A multilayer approach for systemic risk in the insurance sector

Gian Paolo Clemente, Alessandra Cornaro*

*Autore corrispondente per questo lavoro

Risultato della ricerca: Contributo in rivistaArticolo in rivistapeer review


In this paper, we provide a methodology suitable to identify relevant insurance companies in a systemic risk framework. To this end, we propose a complex network approach where insurers are linked to form a global interconnected system. In particular, we extend the current literature proposing an approach based on a directed weighted multilayer network. The reciprocal influence between insurers is indeed considered in each period and in subsequent periods, calibrating arc weights on the basis of specific risk measures. Hub and authority scores are then used to assess the prominence of a company in spreading and receiving risk from the others.
Lingua originaleEnglish
pagine (da-a)1-11
Numero di pagine11
RivistaChaos, Solitons and Fractals
Stato di pubblicazionePubblicato - 2022


  • Hubs and authority
  • Insurance market
  • Market-based risk measures
  • Multilayer network
  • Systemic risk


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