2023 | No. 53
The Influence of Negative Interest Rates on Life Insurance Companies
Nicolaus Grochola
Working Paper Series
2023 | No. 52
Stage-Based Identification of Policy Effects
Christian Alemán, Christopher Busch, Alexander Ludwig, and Raul Santaeulàlia-Llopis
2023 | No. 51
Homeownership Rates, Housing Policies, and Co-Residence Decisions
Nils Grevenbrock, Alexander Ludwig & Nawid Siassi
published in: Macroeconomic Dynamics, 1-24. (2023)
2023 | No. 50
Discretionary Decisions in Capital Requirements under Solvency II
Nicolaus Grochola & Sebastian Schlütter
2023 | No. 49
Testing frequency and severity risk under various information regimes and implications in insurance
Kar Man Tan & Helmut Gründl
2023 | No. 48
2023 | No. 47
Enhancing Gradient Capital Allocation with Orthogonal Convexity Scenarios
Philipp Aigner & Sebastian Schlütter
2023 | No. 46
2022 | No. 45
Responsible investments in life insurers’ optimal portfolios under solvency constraints
Sebastian Schlütter, Emmanuel S. Fianu, Helmut Gründl
published in: Zeitschrift für die gesamte Versicherungswissenschaft, Vol. 112, Iss. 1, pp. 53–81 (2023).
2021 | No. 44
Matching and Sorting across Regions
Chiara Lacava
2021 | No. 43
Investor-Driven Corporate Finance: Evidence from Insurance Markets
Christian Kubitza
2021 | No. 42
Life Insurance Convexity
Christian Kubitza, Nicolaus Grochola, Helmut Gründl
2021 | No. 41
The Fiscal and Welfare Effects of Policy Responses to the Covid-19 School Closures
Nicola Fuchs-Schündeln, Dirk Krueger, Andre Kurmann, Etienne Lale, Alexander Ludwig, Irina Popova
2021 | No. 40
Asset Concentration Risk and Insurance Solvency Regulation
co-authored by Helmut Gründl and Fabian Regele, has been accepted for publication in: Journal of Insurance Regulation (2024).
2021 | No. 39
Exploring the market risk profiles of U.S. and European stock insurers
Nicolaus Grochola, Mark Browne, Helmut Gründl, Sebastian Schlütter
published in: Risk Management & Insurance Review, 1–55. https://doi.org/10.1111/rmir.12248
2021 | No. 38
Who Saves More, the Naive or the Sophisticated Agent
Alexander Ludwig, Max Groneck, Alexander Zimper
2021 | No. 37
The Long-Term Distributional and Welfare Effects of Covid-19 School Closures
Nicola Fuchs-Schündeln, Dirk Krueger, Alexander Ludwig, Irina Popova
published in: The Economic Journal, Vol. 12 No. 645, pp. 1647-1683 (2022)
2021 | No. 36
Higher-Order Income Risk Over the Business Cycle
Alexander Ludwig, Christopher Busch
2019 | No. 35
Optimal Lifecycle Portfolio Choice with Natural Tontines under Systematic Longevity Risk
Irina Gemmo, Ralph Rogalla, Jan-Hendrik Weinert
published in: Annals of Actuarial Science, Vol. 14 No. 2, pp. 302-315 (2020)
2019 | No. 34
Financial Literacy and Precautionary Insurance
Christian Kubitza
2019 | No. 33
Sensitivity-implied tail-correlation matrices
Joachim Paulusch, Sebastian Schlütter
published in: Journal of Banking & Finance, Vol. 134 (2022)
2018 | No. 32
Constrained Efficient Equilibria in Selection Markets With Continuous Types
Irina Gemmo, Christian Kubitza, Casey Rothschild
published in: Journal of Public Economics, Vol. 190 (2020)
2018 | No. 31
Loss Sharing in Central Clearinghouses: Winners and Losers
Christian Kubitza, Loriana Pelizzon, Mila Getmansky Sherman
Forthcoming in Review of Asset Pricing Studies
2017 | No. 30
Insurance Business Diversification and Systemic Risk
Fabian Regele
published in: Journal of Insurance Regulation, Vol. 41 (2022)
2017 | No. 29
Rising Interest Rates and Liquidity Risk in the Life Insurance Sector
Elia Berdin, Helmut Gründl, Christian Kubitza
2017 | No. 28
Scenario-based Measurement of Interest Rate Risks
Sebastian Schlütter
published in: Journal of Risk Finance, Vol. 22 No. 1, pp. 56-77 (2021)
2017 | No. 27
Corporate Governance of Insurance Firms after Sovency II
Michele Siri
published in: Marano, P., Siri, M. (eds) Insurance Regulation in the European Union. Palgrave Macmillan, Cham, pp. 129–177 (2017)
2017 | No. 26
The Fair Surrender Value of a Tontine
Jan-Hendrik Weinert
2017 | No. 25
Privacy Concerns in Insurance Markets: Implications for Market Equilibria and Social Welfare
Irina Gemmo, Mark Browne, Helmut Gründl
2016 | No. 24
Life Insurance and Demographic Change: An Empirical Analysis of Surrender Decisions Based on Panel Data
Irina Gemmo, Martin Goetz
2016 | No. 23
2016 | No. 22
The Modern Tontine: An Innovative Instrument for Longevity Risk Management in an Aging Society
Jan-Hendrik Weinert, Helmut Gründl
published in: European Acturial Journal, Vol. 11, pp. 49-86 (2021)
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 | No. 20
Tackling the Volatility Paradox: Persistence and Systemic Risk
Christian Kubitza
2015 | No. 19
Insurance Activities and Systemic Risk
Elia Berdin, Matteo Sottocornola