Working Paper Series: ICIR

Year	No.	Title	Author	YearData	AuthorData
2019	\| No. 33	Making the Square-Root Formula Compatible with Capital Allocation	Joachim Paulusch, Sebastian Schlütter	2019	Paulusch, Joachim ; Schlütter, Sebastian
2018	\| No. 32	The Existence of the Miyazaki-Wilson-Spence Equilibrium with Continuous Type Distributions	Irina Gemmo, Christian Kubitza, Casey Rothschild	2018	Gemmo, Irina ; Kubitza, Christian ; Rothschild, Casey
2018	\| No. 31	The Pitfalls of Central Clearing in the Presence of Systematic Risk	Christian Kubitza, Loriana Pelizzon, Mila Getmansky Sherman	2018	Kubitza, Christian ; Pelizzon, Loriana ; Getmansky Sherman, Mila
2017	\| No. 30	Diversification of Business Activities and Systemic Risk	Christian Kubitza, Fabian Regele	2017	Kubitza, Christian ; Regele, Fabian
2017	\| No. 29	Rising Interest Rates and Liquidity Risk in the Life Insurance Sector	Elia Berdin, Helmut Gründl, Christian Kubitza	2017	Berdin, Elia ; Gründl, Helmut ; Kubitza, Christian
2017	\| No. 28	Scenario-Based Capital Requirements for the Interest Rate Risk of Insurance Companies	Sebastian Schlütter	2017	Schlütter, Sebastian
2017	\| No. 27	Corporate Governance of Insurance Firms after Sovency II	Michele Siri	2017	Siri, Michele
2017	\| No. 26	The Fair Surrender Value of a Tontine	Jan-Hendrik Weinert	2017	Weinert, Jan-Hendrik
2017	\| No. 25	Transparency Aversion and Insurance Market Equilibria	Irina Gemmo, Mark Browne, Helmut Gründl	2017	Gemmo, Irina ; Browne, Mark ; Gründl, Helmut
2016	\| No. 24	Life Insurance and Demographic Change: An Empirical Analysis of Surrender Decisions Based on Panel Data	Irina Gemmo, Martin Goetz	2016	Gemmo, Irina ; Goetz, Martin
2016	\| No. 23	Interest Rate Risk, Longevity Risk and the Solvency of Life Insurers	Elia Berdin	2016	Berdin, Elia
2016	\| No. 22	The Modern Tontine: An Innovative Instrument for Longevity Risk Management in an Aging Society	Jan-Hendrik Weinert, Helmut Gründl	2016	Weinert, Jan-Hendrik ; Gründl, Helmut
2016	\| No. 21	A Stochastic Forward-Looking Model to Assess the Profitability and Solvency of European Insurers	Elia Berdin, Cosimo Pancaro (ECB), Christoffer Kok (ECB)	2016	Berdin, Elia ; Pancaro (ECB), Cosimo ; Kok (ECB), Christoffer
2016	\| No. 20	Systemic Risk and Late Resolution of Economic Shocks	Christian Kubitza, Helmut Gründl	2016	Kubitza, Christian ; Gründl, Helmut
2015	\| No. 19	Insurance Activities and Systemic Risk	Elia Berdin, Matteo Sottocornola	2015	Berdin, Elia ; Sottocornola, Matteo
2014	\| No. 18	The Effects of Contingent Convertible (CoCo) Bonds on Insurers' Capital Requirements under Solvency II (Published in "The Geneva Papers", Vol. 40, 2015, 416-443.)	Tobias Niedrig, Helmut Gründl	2014	Niedrig, Tobias ; Gründl, Helmut
2014	\| No. 17	Market Reaction to Transparency: An Empirical Study on Life Insurance Demand in Europe	Ming Dong	2014	Dong, Ming
2014	\| No. 15	The Effects of a Low Interest Rate Environment on Life Insurers (Published in "The Geneva Papers", Vol. 40, 2015, 385-415.)	Elia Berdin, Helmut Gründl	2014	Berdin, Elia ; Gründl, Helmut
2014	\| No. 14	The Impact of Firm-Level Transparency on the Ex Ante Risk Decisions of Insurers: Evidence from an Empirical Study	Ming Dong	2014	Dong, Ming
2013	\| No. 13	Solvency II: A Driver for Mergers and Acquisitions? (Published in "The Geneva Papers on Risk and Insurance", Vol. 39, 2014, 417-439.)	Rayna Stoyanova, Helmut Gründl	2013	Stoyanova, Rayna ; Gründl, Helmut
2012	\| No. 12	Is the Risk-based Mechanism Always Better? The Risk-shifting Behavior of Insurers under Different Insurance Guarantee Schemes (Published in "Journal of Insurance Issues", Vol. 38, 2015, 72-95.)	Ming Dong, Helmut Gründl, Sebastian Schlütter	2012	Dong, Ming ; Gründl, Helmut ; Schlütter, Sebastian
2012	\| No. 11	Will Solvency II Market Risk Requirements Bite? The Impact of Solvency II on Insurers' Asset Allocation	Dirk Höring	2012	Höring, Dirk
2012	\| No. 10	Safety versus Affordability as Targets of Insurance Regulation: A Welfare Approach (Published in "Journal of Insurance Regulation", Vol. 34, 2015)	Rayna Stoyanova, Sebastian Schlütter	2012	Stoyanova, Rayna ; Schlütter, Sebastian
2012	\| No. 9	Optimal Investment Strategies for Insurance Companies in the Presence of Standardised Capital Requirements (Published in "The Geneva Risk and Insurance Review", Vol. 40, 2015, 15-40.)	Katharina Fischer, Sebastian Schlütter	2012	Fischer, Katharina ; Schlütter, Sebastian
2011	\| No. 8	Who Benefits from Building Insurance Groups? A Welfare Analysis based on Optimal Group Risk Management (Published in: The Geneva Papers on Risk and Insurance – Issues and Practice, Vol. 37, 2012, 571-593.)	Sebastian Schlütter, Helmut Gründl	2011	Schlütter, Sebastian ; Gründl, Helmut
2011	\| No. 7	Optimal Taxation in Non-life Insurance Markets (Published in: The Geneva Risk and Insurance Review, Vol. 44, 2019, 1-26.)	Sebastian Schlütter	2011	Schlütter, Sebastian
2011	\| No. 6	An Incentive-Compatible Experiment on Probabilistic Insurance and Implications for an insurer's solvency level (Published in: The Journal of Risk and Insurance)	Anja Zimmer, Helmut Gründl, Christian D. Schade, Franca Glenzer	2011	Zimmer, Anja ; Gründl, Helmut ; Schade, Christian D. ; Glenzer, Franca
2011	\| No. 5	Impediment of Communication in Financial Institutions: Implications for the Risk Management Organization (Published in: The Geneva Risk and Insurance Review, Vol. 41, 2016, 193-224.)	Dirk Höring, Helmut Gründl, Sebastian Schlütter	2011	Höring, Dirk ; Gründl, Helmut ; Schlütter, Sebastian
2011	\| No. 4	Life Care Annuities - Trick or Treat for Insurance Companies?	Tian Zhou-Richter, Helmut Gründl	2011	Zhou-Richter, Tian ; Gründl, Helmut
2011	\| No. 3	Capital Requirements or Pricing Constraints? An Economic Analysis of Measures for Insurance Regulation (Published in "The Journal of Risk Finance", Vol. 15, 2014, 533-554.)	Sebastian Schlütter	2011	Schlütter, Sebastian
2011	\| No. 2	Investigating Risk Disclosure Practices in the European Insurance Industry (Published in "The Geneva Papers on Risk and Insurance", Vol. 36, 2011, 380-413.)	Dirk Höring, Helmut Gründl	2011	Höring, Dirk ; Gründl, Helmut
2011	\| No. 1	Stochastic Mortality, Macroeconomic Risks, and Life Insurer Solvency (Published in "The Geneva Papers on Risk and Insurance", Vol. 36, 2011, 458-475.)	Katja Hanewald, Thomas Post, Helmut Gründl	2011	Hanewald, Katja ; Post, Thomas ; Gründl, Helmut

