The Economics, Regulation, and Systemic Risk of Insurance Markets
Häftad, Engelska, 2018
Av Felix Hufeld, Ralph S. J. Koijen, Christian Thimann, German Federal Financial Supervisory Authority (BaFin)) Hufeld, Felix (President, President, NYU Stern School of Business) Koijen, Ralph S. J. (Professor of Finance, Professor of Finance, AXA Group) Thimann, Christian (Director of the Research Fund & Chairman of the EU High-level Group on Sustainable Finance, Director of the Research Fund & Chairman of the EU High-level Group on Sustainable Finance, Ralph S J Koijen
649 kr
Beställningsvara. Skickas inom 10-15 vardagar
Fri frakt för medlemmar vid köp för minst 249 kr.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.
Produktinformation
- Utgivningsdatum2018-03-15
- Mått158 x 235 x 13 mm
- Vikt384 g
- SpråkEngelska
- Antal sidor248
- FörlagOUP OXFORD
- EAN9780198820420