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Insurance and the credit crisis : impact and ten consequences for risk management and supervision

Recurso electrónico / electronic resource
Registro MARC
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100  ‎$0‎MAPA20080644529‎$a‎Eling, Martin
24500‎$a‎Insurance and the credit crisis‎$b‎: impact and ten consequences for risk management and supervision‎$c‎Martin Eling, Hato Schmeiser
520  ‎$a‎Although 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 conglomerates
650 1‎$0‎MAPA20080579814‎$a‎Crisis financiera
650 1‎$0‎MAPA20080586294‎$a‎Mercado de seguros
650 1‎$0‎MAPA20080608804‎$a‎Supervisión de seguros
650 1‎$0‎MAPA20080591182‎$a‎Gerencia de riesgos
7001 ‎$0‎MAPA20080147648‎$a‎Schmeiser, Hato
7730 ‎$w‎MAP20077100215‎$t‎Geneva papers on risk and insurance : issues and practice‎$d‎Geneva : The Geneva Association, 1976-‎$x‎1018-5895‎$g‎Tomo 35 Número 1 - 2010