Policy Issues in Insurance Insurance and Expanding Systemic Risks

Policy Issues in Insurance Insurance and Expanding Systemic Risks PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264102914
Category :
Languages : en
Pages : 259

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Book Description
This volume contains an in-depth analysis of the assessment, management and compensation of the so-called "expanding systemic risks", to which market players and insurers are exposed.

Policy Issues in Insurance Insurance and Expanding Systemic Risks

Policy Issues in Insurance Insurance and Expanding Systemic Risks PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264102914
Category :
Languages : en
Pages : 259

Get Book Here

Book Description
This volume contains an in-depth analysis of the assessment, management and compensation of the so-called "expanding systemic risks", to which market players and insurers are exposed.

Policy Issues in Insurance No. 05: Insurance and Expanding Systemic Risks

Policy Issues in Insurance No. 05: Insurance and Expanding Systemic Risks PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description


Insurance and Expanding Systemic Risks

Insurance and Expanding Systemic Risks PDF Author: Michael G. Faure
Publisher:
ISBN:
Category :
Languages : en
Pages : 260

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Book Description


Systemic Risk and the Future of Insurance Regulation

Systemic Risk and the Future of Insurance Regulation PDF Author: Andromachi Georgosouli
Publisher: Taylor & Francis
ISBN: 1317799968
Category : Law
Languages : en
Pages : 237

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Book Description
This book examines policy developments that have been occurring in the field of financial regulation and their implications for the insurance industry and markets. With UK and US contributors from academia and legal practice, this book will be essential reading for policy-makers, insurance regulators, insurance and legal professionals as well as students and academics researching and studying insurance law.

Insurance and Issues in Financial Soundness

Insurance and Issues in Financial Soundness PDF Author: Nigel Davies
Publisher: International Monetary Fund
ISBN: 1451856008
Category : Business & Economics
Languages : en
Pages : 45

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Book Description
This paper explores insurance as a source of financial system vulnerability. It provides a brief overview of the insurance industry and reviews the risks it faces, as well as several recent failures of insurance companies that had systemic implications. Assimilation of banking-type activities by life insurers appears to be the key systemic vulnerability. Building on this experience and the experience gained under the FSAP, the paper proposes key indicators that should be compiled and used for surveillance of financial soundness of insurance companies and the insurance sector as a whole.

Modernizing Insurance Regulation

Modernizing Insurance Regulation PDF Author: John H. Biggs
Publisher: John Wiley & Sons
ISBN: 1118758846
Category : Business & Economics
Languages : en
Pages : 304

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Book Description
The future of the insurance regulation begins now For those involved with the insurance industry, from investmentprofessionals to policy makers, and regulators to legislators,tremendous change is coming. With insurance premiums constitutingan ever-growing portion of annual U.S. GDP and provisions of theDodd-Frank Act specifically calling for modernization of insuranceregulations, the issues at hand are pervasive. In ModernizingInsurance Regulation, these issues are described against abackdrop of the political and industry discussions that surroundinsurance, regulation, and systemic risk. Experts Viral V. Acharyaand Matthew Richardson discuss a variety of issues with topthinkers in the fields of finance, derivatives, credit risk, andbanking to bring to light the most germane elements of this ongoingdiscussion. In Modernizing Insurance Regulation, Acharya andRichardson call on the expertise of all the relevant stakeholderswithin government, academia, and industry to offer a well-roundedand independent view of insurance regulation and how the evolutionof this key industry affects the U.S. economy now and in thefuture. Provides an overview of the feasibility of maintaining astate-level regulatory structure Offers a view of the issues from top academics, industryleaders, and state regulators Explores the debate surrounding the insurance industry andsystemic risk Provides an in-depth look at upcoming changes under theDodd-Frank Act Modernizing Insurance Regulation provides a look into thecrucial changes coming to insurance regulation and an overview ofhow those changes will affect almost everyone.

The Economics, Regulation, and Systemic Risk of Insurance Markets

The Economics, Regulation, and Systemic Risk of Insurance Markets PDF Author: Felix Hufeld
Publisher: Oxford University Press
ISBN: 0191093173
Category : Business & Economics
Languages : en
Pages : 247

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Book Description
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.

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.

Policy Issues in Insurance Risk Awareness, Capital Markets and Catastrophic Risks

Policy Issues in Insurance Risk Awareness, Capital Markets and Catastrophic Risks PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264046607
Category :
Languages : en
Pages : 166

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Book Description
Includes reports on initiatives to promote natural hazard awareness and disaster risk reduction education, the role of financial markets in financial mitigation of large-scale risks, mechanisms used to quantify catastrophe losses, and hazard risk mapping efforts in Southeast Asian countries.

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance PDF Author: El Bachir Boukherouaa
Publisher: International Monetary Fund
ISBN: 1589063953
Category : Business & Economics
Languages : en
Pages : 35

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Book Description
This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.