Seit einigen Jahren wird in Deutschland über Veränderungen in der Finanzierungund im Leistungskatalog des Krankenversicherungssystems intensiv diskutiert. Dabeiwerden häufig problematische Anreizstrukturen im Hinblick auf das Verhaltender Versicherten genannt. Insbesondere haben Versicherte...

The main determinants of the financial problems of the German statutory health and longtermcare systems are demographic aging, the medical-technical progress as well as thedisproportionate cost increase in long-term care services. Concerning these factors, onlyreform concepts on the expenditure...

ZUSAMMENFASSUNGDer Apothekenmarkt unterliegt in vielen europäischen Ländern nach wie vor einer starkenstaatlichen Regulierung. Sie besteht – je nach Land – in der Eigentümerregulierung, derRegulierung des Geschäftsbetriebes, der Öffnungszeiten, der Personalausstattung, derPreisbildung,...

Increasing costs of most healthcare systems result in (major) financing problemsand thus are the focus of many empirical inquiries. Researchers have found thatmismanagement is often a consequence of misplaced incentives. This paper tries tooutline some cases in which the demand side of...

The financial services industry has undergone significant regulatory change in thepast two decades due to Basel II (banking) and Solvency II (insurance). Even though these promulgations are focused on European institutions, their influenceextends around the globe. An important dimension of this...

Cummins et al. (1994) provide a conceptual framework for policymakers to use in analyzing risk-based capital systems. Based on their framework, this article provides an overview and critical analysis of risk-based capital requirements, with a focus on property/casualty insurance, as implemented...

This article provides an overview and comparison of risk-based capital (RBC) requirements as they currently exist in the United States, the European Union, Switzerland, and New Zealand. These four systems are representative of different ways capital standards are implemented around the globe....

In this paper, we first discuss the characteristics and major benefits of the Swissrisk-based capital standards for insurance companies (Swiss Solvency Test), introduced in 2006. As the insurance industry is one of the largest institutional investors in Switzerland, changes to its asset and...

The purpose of this article is a qualitative economic impact assessment of the SolvencyII proposals. In a first step, we elaborate the economic foundations of insurancemarket regulation. Based on three sources of market failure, we derive economicobjectives of regulatory intervention. In our...

In diesem Beitrag wird mit dem Swiss Solvency Test (SST) ein mögliches Referenzmodellfür die Ausgestaltung von Solvency II vorgestellt. Der SST wurde vomschweizerischen Bundesamt für Privatversicherungen entwickelt und zu Beginn desJahres 2006 für grosse Lebens- und Schadenversicherer...