arbiter
JournalsPricingAccount

Systemic risk in the insurance sector: A semi‐parametric approach based on Spearman's rho

Leonardo Iania et al.

Risk Management and Insurance Review2026https://doi.org/10.1111/rmir.70030article
ABDC C
Weight
0.50

What the paper says

Abstract We propose a new method to measure systemic risk in the global insurance sector by analyzing interconnectedness among firms under different market conditions. Using a semi‐parametric approach that relies on the Spearman correlation and copula‐based partial dependence, we assess relationships in relatively stable, extremely bullish, and extremely bearish markets. Our approach provides a more flexible and robust framework than traditional methods that rely on linear correlation and the multivariate normal distribution. We show that geographic proximity and shared stock exchanges drive interconnectedness, while the Russo–Ukrainian war had a notable impact on the sector's network under relatively stable market conditions.

Open paper page →

Cite this paper

https://doi.org/https://doi.org/10.1111/rmir.70030

Or copy a formatted citation

@article{leonardo2026,
  title        = {{Systemic risk in the insurance sector: A semi‐parametric approach based on Spearman's rho}},
  author       = {Leonardo Iania et al.},
  journal      = {Risk Management and Insurance Review},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.1111/rmir.70030},
}

Paste directly into BibTeX, Zotero, or your reference manager.

Flag this paper

Systemic risk in the insurance sector: A semi‐parametric approach based on Spearman's rho

Flags are reviewed by the Arbiter methodology team within 5 business days.

Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.