The Economics, Regulation, and Systemic Risk of Insurance Markets

Business & Finance, Industries & Professions, Insurance, Nonfiction, Reference & Language, Law
Cover of the book The Economics, Regulation, and Systemic Risk of Insurance Markets by , OUP Oxford
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: ISBN: 9780191093180
Publisher: OUP Oxford Publication: October 27, 2016
Imprint: OUP Oxford Language: English
Author:
ISBN: 9780191093180
Publisher: OUP Oxford
Publication: October 27, 2016
Imprint: OUP Oxford
Language: English

Despite the importance of insurance in enabling individual and collective social, economic, and financial activities, discussions about the macroeconomic role and risks of insurance markets are surprisingly limited. This book brings together academics, regulators, and industry experts to provide a multifaceted array of research and perspectives on insurance, its role and functioning, and the potential systemic risk it could create. The first part discusses the macroeconomic role of insurance and how insurance is different from banking and general finance. Understanding the differences between the balance sheets of insurers and other financial intermediaries is essential for understanding the potential differences in risk nature and optimal regulation. The second part of the book focuses on the risks managed by the insurance sector and the potential for systemic risk. The chapters discuss the risks both on the asset and liability sides of insurers' balance sheets. The third part of the book covers the impact of regulation on insurance companies. Existing regulation is often complex and has a large impact on insurance companies' decision-making and functioning. The chapters also illustrate the unintended consequences of various forms of regulation. The book concludes with a summary of a survey that has been conducted in collaboration with McKinsey, where insurance executives have been asked about the risks and regulation in the insurance sector. The survey provides guidance for future research on insurance markets.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Despite the importance of insurance in enabling individual and collective social, economic, and financial activities, discussions about the macroeconomic role and risks of insurance markets are surprisingly limited. This book brings together academics, regulators, and industry experts to provide a multifaceted array of research and perspectives on insurance, its role and functioning, and the potential systemic risk it could create. The first part discusses the macroeconomic role of insurance and how insurance is different from banking and general finance. Understanding the differences between the balance sheets of insurers and other financial intermediaries is essential for understanding the potential differences in risk nature and optimal regulation. The second part of the book focuses on the risks managed by the insurance sector and the potential for systemic risk. The chapters discuss the risks both on the asset and liability sides of insurers' balance sheets. The third part of the book covers the impact of regulation on insurance companies. Existing regulation is often complex and has a large impact on insurance companies' decision-making and functioning. The chapters also illustrate the unintended consequences of various forms of regulation. The book concludes with a summary of a survey that has been conducted in collaboration with McKinsey, where insurance executives have been asked about the risks and regulation in the insurance sector. The survey provides guidance for future research on insurance markets.

More books from OUP Oxford

Cover of the book Liberalism, Neutrality, and the Gendered Division of Labor by
Cover of the book Reality: A Very Short Introduction by
Cover of the book Roman Artefacts and Society by
Cover of the book Immigration Law Handbook by
Cover of the book Biocode by
Cover of the book Comparative Literature: A Very Short Introduction by
Cover of the book Herder by
Cover of the book English Private Law by
Cover of the book Catastrophes and Lesser Calamities by
Cover of the book Protecting Human Security in Africa by
Cover of the book A Practitioner's Guide to Maritime Boundary Delimitation by
Cover of the book The New Regulatory Framework for Consumer Dispute Resolution by
Cover of the book Arbitrage Theory in Continuous Time by
Cover of the book The Origins of Evolutionary Innovations by
Cover of the book The Changing Nature of Religious Rights under International Law by
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy