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This morning, I would like to give a few practical commentson capital adequacy from an insurance companyperspective. In doing so, I will present two views on capitaladequacy and capital allocation in the insurance industry.The first view is the regulatory perspective, that is, themotivations...
Persistent link: https://www.econbiz.de/10005870084
A large literature studies bank regulatory policies intendedto control moral hazard problems associated with depositinsurance and optimal regulatory design. Much of theanalysis has focused on uniform bank capital requirements,risk-based capital requirements, risk-based or fairly pricedinsurance...
Persistent link: https://www.econbiz.de/10005870088
Traditional theories of the origins of the welfare state have emphasized the financial weakness of Britain’s largest provider of mutual insurance in the late 19th century, the friendly societies. These theories share common implications with contemporary theories of institutional change...
Persistent link: https://www.econbiz.de/10005870390
The paper examines the structural and organisational problems of social insurancesystems in Brazil and the Argentine in order to illuminate current debates about pension‘reform’. Much of the present discussion depicts social insurance ‘crisis’ as a modernphenomenon. Similarly,...
Persistent link: https://www.econbiz.de/10005870696
The government’s pensions Green Paper – A new contract for welfare:partnership in pensions – proposes fundamental changes to the UK’sretirement income system. Members of CASE and of the Department ofSocial Policy at LSE have looked at the likely implications of the reformsfor pensioner...
Persistent link: https://www.econbiz.de/10005871069
This report summarises presentations and discussion at a seminar, organised by LSE Housingand CASE, which took place at the London School of Economics on 7th July 1998. The eventwas chaired by Professor Howard Glennerster (LSE and Chairman of STICERD), and thespeakers were Professor William...
Persistent link: https://www.econbiz.de/10008845706
Few micro…nance-funded businesses grow beyond subsistence entrepreneur-ship. This paper considers one possible explanation: that the structure ofexisting micro…nance contracts may discourage risky but high-expected returninvestments. To explore this possibility, I develop a theory that uni…es...
Persistent link: https://www.econbiz.de/10008845708
In this paper we use insights from organizational economics and financialregulation to study the optimal architecture of supervision. We suggest that thenew architecture should revolve around the following principles: (i) banking,securities and insurance supervision should be further integrated;...
Persistent link: https://www.econbiz.de/10008860683
A key issue in political economy concerns the accountability structures put in place to select public officials. While the principle that legislators are to be elected is now a defining feature of modern democracies, there are some offices where a plurality of selection methods survive. A key...
Persistent link: https://www.econbiz.de/10009248813
In April 2002 Jobcentre Plus started to operate in the UK bringing together theservice of the Benefits Agency and the Employment Service. Offering a fullyintegrated benefit claiming and work placement/job-seeking service for peopleof working age this new organisation aims to strengthen the link...
Persistent link: https://www.econbiz.de/10009354022