Centro de Documentacion de Fundación MAPFRE - Insurance and the credit crisis : impact and ten consequences for risk management and supervision

Notes: Sumario: Although the insurance industry is less affected than the banking industry, the credit crisis has revealed room for improvement in its risk management and supervision. Based on this observation, it's formulated ten consequences for risk management and insurance regulation. Many of these reflect current discussions in academia and practice, but it's also added a number of new ideas that have not yet been the focus of discussion. Among these are specific aspects of agency and portfolio theory, a concept for a controlled run-off for insolvent insurers, new principles in stress testing, improved communication aspects, market discipline, and accountability. Another contribution of this paper is to embed the current practitioners' discussion in the recent academic literature, for example, with regard to the regulation of financial conglomeratesRelated records: En: Geneva papers on risk and insurance : issues and practice. - Geneva : The Geneva Association, 1976- = ISSN 1018-5895. - Tomo 35 Número 1 - 2010Materia / lugar / evento: Crisis financiera Mercado de seguros Supervisión de seguros Gerencia de riesgos Otros autores: Schmeiser, Hato
Other categories: 219

Rights: In Copyright (InC)

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