investment Behavior" as part of the SAFE Project "Liquidity and Longevity Risk Management of Households and Life Insurance Companies in an Ageing Society"


****,***** DVfVW supported research projects