Several of the risks currently faced by corporations are shaped by legal rules. Liability rules, for instance, determine the cases in which firms will incur economic losses, either because thay are obliged to compensate for the harm suffered by others, or because they are inflicted monetary...

Despite the importance of insurance in enabling individual and collective social, economic, and financial activities, discussions about the macro-economic role and risks of insurance markets are surprisingly limited. The core motivation for publishing this book is to bring together academics,...

Part I: Fundamentals of insurance business The origins and role of insurance in society -- The notion of risk and probability -- The insurance undertaking -- Regulation of the insurance industry -- Supervision and other Authorities -- The insurance business -- The insurance contract -- Life...

This textbook presents the fundamental economic dimensions of insurance companies and links them to managerial issues. Combining academic rigour and a strongly practice-oriented approach, it addresses both the competitive environment and the management of the insurance business. Further, it...

New Supervisory Architecture, European System of Financial Supervision, European Sytsematic Risk Bord, European Supervisory Authorities.