Helmut Gründl

Goethe University Frankfurt - Department of Finance

Professor for Insurance and Regulation

Theodor-W.-Adorno-Platz 3

Frankfurt am Main, Hessen 60323

Germany

http://https://www.wiwi.uni-frankfurt.de/en/departments/finance/home.html

International Center for Insurance Regulation

Managing Director

House of Finance

Campus Westend, Goethe University

Frankfurt am Main, D-60323

Germany

http://www.icir.de

SCHOLARLY PAPERS

27

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31

Scholarly Papers (27)

Implications of IFRS for the European Insurance Industry - Insights from Capital Market Theory

Number of pages: 29 Posted: 05 Jun 2006
Maastricht University - School of Business and Economics - Department of Finance, Goethe University Frankfurt - Department of Finance, Humboldt University of Berlin - School of Business and Economics and University of North Carolina (UNC) at Charlotte
Downloads 1,093 (18,079)

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IFRS, insurance, information efficiency, cost of capital, IFRS 4, fair value

Implications of IFRS for the European Insurance Industry - Insights from Capital Market Theory

Risk Management and Insurance Review, Vol. 10, No. 2, pp. 247-265, September 2007
Posted: 19 Jan 2018
Maastricht University - School of Business and Economics - Department of Finance, Goethe University Frankfurt - Department of Finance, Humboldt University of Berlin - School of Business and Economics and University of North Carolina (UNC) at Charlotte

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IFRS, Insurance, Information Efficiency, Cost of Capital, IFRS 4, Fair Value

The Effects of a Low Interest Rate Environment on Life Insurers

International Center for Insurance Regulation Working Paper Series No. 15/14
Number of pages: 56 Posted: 21 May 2014 Last Revised: 09 Jun 2015
Elia Berdin and Helmut Gründl
Generali & International Center for Insurance Regulation and Goethe University Frankfurt - Department of Finance
Downloads 476 (56,876)

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Life Insurers; Minimum Return Guarantees; Low Interest Rates; Risk Assessment; Solvency II

The Effects of a Low Interest Rate Environment on Life Insurers

SAFE Working Paper No. 65
Number of pages: 60 Posted: 01 Nov 2014 Last Revised: 24 Feb 2018
Elia Berdin and Helmut Gründl
Generali & International Center for Insurance Regulation and Goethe University Frankfurt - Department of Finance
Downloads 267 (111,380)

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Life Insurers, Minimum Return Guarantees, Low Interest Rates, Risk Assessment, Solvency II

The Effects of a Low Interest Rate Environment on Life Insurers

Geneva Papers on Risk and Insurance, Vol. 40, No. 3, pp. 385-415, July 2015
Posted: 19 Jan 2018
Elia Berdin and Helmut Gründl
Generali & International Center for Insurance Regulation and Goethe University Frankfurt - Department of Finance

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Life Insurers, Minimum Return Guarantees, Low Interest Rates, Risk Assessment, Solvency II

The Effects of Contingent Convertible (CoCo) Bonds on Insurers' Capital Requirements Under Solvency II

SAFE Working Paper No. 98
Number of pages: 37 Posted: 12 Apr 2015
Tobias Niedrig and Helmut Gründl
Goethe University Frankfurt, Chair for Insurance and Regulation and Goethe University Frankfurt - Department of Finance
Downloads 485 (55,493)

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Contingent Convertible Capital, CoCo Bond, Basel III, Solvency II, Life Insurance, Interconnectedness

The Effects of Contingent Convertible (Coco) Bonds on Insurers' Capital Requirements Under Solvency II

Geneva Papers on Risk and Insurance, Vol. 40, No. 3, pp. 416-443, July 2015
Posted: 10 Jan 2018
Tobias Niedrig and Helmut Gründl
Goethe University Frankfurt, Chair for Insurance and Regulation and Goethe University Frankfurt - Department of Finance

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Contingent Convertible (CoCo) Bond; Basel III; Solvency II; Life Insurance; Interconnectedness

4.

Don’t They Care? Or, Are They Just Unaware? Risk Perception and the Demand for Long-Term Care Insurance

Journal of Risk and Insurance, Vol. 77, No. 4, pp. 715-747, December 2010
Number of pages: 38 Posted: 01 May 2009 Last Revised: 08 Jan 2018
Tian Zhou-Richter, Mark J. Browne and Helmut Gründl
Munich Re, St. John's University - Peter J. Tobin College of Business and Goethe University Frankfurt - Department of Finance
Downloads 393 (72,457)
Citation 2

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long-term care insurance, insurance demand, risk perception, risk underestimation, adult children

