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Interne Risikosteuerungsmodelle unter Solvency II
Schmeiser, Hato - Institut für Versicherungswirtschaft <Sankt Gallen> - 2005
Die Mindesteigenkapitalausstattung von Banken und Versicherungen unterliegteiner weitreichenden gesetzlichen Regulierung.1 Als Begründung für Eingriffedes Staates in die unternehmerische Freiheit wird im Versicherungsbereich häufigauf eine spezielle Gläubigerstellung des Versicherungsnehmers...
Persistent link: https://www.econbiz.de/10005861565
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How Not to Regulate Insurance Markets : The Risks and Dangers of Solvency II
Persaud, Avinash - 2015
With more than $50 trillion in assets worldwide, investment funds run by the insurance industry and pension system are one of the most systemically important elements of the global financial system. In March 2014, following the global and euro area financial and economic crises, the European...
Persistent link: https://www.econbiz.de/10013017611
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The Impact of Solvency II on Insurance Market Competition - An Economic Assessment
Schuckmann, Stefan - Institut für Versicherungswirtschaft <Sankt Gallen> - 2007
, we elaborate the economic foundations of insurancemarket regulation. Based on three sources of market failure, we derive …, the economic justification for insurance market regulation needs to be evaluated in detail. …
Persistent link: https://www.econbiz.de/10005861472
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Enhanced Funds Seeking Higher Returns
Szikszai, Szabolcs; Badics, Tamas - Financialisation, Economy, Society & Sustainable …
In this report we discuss the factors driving the growth of the global financial sector that are considered by many authors (e.g. Toporowski,1999 and Orhangazi, 2008) to have precipitated the financial crisis of 2007-2008. Our analysis focuses on the behavior of the different types of financial...
Persistent link: https://www.econbiz.de/10010933414
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The Impact of Solvency II Regulations on Life Insurers' Investment Behaviour
Douglas, Graeme - 2017
This paper provides a means of estimating how ‘Solvency II' regulations — introduced in the European Union in January 2016 — might affect UK life insurers' incentives to hold different types of financial assets, and how these asset holdings are likely to vary in the face of hypothetical...
Persistent link: https://www.econbiz.de/10012952490
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Equity Solvency Capital Requirements : What Institutional Regulation Can Learn from Private Investor Regulation
Blitz, David - 2018
improve Solvency II regulation by aligning it with more sophisticated European regulation that is already in place for mutual …
Persistent link: https://www.econbiz.de/10012933061
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The effects of liberalization and deregulation on the performance of financial institutions : the case of the German life insurance market
Trigo Gamarra, Lucinda - 2008
contract terms regulation. These measures were meant for removing the obstacles to competition within and between the insurance …
Persistent link: https://www.econbiz.de/10003886293
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Intermediation and matching in insurance markets
Focht, Uwe; Richter, Andreas; Schiller, Jörg - 2009
This paper addresses the role of independent insurance intermediaries in markets where matching is important. A controversial matter in the discussion concerning insurance interme- diation is the issue of compensation customs and how the latter affect prices, rents and advice quality in...
Persistent link: https://www.econbiz.de/10010485386
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Intermediation and (Mis-)Matching in Insurance Markets – Who Should Pay the Insurance Broker?
Focht, Uwe - 2012
This article addresses the role of independent insurance intermediaries in markets where matching is important. We compare fee-based and commission-based compensation systems and show that they are payoff equivalent if the intermediary is completely honest. Allowing for strategic behavior, we...
Persistent link: https://www.econbiz.de/10013117058
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The Cost of Duplicative Regulation : Evidence from Risk Retention Groups
Leverty, J. Tyler - 2011
specialized firms, risk retention groups (RRGs), are largely exempt from most aspects of duplicative regulation no matter how many … liability insurance to determine the cost of duplicative regulation. The costs associated with multi-state regulation are … significantly higher than those for single-entity regulation. These high regulatory compliance costs reduce the technical efficiency …
Persistent link: https://www.econbiz.de/10013118003