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When Insurers Go Bust : An Economic Analysis of the Role and Design of Prudential Regulation /
In the 1990s, large insurance companies failed in virtually every major market, prompting a fierce and ongoing debate about how to better protect policyholders. Drawing lessons from the failures of four insurance companies, When Insurers Go Bust dramatically advances this debate by arguing that the...
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| Format: | Électronique eBook |
| Langue: | Inglés |
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Princeton, N.J. :
Princeton University Press,
2007.
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| Collection: | Book collections on Project MUSE.
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| Accès en ligne: | Texto completo |
Table des matières:
- Four recent cases of financially distressed insurers
- The state of the art in prudential regulation
- Inversion of the production cycle and capital structure of insurance companies
- Absence of a tough claimholder in the financial structure of insurance companies and incomplete contracts
- How to organize the regulation of insurance companies
- The role of reinsurance
- How does insurance regulation fit within other financial regulations?
- Conclusion : Prudential regulation as a substitute for corporate governance.