Stochastic Mortality, Macroeconomic Risks, and Life Insurer Solvency

The Geneva Papers on Risk and Insurance - Issues and Practice, Vol. 36, No. 3, pp. 458-475, 2011
Number of pages: 29 Posted: 14 Feb 2009 Last Revised: 11 Jan 2012
Katja Hanewald, Thomas Post and Helmut Gründl
University of New South Wales - ARC Centre of Excellence in Population Ageing Research (CEPAR), Maastricht University - School of Business and Economics - Department of Finance and Goethe University Frankfurt - Department of Finance
Downloads 338 (85,740)
Citation 3

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Life insurance, asset-liability management, stochastic mortality, Lee-Carter model, business cycle

Stochastic Mortality, Macroeconomic Risks, and Life Insurer Solvency

Netspar Discussion Paper No. 05/2010-020
Number of pages: 29 Posted: 04 Aug 2010
Katja Hanewald, Thomas Post and Helmut Gründl
University of New South Wales - ARC Centre of Excellence in Population Ageing Research (CEPAR), Maastricht University - School of Business and Economics - Department of Finance and Goethe University Frankfurt - Department of Finance
Downloads 51 (382,514)
Citation 3

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Life insurance, asset-liability management, stochastic mortality, Lee-Carter model, business cycle

Pricing Double-Trigger Reinsurance Contracts: Financial Versus Actuarial Approach

Number of pages: 34 Posted: 25 Mar 2002
Hato Schmeiser and Helmut Gründl
University of Muenster - Faculty of Economics and Goethe University Frankfurt - Department of Finance
Downloads 326 (89,309)
Citation 7

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Pricing Double-Trigger Reinsurance Contracts: Financial Versus Actuarial Approach

The Journal of Risk & Insurance, Vol. 69, pp. 449-468, 2002
Number of pages: 20 Posted: 15 Feb 2003
Helmut Gründl and Hato Schmeiser
Goethe University Frankfurt - Department of Finance and University of Muenster - Faculty of Economics
Downloads 30 (468,463)
Citation 7
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7.

Transparency through Financial Claims with 'Fingerprints': A Mechanism for Preventing Financial Crises

Financial Analysts Journal, Vol. 65, No. 5, 2009
Number of pages: 14 Posted: 13 Mar 2009 Last Revised: 12 Oct 2009
Helmut Gründl and Thomas Post
Goethe University Frankfurt - Department of Finance and Maastricht University - School of Business and Economics - Department of Finance
Downloads 303 (97,401)
Citation 1

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Financial Crisis, Securitization, Mortgage-Backed Securities, Transparency, Opaqueness

8.

The Impact of Investment Behavior for Individual Welfare

Number of pages: 47 Posted: 07 May 2008 Last Revised: 15 Sep 2012
Thomas Post, Helmut Gründl, Joan T. Schmit and Anja Zimmer
Maastricht University - School of Business and Economics - Department of Finance, Goethe University Frankfurt - Department of Finance, University of Wisconsin - Madison - Department of Actuarial Science, Risk Management and Insurance and Humboldt University of Berlin - School of Business and Economics
Downloads 292 (101,341)

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Asset Allocation, Investment Behavior, Welfare Costs, Life-Cycle Models

To Hedge or Not to Hedge: Managing Demographic Risk in Life Insurance Companies

Humboldt University Berlin: Department of Business and Economics: Discussion Papers in Business
Number of pages: 31 Posted: 26 May 2009
Thomas Post, Helmut Gründl and Roman Schulze
Maastricht University - School of Business and Economics - Department of Finance, Goethe University Frankfurt - Department of Finance and Humboldt University of Berlin
Downloads 181 (162,546)
Citation 7

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demographic risk, hedging, life insurance, risk management, shareholder value

To Hedge or Not to Hedge: Managing Demographic Risk in Life Insurance Companies

Journal of Risk and Insurance, Vol. 73, No. 1, pp. 19-41, March 2006
Number of pages: 23 Posted: 08 May 2006
Thomas Post, Helmut Gründl and Roman Schulze
Maastricht University - School of Business and Economics - Department of Finance, Goethe University Frankfurt - Department of Finance and Humboldt University of Berlin
Downloads 18 (539,598)
Citation 7
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10.

Rising Interest Rates and Liquidity Risk in the Life Insurance Sector

ICIR Working Paper Series No. 29/17
Number of pages: 71 Posted: 31 Jul 2017 Last Revised: 03 Mar 2019
Christian Kubitza, Elia Berdin and Helmut Gründl
University of Bonn - Institute for Financial Economics and Statistics, Generali & International Center for Insurance Regulation and Goethe University Frankfurt - Department of Finance
Downloads 179 (164,133)

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Insurance companies, Liquidity risk, Systemic risk, Monetary policy transmission, Financial stability, Mark-to-market accounting

11.

