Reports Summarize Risk Management Findings from Cracow University of Economics (Linkages and Systemic Risk In the European Insurance Sector. New Evidence Based On Minimum Spanning Trees): Risk Management

2021 DEC 27 (NewsRx) -- By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily -- New research on Risk Management is the subject of a report. According to news originating from Krakow, Poland, by NewsRx correspondents, research stated, “This paper is part of the research on the interlinkages between insurers and their contribution to systemic risk on the insurance market. Our work constitutes an answer to the recommendations contained in the 2017 report of the European Insurance and Occupational Pensions Authority (EIOPA), an independent EU advisory body to the European Parliament, the Council of Europe and the European Commission, which shows that when analysing systemic risk in the insurance sector, one should take into account, among others, the dynamics of interconnectedness between institutions.”

Financial support for this research came from Ministry of Science and Higher Education of the Republic of Poland, a research program “Regional Initiative of Excellence” Programme for 2019-2022.

Our news journalists obtained a quote from the research from the Cracow University of Economics, “The present article is another study of the authors in this subject. Its main purpose is to present the results of the analysis of linkage dynamics and systemic risk in the European insurance sector using hybrid models combining statistical-econometric tools with network modelling and predictive analysis tools. These networks are based on dynamic dependence structures modelled using a copula. Then, we determine the Minimum Spanning Trees.”

According to the news editors, the research concluded: “Finally, the linkage dynamics is described by means of the time series of selected topological network indicators.”

This research has been peer-reviewed.

For more information on this research see: Linkages and Systemic Risk In the European Insurance Sector. New Evidence Based On Minimum Spanning Trees. Risk Management, 2021. Risk Management can be contacted at: Palgrave Macmillan Ltd, Brunel Rd Bldg, Houndmills, Basingstoke RG21 6XS, Hants, England.

The news correspondents report that additional information may be obtained from Anna Denkowska, Cracow University of Economics, Dept. of Mathematics, Rakowicka 27, Pl-31510 Krakow, Poland.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1057/s41283-021-00087-2. 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.

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