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Investors and insurance policyholders are often confronted with complex products and providers' opaque organisational structures. At the same time, the possibility that their claims will not be honoured often poses an existential risk. Financial regulation therefore aims at putting in place a...
Persistent link: https://www.econbiz.de/10011434836
Kapitalanleger wie Versicherungsnehmer werden oft konfrontiert mit komplexen Produkten und nicht durchschaubaren Unternehmensstrukturen der Anbieter. Gleichzeitig stellt die mögliche Nichterfüllung ihrer Ansprüche häufig ein existenzielles Risiko dar. Deshalb ist es Ziel der...
Persistent link: https://www.econbiz.de/10011434841
Persistent link: https://www.econbiz.de/10001620547
Kapitalanleger wie Versicherungsnehmer werden oft konfrontiert mit komplexen Produkten und nicht durchschaubaren Unternehmensstrukturen der Anbieter. Gleichzeitig stellt die mögliche Nichterfüllung ihrer Ansprüche häufig ein existenzielles Risiko dar. Deshalb ist es Ziel der...
Persistent link: https://www.econbiz.de/10011435027
The European insurance industry is awaiting the new EU-wide harmonized Solvency II framework. Before its introduction, it is important to find out which incentive effects can arise from it. Practitioners predict a trend towards consolidation in the insurance sector due to recognition of...
Persistent link: https://www.econbiz.de/10010194391
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Historical evidence like the global financial crisis from 2007-09 highlights that sector concentration risk can play an important role for the solvency of insurers. However, current microprudential frameworks like the US RBC framework and Solvency II consider only name concentration risk...
Persistent link: https://www.econbiz.de/10012647831
Persistent link: https://www.econbiz.de/10012256529
Coming (great) events cast their (long) shadow before. As the financial crisis gave birth to the creation of the European System of Financial Supervision (ESFS), the imminent Brexit now serves as an impulse to rather extensively reorganize it. Pursuant to the preferences of the Commission—as...
Persistent link: https://www.econbiz.de/10011743280
Financial crisis an insurance, Ten consequences for Risk Management and Supervision, Conclusion regarding an IGF...
Persistent link: https://www.econbiz.de/10005871226