Corporate Governance In The European Insurance Industry

Author : O. Ricci
Publisher : Springer
Page : 254 pages
File Size : 47,6 Mb
Release : 2014-10-21
Category : Business & Economics
ISBN : 9781137376046

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Corporate Governance in the European Insurance Industry by O. Ricci Pdf

Corporate scandals at the beginning of the 2000s and the recent global financial crisis have renewed the attention of academics, regulators and practitioners to agency problems and possible solutions in the financial sector. Since that time, much thought has been given to new regulations and international corporate governance standards, in an attempt to guarantee prudent and sound financial management. While much of this thought has been focussed on the banking sector, Corporate Governance in the European Insurance Industry provides a unique perspective on the subject, focusing on the insurance industry and asking some important theoretical and practical questions. Are insurance companies systemically relevant, and does the existing regulation provide adequate protection for customers and guarantee financial stability? Is regulatory intervention consistent with economic and financial theories? And crucially, is this intervention consistent with empirical evidence of the behaviour and performance of insurance companies? The first part of this book provides the reader with a comprehensive review of current academic studies on the topic; the second part moves on to examine the regulation of corporate governance and its recent evolution after the global financial crisis. Within a context of vivid debate in the financial services industry, the issues explored in this book will be of value to anyone with an interest in insurance corporate governance and regulation. It is also a key source of research for academics in insurance and finance, as well as PhD students and post-graduate students in relevant subjects.

Author : Pierpaolo Marano,Kyriaki Noussia
Publisher : Springer Nature
Page : 365 pages
File Size : 55,9 Mb
Release : 2022-03-14
Category : Law
ISBN : 9783030858179

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The Governance of Insurance Undertakings by Pierpaolo Marano,Kyriaki Noussia Pdf

This open access volume of the AIDA Europe Research Series on Insurance Law and Regulation brings together contributions from authors with different legal cultures. It aims to identify the legal issues that arise from the intersection of two disciplines: insurance law and corporate/company law. These legal issues are examined mainly from the perspective of European Union (EU) law. However, there are also contributions from other legal systems, enriching the perspective with which to approach these issues.

Author : Antonella Cappiello
Publisher : Springer Nature
Page : 130 pages
File Size : 41,7 Mb
Release : 2020-03-04
Category : Business & Economics
ISBN : 9783030431426

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The European Insurance Industry by Antonella Cappiello Pdf

This book analyses the methodologies and functions of a systemic approach to risk governance and internal control capable of tackling the complexity of the insurance business. It focuses on the main trends currently impacting the insurance industry, characterized by new operators, new products and services, new tools, new styles of competition, and new risks. 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. The book is of particular interest to scholars and students of insurance and financial services and practitioners in the insurance industry.

Author : Pierpaolo Marano,Michele Siri
Publisher : Springer
Page : 405 pages
File Size : 40,9 Mb
Release : 2017-10-13
Category : Business & Economics
ISBN : 9783319612164

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Insurance Regulation in the European Union by Pierpaolo Marano,Michele Siri Pdf

This book explores the profound transformation that has taken place in European insurance legislation since January 2016. Expert contributions discuss the changes that have taken place in the supervision of insurance and reinsurance undertakings through an economic risk-based approach. They outline the European insurance market before going on to show how Solvency II and Insurance Distribution Directive (IDD) are expected to generate significant benefits and have a positive impact on all parties involved in the insurance industry, the supervisory authorities and the insured. They also show how Solvency II is likely to benefit the economy as a whole, promoting more efficient allocation of capital and risk in a financial stability framework. This volume will be of interest to academics and researchers in the field of insurance regulation.

Author : C. Kempler,M. Flamée,C. Yang,P. Windels
Publisher : Springer
Page : 326 pages
File Size : 51,9 Mb
Release : 2010-11-14
Category : Business & Economics
ISBN : 9780230117372

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Global Perspectives on Insurance Today by C. Kempler,M. Flamée,C. Yang,P. Windels Pdf

Many risks face the global insurance industry today, including the aging populations of developed countries, competition from other financial institutions, and both disparate and quickly changing regulatory demands, to name a few. The book s contributors offer their unique perspectives on challenges confronting the insurance industry and how attendant risks can be most effectively managed.

Author : OECD
Publisher : OECD Publishing
Page : 94 pages
File Size : 55,8 Mb
Release : 2011-11-28
Category : Electronic
ISBN : 9789264129320

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OECD Guidelines on Insurer Governance by OECD Pdf

The OECD Guidelines on Insurer Governance offer a comprehensive set of principles on the governance of insurers that are intended to provide guidance and serve as a reference point for insurers, governmental authorities, and other relevant stakeholders in OECD and non-OECD countries.

