Download PDF eBook The Economics, Regulation, and Systemic Risk of Insurance Markets, Regardless of the significance of insurance coverage in enabling particular person and collective social, financial, and monetary actions, discussions concerning the macro-economic function and dangers of insurance coverage markets are surprisingly restricted. The core motivation for publishing this book is to carry collectively teachers, regulators, and business consultants to offer a multifaceted array of analysis and views on insurance coverage, its function and functioning, and the potential systemic threat it might create.
The first half discusses the macro-economic function of insurance coverage and how insurance coverage is completely different from banking and basic finance. Understanding the variations between the steadiness sheets of insurers and different monetary intermediaries is important to know the potential variations in threat nature and variations in optimum regulation. The second half of the book focuses on the dangers of the insurance coverage sector and the potential for systemic threat. The varied chapters focus on the dangers each on the asset and legal responsibility sides of insurers’ steadiness sheets. The third half of the book covers the impression of regulation on insurance coverage firms. Present regulation is commonly complicated and has a big impression on insurance coverage firms’ decision-making and functioning. The chapters additionally illustrate the unintended penalties of varied kinds of regulation. The book concludes with a abstract of a survey that has been performed in collaboration with McKinsey, the place insurance coverage executives have been requested concerning the dangers and regulation within the insurance coverage sector. The survey gives steering for future analysis on insurance coverage markets.
Download PDF eBook The Economics, Regulation, and Systemic Risk of Insurance Markets