The Economics of Insurance Regulation
Author | : Nancy Sommers |
Publisher | : Springer |
Total Pages | : 299 |
Release | : 1986-09-29 |
Genre | : Business & Economics |
ISBN | : 1349183970 |
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Author | : Nancy Sommers |
Publisher | : Springer |
Total Pages | : 299 |
Release | : 1986-09-29 |
Genre | : Business & Economics |
ISBN | : 1349183970 |
Author | : Daniel Schwarcz |
Publisher | : Edward Elgar Publishing |
Total Pages | : 549 |
Release | : 2015-08-28 |
Genre | : Law |
ISBN | : 1782547142 |
The fields of insurance law and insurance economics have long and distinguished scholarly histories, but participants in the two disciplines have not always communicated well across academic silos. This Handbook encourages more policy-relevant insurance e
Author | : Jorg Finsinger |
Publisher | : |
Total Pages | : 0 |
Release | : 1986 |
Genre | : Insurance |
ISBN | : 9780785541806 |
Author | : Felix Hufeld |
Publisher | : Oxford University Press |
Total Pages | : 247 |
Release | : 2016-10-28 |
Genre | : Business & Economics |
ISBN | : 0191093173 |
Despite the importance of insurance in enabling individual and collective social, economic, and financial activities, discussions about the macroeconomic role and risks of insurance markets are surprisingly limited. This book brings together academics, regulators, and industry experts to provide a multifaceted array of research and perspectives on insurance, its role and functioning, and the potential systemic risk it could create. The first part discusses the macroeconomic role of insurance and how insurance is different from banking and general finance. Understanding the differences between the balance sheets of insurers and other financial intermediaries is essential for understanding the potential differences in risk nature and optimal regulation. The second part of the book focuses on the risks managed by the insurance sector and the potential for systemic risk. The chapters discuss the risks both on the asset and liability sides of insurers' balance sheets. The third part of the book covers the impact of regulation on insurance companies. Existing regulation is often complex and has a large impact on insurance companies' decision-making and functioning. The chapters also illustrate the unintended consequences of various forms of regulation. The book concludes with a summary of a survey that has been conducted in collaboration with McKinsey, where insurance executives have been asked about the risks and regulation in the insurance sector. The survey provides guidance for future research on insurance markets.
Author | : Jorg Finsinger |
Publisher | : |
Total Pages | : 300 |
Release | : 1986 |
Genre | : |
ISBN | : |
Author | : Felix Hufeld |
Publisher | : Oxford University Press |
Total Pages | : 247 |
Release | : 2017 |
Genre | : Business & Economics |
ISBN | : 0198788819 |
The book brings together academics, regulators, and industry experts to provide a multifaceted array of research and perspectives on insurance, its role and functioning, and the potential systemic risk it could create.
Author | : Guillaume Plantin |
Publisher | : Princeton University Press |
Total Pages | : 111 |
Release | : 2016-06-28 |
Genre | : Business & Economics |
ISBN | : 0691170983 |
In the 1990s, large insurance companies failed in virtually every major market, prompting a fierce and ongoing debate about how to better protect policyholders. Drawing lessons from the failures of four insurance companies, When Insurers Go Bust dramatically advances this debate by arguing that the current approach to insurance regulation should be replaced with mechanisms that replicate the governance of non-financial firms. Rather than immediately addressing the minutiae of supervision, Guillaume Plantin and Jean-Charles Rochet first identify a fundamental economic rationale for supervising the solvency of insurance companies: policyholders are the "bankers" of insurance companies. But because policyholders are too dispersed to effectively monitor insurers, it might be efficient to delegate monitoring to an institution--a prudential authority. Applying recent developments in corporate finance theory and the economic theory of organizations, the authors describe in practical terms how such authorities could be created and given the incentives to behave exactly like bankers behave toward borrowers, as "tough" claimholders.
Author | : Kenneth J. Meier |
Publisher | : SUNY Press |
Total Pages | : 252 |
Release | : 1988-01-01 |
Genre | : Political Science |
ISBN | : 9780887067310 |
This is the first comprehensive study of the history, politics, and economics of the insurance industry in the United States. It is designed as a theoretical challenge to the conventional wisdom in political economy which says that regulation benefits the regulated. In fact, Meier shows that because the insurance industry is far too divided to impose its will on the regulatory system, the political economy of regulation is actually the product of a complex interaction of industry interests, consumer groups, insurance regulations, and political elites. Using both historical and quantitative approaches, the author examines a variety of insurance issues including the development of insurance regulation; the impact of regulation on the availability and price of insurance; the stringency of state regulation; and the product liability insurance crisis of 1985-86. The book concludes with a series of recommendations for reforming the regulation of insurance.
Author | : Francesco Parisi |
Publisher | : Oxford University Press |
Total Pages | : 593 |
Release | : 2017 |
Genre | : Business & Economics |
ISBN | : 0199684200 |
The Oxford Handbook of Law and Economics applies the theoretical and empirical methods of economics to the study of law. Volume 2 surveys Private and Commercial Law.
Author | : Mary A. Weiss |
Publisher | : |
Total Pages | : 46 |
Release | : 1991 |
Genre | : Insurance |
ISBN | : |