Variable Annuities and Systemic Risk
This chapter argues that variable annuities may cause systemic risk in the insurance sector. Life insurers, in particular in the US, have transformed their business by moving from largely diversifiable activities to taking on market risk. This exacerbated by the fact the variable annuities are typic...
Salvato in:
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| Natura: | Article ou chapitre numérique |
| Lingua: | Français |
| Pubblicazione: |
2020
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| Accesso online: | Accès Université d'Orléans et IFPM Accès Université d'Orléans et IFPM |