Life Care Annuities - Trick or Treat for Insurance Companies?

Number of pages: 41 Posted: 03 Jun 2011 Last Revised: 09 Jun 2011
Tian Zhou-Richter and Helmut Gründl
Munich Re and Goethe University Frankfurt - Department of Finance
Downloads 170 (171,853)

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long-term care insurance, annuities, adverse selection, risk management

12.

Systemic Risk and Late Resolution of Economic Shocks

ICIR Working Paper 20/2016
Number of pages: 99 Posted: 25 Oct 2016 Last Revised: 20 Sep 2018
Christian Kubitza and Helmut Gründl
University of Bonn - Institute for Financial Economics and Statistics and Goethe University Frankfurt - Department of Finance
Downloads 128 (217,044)

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Information Diffusion, Information Uncertainty, Systemic Risk, Financial Crises

13.

The Modern Tontine: An Innovative Instrument for Longevity Risk Management in an Aging Society

ICIR Working Paper Series No. 22/2016
Number of pages: 39 Posted: 18 Dec 2017
Jan-Hendrik Weinert and Helmut Gründl
Goethe University Frankfurt - Faculty of Economics and Business Administration and Goethe University Frankfurt - Department of Finance
Downloads 110 (242,686)

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Life Insurance, Tontines, Annuities, Asset Allocation, Retirement Welfare, Aging Society

An Incentive-Compatible Experiment on Probabilistic Insurance and Implications for an Insurer's Solvency Level

ICIR Working Paper Series No. 06/11
Number of pages: 47 Posted: 26 Oct 2011 Last Revised: 07 Jan 2018
Humboldt University of Berlin - School of Business and Economics, Goethe University Frankfurt - Department of Finance, Humboldt-Universitaet zu Berlin and Goethe University Frankfurt
Downloads 82 (296,667)
Citation 1

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Behavioral Insurance, Probabilistic Insurance, Risk Management of Insurance Companies

An Incentive‐Compatible Experiment on Probabilistic Insurance and Implications for an Insurer's Solvency Level

Journal of Risk and Insurance, Vol. 85, Issue 1, pp. 245-273, 2018
Number of pages: 29 Posted: 20 Feb 2018
Humboldt University of Berlin - School of Business and Economics, Goethe University Frankfurt - Department of Finance, Humboldt-Universitaet zu Berlin and Goethe University Frankfurt
Downloads 1 (664,671)
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An Incentive-Compatible Experiment on Probabilistic Insurance and Implications for an Insurer's Solvency Level

Journal of Risk and Insurance, Forthcoming
Posted: 11 Jan 2018
Humboldt University of Berlin - School of Business and Economics, Goethe University Frankfurt - Department of Finance, Humboldt-Universitaet zu Berlin and Goethe University Frankfurt

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Behavioral Insurance, Probabilistic Insurance, Risk Management of Insurance Companies

15.

'And Lead Us Not into Temptation': Presentation Formats and the Choice of Risky Alternatives

Number of pages: 30 Posted: 19 Jun 2014
Franca Glenzer, Helmut Gründl and Christian Wilde
Goethe University Frankfurt, Goethe University Frankfurt - Department of Finance and Goethe University Frankfurt - Department of Finance
Downloads 77 (305,131)

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Behavioral finance, decision under risk, framing effects

16.

Who Benefits from Building Insurance Groups? A Welfare Analysis Based on Optimal Group Risk Management

Number of pages: 24 Posted: 24 Oct 2011 Last Revised: 18 Dec 2017
Sebastian Schluetter and Helmut Gründl
Goethe University Frankfurt - International Center for Insurance Regulation and Goethe University Frankfurt - Department of Finance
Downloads 55 (363,725)

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Insurance groups, insurer default risk, insurance pricing, consumer protection

17.

Cheap Talk and Decision Making in Financial Institutions: Implications for the Risk Management Organization

International Center for Insurance Regulation Working Paper Series No. 05/11
Number of pages: 39 Posted: 21 May 2014
Dirk Höring and Helmut Gründl
Humboldt University of Berlin and Goethe University Frankfurt - Department of Finance
Downloads 46 (392,994)

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Risk Management, Organization, Private Information, Coordination

Is the Risk-Based Mechanism Always Better? The Risk-Shifting Behavior of Insurers Under Different Insurance Guarantee Schemes

International Center for Insurance Regulation Working Paper Series No. 12/12
Number of pages: 28 Posted: 21 May 2014 Last Revised: 18 Dec 2017
Ming Dong, Helmut Gründl and Sebastian Schluetter
Goethe University Frankfurt, Goethe University Frankfurt - Department of Finance and Goethe University Frankfurt - International Center for Insurance Regulation
Downloads 27 (484,520)

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Insurance guarantee schemes, risk-taking, consumer protection

Is the Risk-Based Mechanism Always Better? The Risk-Shifting Behavior of Insurers Under Different Insurance Guarantee Schemes

Journal of Insurance Issues, Vol. 38, No. 1, pp. 72-95, Spring 2015
Posted: 19 Jan 2018
Ming Dong, Helmut Gründl and Sebastian Schluetter
Goethe University Frankfurt, Goethe University Frankfurt - Department of Finance and Goethe University Frankfurt - International Center for Insurance Regulation

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Insurance Guarantee Schemes, Risk-Taking, Consumer Protection

19.

