Global Perspectives on Insurance Today

1. Front Matter

   Pages i-ix

   PDF

2. Global Overview of Insurance/Reinsurance Regulations

   1. Front Matter

      Pages 1-1

      PDF

   2. Expansion, Contraction, Consolidation, and Regulation

      • Patricia Guinn

      Pages 3-10

   3. The Future of International Insurance Supervision in Light of the Financial Crisis

      • Michel Flamée, Paul Windels

      Pages 11-24

   4. Improving Regulatory Capital Requirements: Developments in the United States

      • Therese M. Vaughan

      Pages 25-36

   5. Solvency II: A Balancing Act

      • Pamela Schuermans

      Pages 37-51

   6. Solvency II: A New Regulatory Frontier

      • Paul Sharma, Paolo Cadoni

      Pages 53-67

   7. The Move to Market Consistent Reporting for Insurers

      • Mark Freedman, Douglas French, Tara Hansen, Therese Masiello

      Pages 69-82

   8. Toward a Global Approach to Regulating Insurers and Reinsurers

      • Raj Singh

      Pages 83-89

   9. Toward Global Reinsurance Regulation

      • Debra J. Hall, Jérôme Berset

      Pages 91-105

   10. Evolution of Insurance Group Supervision

       • Monica Mächler

       Pages 107-119

   11. The Role of Financial Conglomerates in the Globalization of Financial Services: Regulatory Complexities and the European Perspective

       • Michel Flamée, Paul Windels

       Pages 121-135

   12. The Architecture of Group Supervision

       • John Trowbridge

       Pages 137-152

   13. The IAIS Multilateral Memorandum of Understanding: An Important Tool for Cooperation and Information Exchange between Insurance Supervisors

       • Peter Braumüller, Alexander Warzilek

       Pages 153-160

   14. Uniform Treatment of Creditors’ Rights: Fundamental to Global Insurance and Reinsurance Regulatory Advances

       • Peter Ivanick, Lynn Roberts

       Pages 161-167

3. Industry Governance and Risk Management

   1. Front Matter

      Pages 169-169

      PDF

   2. Corporate Governance and Risk Management in the Insurance and Reinsurance Industries

      • Cecelia Kempler

      Pages 171-188

   3. Aggregating Global Risks Arising from Regulatory Disparities

      • Jerry M. de St. Paer, Michael E. Mathisen

      Pages 189-203

   4. Risk Culture

      • Prakash Shimpi, Heike Klappach

      Pages 205-210

   5. Incorporating Capital Requirements in Risk Management

      • Stephen P. Lowe

      Pages 211-228

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.

• capital
• globalization
• insurance industry
• management
• Reinsurance
• insurance

"Global Perspectives on Insurance Today is an excellent resource for senior executives, professional advisors, legislators, policy makers, regulators, and senior level or graduate students who have not confronted the unique issues currently challenging global insurers and reinsurers on a daily basis. These businesses stand apart in many respects from banks and other financial institutions. The industry and regulatory experts contributing to the book identify unique global, national and local insurance and reinsurance operational, accounting, investment, regulatory and risk issues facing the industry, and offer their individual perspectives on balancing and reconciling geographical disparities." - Dick P.M. Verbeek, Vice Chairman Emeritus Aon Group Inc.

"Global Perspectives on Insurance Today" is required reading for all practitioners of (re) insurance at the national and global level. Many of the brightest minds from industry stakeholders of mature and emerging markets present succinct, astute reviews of the history of the regulatory environment as well as forward-looking proposals." - Walter Bell, Chairman, Swiss Re America Holding Corporation

"Very interesting and educating. A must for those who are convinced that regulatory cooperation is necessary as well as for those who are not convinced yet!" - Karel Van Hulle, Head of Insurance and Pensions, European Commission

• Florida Atlantic University, USA

  Cecelia Kempler

• Free University of Brussels, Belgium

  Michel Flamée

• Department of Finance, Florida Atlantic University, USA

  Charles Yang

• Hogeschool-Universiteit Brussel, Belgium

  Paul Windels

Patricia Guinn Michel Flamée Paul Windels Therese Vaughan Pamela Schuermans Paul Sharma Paolo Cadoni Mark Freedman Douglas French Tara Hansen Therese Masiello Raj Singh Debra Hall Jerome Berset Monica Mächler Michel Flamée Paul Windels John Trowbridge Peter Braumuller Alexander Warzilek Peter Ivanick Lynn Roberts Cecelia Kempler Jerry de St Paer Michael Mathisen Prakash Shimpi Heike Klappach Stephen Lowe Marcelo Ramella John Schwolsky Matthew Stern Peter Neville Dongmei Chen Xian Xu Anita Pennathur Rodolpho Wehrhahn  

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