Resilience of insurance companies worldwide: moderating effects of regulatory quality and competition KU Leuven
For a long time, the stability of the insurance industry has been considered a given. Over the past decades however, the complexity of the insurer business model has been steeply increasing. The distinction between the banking and insurance sector is for example becoming less clear-cut, which in turn increases insurers’ susceptibility to systemic failures. Moreover, the steady stream of new, foreign competitors is putting more and more ...