The Experts below are selected from a list of 51165 Experts worldwide ranked by ideXlab platform

Motohiro Yogo - One of the best experts on this subject based on the ideXlab platform.

  • the evolution from life insurance to financial Engineering
    Geneva Risk and Insurance Review, 2021
    Co-Authors: Ralph S J Koijen, Motohiro Yogo
    Abstract:

    Since the mid-1980s, the share of household net worth intermediated by US financial institutions has shifted from defined benefit plans to life insurers and defined contribution plans. Life insurers have primarily grown through Variable annuities, which are mutual funds with longevity insurance, a potential tax advantage, and minimum return guarantees. The minimum return guarantees change the primary function of life insurers from traditional insurance to financial Engineering. Variable annuity insurers are exposed to interest and equity risk mismatch and their stock returns were especially low during the COVID-19 crisis. We consider regulatory changes, such as more detailed financial disclosure and standardized stress tests, to monitor potential risk mismatch and to ensure stability of the insurance sector.

  • the evolution from life insurance to financial Engineering
    Research Papers in Economics, 2021
    Co-Authors: Ralph S J Koijen, Motohiro Yogo
    Abstract:

    Since the mid-1980s, the share of household net worth intermediated by US financial institutions has shifted from defined benefit plans to life insurers and defined contribution plans. Life insurers have primarily grown through Variable annuities, which are mutual funds with longevity insurance, minimum return guarantees, and a potential tax advantage. Through the minimum return guarantees, the primary function of life insurers has changed from traditional insurance to financial Engineering. Variable annuity insurers are exposed to interest and equity risk mismatch and suffered especially low stock returns during the COVID-19 crisis. We suggest ways to improve upon the current regulation through more detailed financial disclosure and standardized stress tests.

  • the evolution from life insurance to financial Engineering
    National Bureau of Economic Research, 2021
    Co-Authors: Ralph S J Koijen, Motohiro Yogo
    Abstract:

    Since the mid-1980s, the share of household net worth intermediated by US financial institutions has shifted from defined benefit plans to life insurers and defined contribution plans. Life insurers have primarily grown through Variable annuities, which are mutual funds with longevity insurance, a potential tax advantage, and minimum return guarantees. The minimum return guarantees change the primary function of life insurers from traditional insurance to financial Engineering. Variable annuity insurers are exposed to interest and equity risk mismatch and suffered especially low stock returns during the COVID-19 crisis. We consider regulatory changes, such as more detailed financial disclosure and standardized stress tests, to monitor potential risk mismatch and to ensure stability of the insurance sector.

Ralph S J Koijen - One of the best experts on this subject based on the ideXlab platform.

  • the evolution from life insurance to financial Engineering
    Geneva Risk and Insurance Review, 2021
    Co-Authors: Ralph S J Koijen, Motohiro Yogo
    Abstract:

    Since the mid-1980s, the share of household net worth intermediated by US financial institutions has shifted from defined benefit plans to life insurers and defined contribution plans. Life insurers have primarily grown through Variable annuities, which are mutual funds with longevity insurance, a potential tax advantage, and minimum return guarantees. The minimum return guarantees change the primary function of life insurers from traditional insurance to financial Engineering. Variable annuity insurers are exposed to interest and equity risk mismatch and their stock returns were especially low during the COVID-19 crisis. We consider regulatory changes, such as more detailed financial disclosure and standardized stress tests, to monitor potential risk mismatch and to ensure stability of the insurance sector.

  • the evolution from life insurance to financial Engineering
    Research Papers in Economics, 2021
    Co-Authors: Ralph S J Koijen, Motohiro Yogo
    Abstract:

    Since the mid-1980s, the share of household net worth intermediated by US financial institutions has shifted from defined benefit plans to life insurers and defined contribution plans. Life insurers have primarily grown through Variable annuities, which are mutual funds with longevity insurance, minimum return guarantees, and a potential tax advantage. Through the minimum return guarantees, the primary function of life insurers has changed from traditional insurance to financial Engineering. Variable annuity insurers are exposed to interest and equity risk mismatch and suffered especially low stock returns during the COVID-19 crisis. We suggest ways to improve upon the current regulation through more detailed financial disclosure and standardized stress tests.

  • the evolution from life insurance to financial Engineering
    National Bureau of Economic Research, 2021
    Co-Authors: Ralph S J Koijen, Motohiro Yogo
    Abstract:

    Since the mid-1980s, the share of household net worth intermediated by US financial institutions has shifted from defined benefit plans to life insurers and defined contribution plans. Life insurers have primarily grown through Variable annuities, which are mutual funds with longevity insurance, a potential tax advantage, and minimum return guarantees. The minimum return guarantees change the primary function of life insurers from traditional insurance to financial Engineering. Variable annuity insurers are exposed to interest and equity risk mismatch and suffered especially low stock returns during the COVID-19 crisis. We consider regulatory changes, such as more detailed financial disclosure and standardized stress tests, to monitor potential risk mismatch and to ensure stability of the insurance sector.

Tomasz Zastawniak - One of the best experts on this subject based on the ideXlab platform.

Marek Capinski - One of the best experts on this subject based on the ideXlab platform.