Findings from University of Sao Paulo Reveals New Findings on Business and Finance [Systemic Risk Assessment Using Complex Networks Approach: Evidence From the Brazilian (Re)Insurance Market]: Business and Finance

NewsRx Policy and Law Daily

2024 JAN 02 (NewsRx) -- By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily -- Data detailed on Business and Finance have been presented. According to news reporting originating from Sao Paulo, Brazil, by NewsRx correspondents, research stated, “In this paper, we assess the systemic risk of the Brazilian (re)insurance market using static and dynamic complex network approach, where the companies are connected to each other through co-insurance, reinsurance and retrocession transactions.”

Our news editors obtained a quote from the research from the University of Sao Paulo, “We found that some local reinsurers and non-life insurers act as bridges connecting the local and international markets. Furthermore, the Brazilian (re)insurance market is robust to extreme scenarios of insolvency, although there are points of vulnerability: a few local reinsurers and non-life insurers.”

According to the news editors, the research concluded: “Finally, this study contributes to the creation of a stress testing framework that relies solely on publicly available data.”

This research has been peer-reviewed.

For more information on this research see: Systemic Risk Assessment Using Complex Networks Approach: Evidence From the Brazilian (Re)Insurance Market. Research in International Business and Finance, 2024;67. Research in International Business and Finance can be contacted at: Elsevier, Radarweg 29, 1043 Nx Amsterdam, Netherlands. (Elsevier - www.elsevier.com; Research in International Business and Finance - http://www.journals.elsevier.com/research-in-international-business-and-finance/)

The news editors report that additional information may be obtained by contacting Joao Vinicius de Franca Carvalho, University of Sao Paulo Fea Usp, Sao Paulo, Brazil.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1016/j.ribaf.2023.102065. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.