Stoyanova, Rayna; Schlütter, Sebastian - 2012
Insurance regulation is typically aimed at policyholder protection. In particular, regulators attempt to ensure the … financial "safety" of insurance firms, for example, by means of capital regulation, and to enhance the "affordability" of …-risk-sensitive insurance demand, capital-related frictional costs, and imperfect risk transparency for policyholders. -- Insurance Regulation …