WebMore recently, terrorism insurance has also called for government intervention (subsidies to insurers, incentives for the insured). 9 A significant indicator of insurability is non-life insurance penetration in a country, as measured by gross non-life insurance premiums paid as a percentage of GDP, which is the measure we use in this paper. Webfind interconnectedness between the returns of hedge funds, brokers, banks, and insurance companies. Chan-Lau (2010) proposes the CoRisk measure which captures the extent to which the risk of one institution changes in response to changes in the risk of another institution while controlling for common risk factors.
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