Global financial regulators are currently reflecting on the nature of the insurance business. Specifically, they are … trying to classify insurance into "traditional" and "non-traditional" activities, and to distinguish them from "non-insurance … international finance is "what is insurance and where does insurance end?" This paper aims to elaborate on the economics of …

This paper provides a rationale for the macro-prudential regulation of insurance companies, where capital requirements … optimal regulation may be implemented by capital regulation (similar to that observed in practice, e.g., Solvency II ) and by … actuarially fair technical reserve. However, these instruments are not sufficient when insurance companies are exposed to systemic …

submitted its report in 2013 and four of its members recorded dissenting notes. This paper examines the changes in regulation in … the Indian banking, capital markets, pensions and insurance sub-sectors and past episodes of egregious wrongdoing. The …

macroprudential insurance regulation. …

challenges are addressed, capital regulation can be a powerful tool for enhancing the role of banks in the economy. …

premature to conclude that 'Too Big to Fail" has been solved, but macro-prudential regulation is now much more effective and …

This paper investigates systemic risk in the insurance industry. We first analyze the systemic contribution of the … insurance industry vis-à-vis other industries by applying 3 measures, namely the linear Granger causality test, conditional … Europe over the last 14 years. We then analyze the determinants of the systemic risk contribution within the insurance …

This paper investigates systemic risk in the insurance industry. We first analyze the systemic contribution of the … insurance industry vis-a-vis other industries by applying 3 measures, namely the linear Granger causality test, conditional … Europe over the last 14 years. We then analyze the determinants of the systemic risk contribution within the insurance …

review by compiling findings and setting up profound arguments, why the regulation of insurance companies is relevant. The …In 2018, the Insurance Distribution Directive (IDD) was fully implemented by all EU member states. It intends to … harmonize the insurance market, provide the right incentives for the agents and protect the consumers. But why? The core …

This paper aims at providing a conceptual distinction between banking and insurance with regard to systemic regulation … system. The paper also draws attention to three salient features in insurance that need to be taken account in systemic … regulation: the quasi-absence of leverage, the fundamentally different role of capital and the ‘built-in bail-in' of a …