Author : Philip Hardwick,Michael Adams,Zou Hong
Publisher : Unknown
Page : 62 pages
File Size : 52,9 Mb
Release : 2003
Category : Commerce
ISBN : OCLC:498497237

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Corporate Governance and Cost Efficiency in the United Kingdom Life Insurance Industry by Philip Hardwick,Michael Adams,Zou Hong Pdf

Author : Nicholas Tsounis,Aspasia Vlachvei
Publisher : Springer Nature
Page : 720 pages
File Size : 42,8 Mb
Release : 2020-02-24
Category : Business & Economics
ISBN : 9783030382537

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Advances in Cross-Section Data Methods in Applied Economic Research by Nicholas Tsounis,Aspasia Vlachvei Pdf

This proceedings volume presents new methods and applications in applied economics with special interest in advanced cross-section data estimation methodology. Featuring select contributions from the 2019 International Conference on Applied Economics (ICOAE 2019) held in Milan, Italy, this book explores areas such as applied macroeconomics, applied microeconomics, applied financial economics, applied international economics, applied agricultural economics, applied marketing and applied managerial economics. International Conference on Applied Economics (ICOAE) is an annual conference that started in 2008, designed to bring together economists from different fields of applied economic research, in order to share methods and ideas. Applied economics is a rapidly growing field of economics that combines economic theory with econometrics, to analyze economic problems of the real world, usually with economic policy interest. In addition, there is growing interest in the field of applied economics for cross-section data estimation methods, tests and techniques. This volume makes a contribution in the field of applied economic research by presenting the most current research. Featuring country specific studies, this book is of interest to academics, students, researchers, practitioners, and policy makers in applied economics, econometrics and economic policy.

Author : O. Ricci
Publisher : Springer
Page : 154 pages
File Size : 48,5 Mb
Release : 2014-10-21
Category : Business & Economics
ISBN : 9781137376046

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Corporate Governance in the European Insurance Industry by O. Ricci Pdf

Corporate scandals at the beginning of the 2000s and the recent global financial crisis have renewed the attention of academics, regulators and practitioners to agency problems and possible solutions in the financial sector. Since that time, much thought has been given to new regulations and international corporate governance standards, in an attempt to guarantee prudent and sound financial management. While much of this thought has been focussed on the banking sector, Corporate Governance in the European Insurance Industry provides a unique perspective on the subject, focusing on the insurance industry and asking some important theoretical and practical questions. Are insurance companies systemically relevant, and does the existing regulation provide adequate protection for customers and guarantee financial stability? Is regulatory intervention consistent with economic and financial theories? And crucially, is this intervention consistent with empirical evidence of the behaviour and performance of insurance companies? The first part of this book provides the reader with a comprehensive review of current academic studies on the topic; the second part moves on to examine the regulation of corporate governance and its recent evolution after the global financial crisis. Within a context of vivid debate in the financial services industry, the issues explored in this book will be of value to anyone with an interest in insurance corporate governance and regulation. It is also a key source of research for academics in insurance and finance, as well as PhD students and post-graduate students in relevant subjects.

Author : Randall K. Morck
Publisher : University of Chicago Press
Page : 700 pages
File Size : 50,5 Mb
Release : 2007-11-01
Category : Business & Economics
ISBN : 9780226536835

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A History of Corporate Governance around the World by Randall K. Morck Pdf

For many Americans, capitalism is a dynamic engine of prosperity that rewards the bold, the daring, and the hardworking. But to many outside the United States, capitalism seems like an initiative that serves only to concentrate power and wealth in the hands of a few hereditary oligarchies. As A History of Corporate Governance around the World shows, neither conception is wrong. In this volume, some of the brightest minds in the field of economics present new empirical research that suggests that each side of the debate has something to offer the other. Free enterprise and well-developed financial systems are proven to produce growth in those countries that have them. But research also suggests that in some other capitalist countries, arrangements truly do concentrate corporate ownership in the hands of a few wealthy families. A History of Corporate Governance around the World provides historical studies of the patterns of corporate governance in several countries-including the large industrial economies of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States; larger developing economies like China and India; and alternative models like those of the Netherlands and Sweden.

Author : OECD
Publisher : OECD Publishing
Page : 42 pages
File Size : 42,8 Mb
Release : 1999-10-06
Category : Electronic
ISBN : 9789264173705

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OECD Principles of Corporate Governance by OECD Pdf

These principles of corporate governance, endorsed by the OECD Council at Ministerial level in 1999, provide guidelines and standards to insure inclusion, accountability and abilit to attract capital.

