Description
Written by leading academics, researchers and insurance industry experts, this book offers a diversified perspective on how the regulatory and supervisory framework for the insurance sector will develop over the coming years. It is supported by The Geneva Association , the world-leading insurance think-tank of the private industry. Edited By Patrick M. Liedtke and Jan Monkiewicz Preface; D.Kessler Introduction; P.M.Liedtke & J.Monkiewicz PART I: THE GLOBAL FRAMEWORK Insurance Activity as a Regulatory Object: Trends and Developments and their Appreciation in the Context of Post-Crisis Global Markets; P.M.Liedtke Economic Rationale for Insurance Regulation; W.J.Kwon Global Financial Architecture and Insurance Sector; E.Denters Insurance and Financial Stability; P.Braumller & A.Warzilek PART II: THE SUPERVISORY DIMENSION Quality of Regulation and Supervision; I.Tower Solvency as a Focal Point of Prudential Regulation: Supervisory Lessons and Challenges; R.Curtis The Architecture of Insurance Supervision Before and After the Financial Crisis; D.Masciandaro & M.Quintyn PART III: MARKET DIMENSION The Role of Market Discipline in the Insurance Industry; M.Eling Insurance Group Supervision: Addressing the Emergence of Adverse Network Dynamics; M.Mchler Credit Default Swaps: Towards Tighter Regulation of the ‘Shadow Insurance Sector’; N.Jassaud & S.Schich The Regulation of Global Reinsurance Markets: Current State of Affairs and Future Challenges; P.Brahin PART IV: STAKEHOLDER PROTECTION Challenges and Approaches in the Consumer Protection in the Insurance Industry; S.Tennyson Insurance Guarantee Funds and their Relation to Solvency Regulation; H.Schmeiser & P.Rymaszewski Government Intervention in Insurance: an Examination of the Risk of Moral Hazard; M.Flame & P.Windels Systemicness of Insurance Companies: Cross-Border Aspects and Policy Implications; A.Houben & M.Teunissen PART V: DEVELOPED MARKETS PERSPECTIVE Regulatory Challenges and Developments in the United States; T.Vaughan Regulatory Challenges and Developments in the European Union; K.van Hulle Regulatory Challenges and Developments in Japan; Y.Hayasaki PART VI: EMERGING MARKETS PERSPECTIVE China’s Insurance Regulation: Framework, Issues and Prospects; W.Zheng Regulatory Challenges and Developments in Latin America; M.Aguilera-Verduzco Regulatory and Supervisory Issues and Challenges in Russian Insurance Sector in the Aftermath of the Transformation; M.Monkiewicz PART VII: INTERNATIONAL ISSUES Insurance Regulation: Mutual Recognition, Equivalence and International Standards; B.Kading & L.Madeiros Regulatory Future of International Insurance Centers; M.Ramella International Trade Agreements and their Impact on Regulation and Supervision of Insurance Services; J.Arkell
