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10 lis 2016 · In this chapter we have seen how insurance companies assume risks from their customers and how they manage that risk. They use sophisticated techniques to analyse, measure, and manage individual risks, such as specific insurance, financial, and operational risks.
This Chapter examines the regulatory regime for insurance. It begins with an overview of the peculiar nature of insurance and the rationales for its regulation, along with a history of insurance market integration in the EU.
1 sty 2023 · Regulation and Risk Culture in the Insurance Industry. January 2023. SSRN Electronic Journal. DOI: 10.2139/ssrn.4520452. Authors: Aparna Gupta. Abena Fosua Owusu. To read the...
10 wrz 2024 · The first paragraphs offer the overview of the evolution of the insurance legislation, as the current structure of legislation in the insurance industry is the outcome of a long process of European harmonising started with the Treaty of Rome in 1957.
10 lis 2016 · Abstract. The macroeconomic role of insurance is typically measured by insurance premiums in GDP and persons employed in the sector. This chapter argues that the true macroeconomic role of insurance is better assessed through the insurance contribution to economic growth, stabilization, and distribution. The chapter provides a framework to ...
5 paź 2011 · The approach to overseeing the financial condition and risk of insurance companies should be foremost in any discussion of regulatory policies. One can contrast two basic approaches to insurance solvency regulation: (1) a “prescriptive” or “rules-based” system; and (2) a “principles-based” system.
It provides tips and empirical contributions addressing the role of sound internal control and risk management models within an ongoing revision of prudential regulation to better deal with the evolving scenario where insurance activities are becoming increasingly risky and complex.
