Carbon policies are often limited to certain regions. Consequently, unadjusted regions offer companies a higher degree of flexibility. However, carbon leakage leads to a shift in production locations to regions without carbon policies. To prevent carbon leakage, carbon tariffs are imposed on...

This paper focuses on asset allocation decisions of life insurance companies in emerging markets. Mature market insurers allocate only a small fraction of their assets to emerging markets because of regulatory constraints, rating pressures, and currency risk. However, global insurers invest...

This paper discusses key findings of the Detailed Assessment of the Observance of the Insurance Core Principles for Denmark. Key recommendations arising from the assessment cover two main issues. First is the fact that the Danish Financial Supervisory Authority Finanstilsynet bases its system to...