Working Paper Series

Making the Square-Root Formula Compatible with Capital Allocation

The Existence of the Miyazaki-Wilson-Spence Equilibrium with Continuous Type Distributions

The Pitfalls of Central Clearing in the Presence of Systematic Risk

Diversification of Business Activities and Systemic Risk

Rising Interest Rates and Liquidity Risk in the Life Insurance Sector

Scenario-Based Capital Requirements for the Interest Rate Risk of Insurance Companies

Corporate Governance of Insurance Firms after Sovency II

The Fair Surrender Value of a Tontine

Transparency Aversion and Insurance Market Equilibria

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

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

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

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

Systemic Risk and Late Resolution of Economic Shocks

Insurance Activities and Systemic Risk

The Effects of Contingent Convertible (CoCo) Bonds on Insurers' Capital Requirements under Solvency II (Published in "The Geneva Papers", Vol. 40, 2015, 416-443.)

Market Reaction to Transparency: An Empirical Study on Life Insurance Demand in Europe

The Effects of a Low Interest Rate Environment on Life Insurers (Published in "The Geneva Papers", Vol. 40, 2015, 385-415.)

The Impact of Firm-Level Transparency on the Ex Ante Risk Decisions of Insurers: Evidence from an Empirical Study

Solvency II: A Driver for Mergers and Acquisitions? (Published in "The Geneva Papers on Risk and Insurance", Vol. 39, 2014, 417-439.)

Is the Risk-based Mechanism Always Better? The Risk-shifting Behavior of Insurers under Different Insurance Guarantee Schemes (Published in "Journal of Insurance Issues", Vol. 38, 2015, 72-95.)

Will Solvency II Market Risk Requirements Bite? The Impact of Solvency II on Insurers' Asset Allocation

Safety versus Affordability as Targets of Insurance Regulation: A Welfare Approach (Published in "Journal of Insurance Regulation", Vol. 34, 2015)

Optimal Investment Strategies for Insurance Companies in the Presence of Standardised Capital Requirements (Published in "The Geneva Risk and Insurance Review", Vol. 40, 2015, 15-40.)

Who Benefits from Building Insurance Groups? A Welfare Analysis based on Optimal Group Risk Management (Published in: The Geneva Papers on Risk and Insurance – Issues and Practice, Vol. 37, 2012, 571-593.)

Optimal Taxation in Non-life Insurance Markets (Published in: The Geneva Risk and Insurance Review, Vol. 44, 2019, 1-26.)

An Incentive-Compatible Experiment on Probabilistic Insurance and Implications for an insurer's solvency level (Published in: The Journal of Risk and Insurance)

Impediment of Communication in Financial Institutions: Implications for the Risk Management Organization (Published in: The Geneva Risk and Insurance Review, Vol. 41, 2016, 193-224.)

Life Care Annuities - Trick or Treat for Insurance Companies?

Capital Requirements or Pricing Constraints? An Economic Analysis of Measures for Insurance Regulation (Published in "The Journal of Risk Finance", Vol. 15, 2014, 533-554.)

Investigating Risk Disclosure Practices in the European Insurance Industry (Published in "The Geneva Papers on Risk and Insurance", Vol. 36, 2011, 380-413.)

Stochastic Mortality, Macroeconomic Risks, and Life Insurer Solvency (Published in "The Geneva Papers on Risk and Insurance", Vol. 36, 2011, 458-475.)