Global Perspectives on Insurance Today

Patricia Guinn Michel Flamée Paul Windels Therese Vaughan Pamela Schuermans Paul Sharma Paolo Cadoni Mark Freedman Douglas French Tara Hansen Therese Masiello Raj Singh Debra Hall Jerome Berset Monica Mächler Michel Flamée Paul Windels John Trowbridge Peter Braumuller Alexander Warzilek Peter Ivanick Lynn Roberts Cecelia Kempler Jerry de St Paer Michael Mathisen Prakash Shimpi Heike Klappach Stephen Lowe Marcelo Ramella John Schwolsky Matthew Stern Peter Neville Dongmei Chen Xian Xu Anita Pennathur Rodolpho Wehrhahn

• Introduction Overview of Industry Contraction, Expansion and Consolidation The Role of Financial Conglomerates in Globalization of Financial Services Improving Regulatory Capital Requirements Reinsurance and Alternative Markets Structuring Adequate Risk Management and Corporate Governance Special Market Issues Globalization Strategic Planning

"Global Perspectives on Insurance Today is an excellent resource for senior executives, professional advisors, legislators, policy makers, regulators, and senior level or graduate students who have not confronted the unique issues currently challenging global insurers and reinsurers on a daily basis. These businesses stand apart in many respects from banks and other financial institutions. The industry and regulatory experts contributing to the book identify unique global, national and local insurance and reinsurance operational, accounting, investment, regulatory and risk issues facing the industry, and offer their individual perspectives on balancing and reconciling geographical disparities." - Dick P.M. Verbeek, Vice Chairman Emeritus Aon Group Inc."Global Perspectives on Insurance Today" is required reading for all practitioners of (re) insurance at the national and global level. Many of the brightest minds from industry stakeholders of mature and emerging markets present succinct, astute reviews of the history of the regulatory environment as well as forward-looking proposals." - Walter Bell, Chairman, Swiss Re America Holding Corporation"Very interesting and educating. A must for those who are convinced that regulatory cooperation is necessary as well as for those who are not convinced yet!" - Karel Van Hulle, Head of Insurance and Pensions, European Commission