Author : Georges Dionne
Publisher : Springer Science & Business Media
Page : 1133 pages
File Size : 45,7 Mb
Release : 2013-12-02
Category : Business & Economics
ISBN : 9781461401551

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Handbook of Insurance by Georges Dionne Pdf

This new edition of the Handbook of Insurance reviews the last forty years of research developments in insurance and its related fields. A single reference source for professors, researchers, graduate students, regulators, consultants and practitioners, the book starts with the history and foundations of risk and insurance theory, followed by a review of prevention and precaution, asymmetric information, risk management, insurance pricing, new financial innovations, reinsurance, corporate governance, capital allocation, securitization, systemic risk, insurance regulation, the industrial organization of insurance markets and other insurance market applications. It ends with health insurance, longevity risk, long-term care insurance, life insurance financial products and social insurance. This second version of the Handbook contains 15 new chapters. Each of the 37 chapters has been written by leading authorities in risk and insurance research, all contributions have been peer reviewed, and each chapter can be read independently of the others.

Author : Andreas M. Fleckner,Klaus J. Hopt
Publisher : Cambridge University Press
Page : 128 pages
File Size : 51,5 Mb
Release : 2013-07-11
Category : Law
ISBN : 9781107355118

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Comparative Corporate Governance by Andreas M. Fleckner,Klaus J. Hopt Pdf

The business corporation is one of the greatest organizational inventions, but it creates risks both for shareholders and for third parties. To mitigate these risks, legislators, judges, and corporate lawyers have tried to learn from foreign experiences and adapt their regulatory regimes to them. In the last three decades, this approach has led to a stream of corporate and capital market law reforms unseen before. Corporate governance, the system by which companies are directed and controlled, is today a key topic for legislation, practice, and academia all over the world. Corporate scandals and financial crises have repeatedly highlighted the need to better understand the economic, social, political, and legal determinants of corporate governance in individual countries. Comparative Corporate Governance furthers this goal by bringing together current scholarship in law and economics with the expertise of local corporate governance specialists from twenty-three countries.

Author : Karel Van Hulle
Publisher : Unknown
Page : 0 pages
File Size : 47,6 Mb
Release : 2019
Category : Financial risk management
ISBN : 1780681771

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Solvency Requirements for EU Insurers by Karel Van Hulle Pdf

Solvency II is the new regime that regulates the solvency requirements for EU insurers and reinsurers. Solvency II aims to reduce the risk that an insurer would be unable to meet claims, to provide early warning to supervisors so that they can intervene promptly if capital falls below the required level, and to promote confidence in the financial stability of the insurance sector. Solvency II not only sets out the minimum capital requirements to guarantee policyholder protection, but also includes measures to stimulate risk management and good governance and to improve transparency.0While the Solvency I regime only sets basic solvency standards, Solvency II has a much wider scope. Solvency II aims to unify the regulation of the European insurance market as well as to increase policyholder protection. Because it improves the protection of policyholders, creates an incentive e for good risk management, recognizes the economic reality of a group, establishes market transparency and provides for a modern risk based supervisory regime, the book’s subtitle is: Solvency II is Good for You.0This book provides a thorough and well-structured overview of the new regulatory regime and how it will affect insurers, re-insurers and other market participants, including policyholders. The author, who was closely involved in the making of Solvency II, offers all the necessary insights and explanations to better understand this new regulation. The book is written for a wide audience, from the non-expert who wants to gain some or more insight in the complex world of insurance and Solvency II, to the specialist who will find this book a very interesting and helpful reference work.0.

Author : Sagan A.,Sarah Thomson
Publisher : World Health Organization
Page : 163 pages
File Size : 49,9 Mb
Release : 2016-07-20
Category : Business & Economics
ISBN : 9789289050371

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Voluntary Health Insurance in Europe: Country Experience by Sagan A.,Sarah Thomson Pdf

No two markets for voluntary health insurance (VHI) are identical. All differ in some way because they are heavily shaped by the nature and performance of publicly financed health systems and by the contexts in which they have evolved. This volume contains short structured profiles of markets for VHI in 34 countries in Europe. These are drawn from European Union member states plus Armenia Iceland Georgia Norway the Russian Federation Switzerland and Ukraine. The book is aimed at policy-makers and researchers interested in knowing more about how VHI works in practice in a wide range of contexts. Each profile written by one or more local experts identifies gaps in publicly-financed health coverage describes the role VHI plays outlines the way in which the market for VHI operates summarises public policy towards VHI including major developments over time and highlights national debates and challenges. The book is part of a study on VHI in Europe prepared jointly by the European Observatory on Health Systems and Policies and the WHO Regional Office for Europe. A companion volume provides an analytical overview of VHI markets across the 34 countries.