Corporate Governance in the European Insurance Industry

Corporate Governance in the European Insurance Industry PDF Author: O. Ricci
Publisher: Springer
ISBN: 113737604X
Category : Business & Economics
Languages : en
Pages : 254

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Book Description
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.

Corporate Governance in the European Insurance Industry

Corporate Governance in the European Insurance Industry PDF Author: O. Ricci
Publisher: Springer
ISBN: 113737604X
Category : Business & Economics
Languages : en
Pages : 254

Get Book Here

Book Description
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.

The Governance of Insurance Undertakings

The Governance of Insurance Undertakings PDF Author: Pierpaolo Marano
Publisher: Springer Nature
ISBN: 3030858170
Category : Law
Languages : en
Pages : 365

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Book Description
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.

The European Insurance Industry

The European Insurance Industry PDF Author: Antonella Cappiello
Publisher: Springer Nature
ISBN: 3030431428
Category : Business & Economics
Languages : en
Pages : 130

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Book Description
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.

Global Perspectives on Insurance Today

Global Perspectives on Insurance Today PDF Author: C. Kempler
Publisher: Springer
ISBN: 0230117376
Category : Business & Economics
Languages : en
Pages : 322

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Book Description
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.

Insurance Regulation in the European Union

Insurance Regulation in the European Union PDF Author: Pierpaolo Marano
Publisher: Springer
ISBN: 3319612166
Category : Business & Economics
Languages : en
Pages : 403

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Book Description
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.

Economic Freedom, Corporate Governance, and Risk Taking Behavior: Evidence from the European Life Insurance Industry

Economic Freedom, Corporate Governance, and Risk Taking Behavior: Evidence from the European Life Insurance Industry PDF Author: 陳筱筑
Publisher:
ISBN:
Category :
Languages : en
Pages : 68

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Book Description


Corporate Governance in the European Insurance Industry

Corporate Governance in the European Insurance Industry PDF Author: O. Ricci
Publisher: Springer
ISBN: 113737604X
Category : Business & Economics
Languages : en
Pages : 165

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Book Description
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.

Corporate Governance and Cost Efficiency in the United Kingdom Life Insurance Industry

Corporate Governance and Cost Efficiency in the United Kingdom Life Insurance Industry PDF Author: Philip Hardwick
Publisher:
ISBN:
Category : Commerce
Languages : en
Pages : 62

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Book Description


Corporate governance in central an eastern Europe : lessons from advanced market economies

Corporate governance in central an eastern Europe : lessons from advanced market economies PDF Author: Cheryl Williamson Gray
Publisher: World Bank Publications
ISBN:
Category : Bestyrelser, aktieselskaber
Languages : en
Pages : 36

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Book Description
The countries of Central and Eastern Europe need to err on the side of stronger and more active corporate governance. German and Japanese models may offer some clues.

Corporate Governance, Financial Markets and Global Convergence

Corporate Governance, Financial Markets and Global Convergence PDF Author: Morten Balling
Publisher: Springer Science & Business Media
ISBN: 1475726333
Category : Business & Economics
Languages : en
Pages : 358

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Book Description
for many years been heavily dependent on bank financing, and this situation has not changed fundamentally. In his paper on stock exchange governance in the European Union Guido Ferrarini discusses the relative merits of member and investor ownership and compares stock exchange regulation in a number of EU countries. Faced with increasing competition amongst themselves and against other enterprises that offer transaction services, such as proprietary trading systems, it is essential for European stock exchanges to improve their efficiency and to generate volume. Large investments in new information technology are necessary in order to preserve competitiveness in agIobaI financial market. The implementation of the ISD has accelerated cross-border transaction activity of member firms and investors and strengthened the pressure for convergence of national stock exchange laws in the EU. In their paper, Francesco Giavazzi and Marco Battaglini look at the role played by banks in privatization processes. Banks can be involved in such processes in several ways. They may themselves be the objects of privatization since in many countries a significant fraction of the banking industry is publicly owned. This is the case in France, Spain and Italy. But banks can also be important buyers of the equity of industrial firms sold by the government if they are allowed to do so. The authors characterize privatizations as a very good opportunity to set up the right environment for the development of new financial intermediaries and in general for asound corporate governance system.