Insurance and Interconnectedness in the Financial Services Industry

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FIGURE 1 Financial Stability Oversight Council Framework PANEL A ANALYTIC FRAMEWORK FOR DETERMINATION Influence on the broader economy Vulnerability to financial distress • Size • Interconnectedness • Subsytutability PANEL B THREE-‐STAGE PROCESS FOR IDENTIFYING NON-‐BANK COMPANIES Stage 1 • Quanytayve thresholds • Size and one of: • Interconnectedness • Leverage • Liquidity risk • Maturity mismatch • Leverage • Liquidity risk • Maturity mismatch Stage 2 • Risk profile • Analyyc framework determinayon factors Stage 3 • Noyfy companies • Collect addiyonal informayon • Resolvability • Opaqueness • Complexity • Regulatory scruyny 28
FIGURE 2 Proportion of insurance assets by type of insurer, 2011 22.2% Source: SNL Financial, Inc. 0.5% 2.5% 74.8% Health insurers Life insurers Property & casualty insurers Financial guarantee insurers 29
Page 1 and 2: Insurance and Interconnectedness in
Page 3 and 4: Insurance and Interconnectedness in
Page 5 and 6: elationships with banks and expansi
Page 7 and 8: Life insurers **************** Inse
Page 9 and 10: Financial guarantee insurers Financ
Page 11 and 12: • Within the insurance industry,
Page 13 and 14: ! !
Page 15 and 16: are considered significant (Tabachn
Page 17 and 18: We graph the first two principal co
Page 19 and 20: directionality is reversed in the c
Page 21 and 22: REFERENCES Acharya, Viral V., Lasse
Page 23 and 24: TABLE 1 Principal Components Analys
Page 25 and 26: Table 2, Panel B, continued Eigenve
Page 27 and 28: TABLE 3, CONTINUED PANEL E PROPERTY
Page 29: TABLE 4, CONTINUED PANEL E PROPERTY
Page 33 and 34: FIGURE 4 Principal components analy
Page 35: FIGURE 6 Variation explained by pri

Insurance and Interconnectedness in the Financial Services Industry

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