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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 kwi 2019 · Overall, results reveal a strong and significant link between national culture and insurance firms' risk-taking that holds even after controlling for a variety of firm and country-specific attributes, alternative measures of risk, sample specifications and tests designed to alleviate endogeneity.
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.
The first part discusses the macroeconomic role of insurance and how insurance differs from banking and general finance. Understanding the differences between the balance sheets of insurers and other financial intermediaries is essential in thinking about optimal regulatory frameworks.
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.
18 lip 2011 · This volume starts with three articles dealing with the topics of insurance and regulation, with papers on lessons from the credit crisis with respect to risk management and regulation, insurers’ financial and asset risks during the crisis, and risk disclosures in the European insurance industry.
