The Geneva Papers on Risk and Insurance Issues and Practice

TABLE 2

FROM:

Insurers are not Banks: Assessing Liquidity, Efficiency and Solvency Risk Under Alternative Approaches to Capital Adequacy

Paul Kupiec and David Nickerson

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Table 2. Risk market participation by international insurers and reinsurers

Figure and tables index
Firm Assets Derivatives Proportion (%)
Allianz380,4488,6802.28
Munich RE178,7722,9931.67
Swiss RE108,94726,67124.48
AON21,1326,50730.79
Marsh and McLennan13,0213872.97
Allied Zurich9,56310,399108.74

 Selected on- and off-balance sheet data for six of the 11 largest international insurance and reinsurance firm, ranked by asset size, reporting the notional stock of OTC derivatives contracts open at the end of 1999. Assets and notional OTC derivatives contracts outstanding are denominated in millions of U.S. dollars. Proportion (%) measures the ratio of the outstanding notional derivatives stock to asset size in percentage terms.

Figure and tables index
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