Capital Allocation for Insurance Companies - What Good is it?

Journal of Risk & Insurance, Vol. 74, No. 2, pp. 301-317, June 2007
Number of pages: 17 Posted: 24 May 2007
Helmut Gründl and Hato Schmeiser
Goethe University Frankfurt - Department of Finance and University of Muenster - Faculty of Economics
Downloads 24 (487,310)
Citation 7
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20.

Don't They Care? Or, are They Just Unaware? Risk Perception and the Demand for Long-Term Care Insurance

Journal of Risk and Insurance, Vol. 77, No. 4, pp. 715-747, December 2010
Number of pages: 33 Posted: 16 Nov 2010
Tian Zhou-Richter, Mark J. Browne and Helmut Gründl
Munich Re, St. John's University - Peter J. Tobin College of Business and Goethe University Frankfurt - Department of Finance
Downloads 3 (611,686)
Citation 3
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21.

Implications of IFRS for the European Insurance Industry—Insights from Capital Market Theory

Risk Management and Insurance Review, Vol. 10, Issue 2, pp. 247-265, 2007
Number of pages: 20 Posted: 09 Apr 2012
Maastricht University - School of Business and Economics - Department of Finance, Goethe University Frankfurt - Department of Finance, Humboldt University of Berlin - School of Business and Economics and University of North Carolina (UNC) at Charlotte
Downloads 1 (633,036)
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22.

The Evolution of Insurer Portfolio Investment Strategies for Long-Term Investing

OECD Journal: Financial Market Trends, 2016
Posted: 21 Dec 2017
Helmut Gründl and Ming Dong
Goethe University Frankfurt - Department of Finance and Goethe University Frankfurt

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Insurance, Long-term investment, Asset-liability management, Risk-based capital

23.

Solvency II: A Driver for Mergers and Acquisitions?

Geneva Risk and Insurance Review, Vol. 39, No. 3, 2014
Posted: 18 Dec 2017
Rayna Stoyanova and Helmut Gründl
Independent and Goethe University Frankfurt - Department of Finance

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Insurance Regulation, Solvency II, Mergers and Acqusitions, Capital Efficiency, Geographic Diversification

24.

Impediment of Communication in Financial Institutions: Implications for the Risk Management Organization

Geneva Risk and Insurance Review, Vol. 41, No. 2, 2016
Posted: 18 Dec 2017
Dirk Höring, Helmut Gründl and Sebastian Schluetter
Humboldt University of Berlin, Goethe University Frankfurt - Department of Finance and Goethe University Frankfurt - International Center for Insurance Regulation

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Risk Management, Organization Structure, Financial Institutions

25.

The Impact of Investment Behaviour for Individual Welfare

Economica, Vol. 81, Issue 321, pp. 15-47, 2014
Number of pages: 33 Posted: 04 Dec 2013
Thomas Post, Helmut Gründl, Joan T. Schmit and Anja Zimmer
Maastricht University - School of Business and Economics - Department of Finance, Goethe University Frankfurt - Department of Finance, University of Wisconsin - Madison - Department of Actuarial Science, Risk Management and Insurance and German Insurance Association
Downloads 0 (650,420)
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26.

Investigating Risk Disclosure Practices in the European Insurance Industry

The Geneva Papers, Vol. 36, No. 3, 380-413, July 2011
Posted: 08 Apr 2011 Last Revised: 17 Jan 2018
Dirk Höring and Helmut Gründl
Humboldt University of Berlin and Goethe University Frankfurt - Department of Finance

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Risk disclosure, insurance, Solvency II, content analysis, positive accounting theory

27.

Portfolio Management and Retirement: What is the Best Arrangement for a Family?

Financial Markets and Portfolio Management, Vol. 20, No. 1, pp. 265-285, 2006
Posted: 17 Sep 2006
Thomas Post, Helmut Gründl and Hato Schmeiser
Maastricht University - School of Business and Economics - Department of Finance, Goethe University Frankfurt - Department of Finance and University of Muenster - Faculty of Economics

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Self-annuitization, Life-cycle asset allocation, Savings behavior, Retirement decisions