The European Insurance Industry

1. Front Matter

   Pages i-ix

   PDF

2. Introduction

   • Antonella Cappiello

   Pages 1-5

3. Risks and Control of Insurance Undertakings

   • Antonella Cappiello

   Pages 7-29

4. An Integrated Approach to Risk Governance in the Insurance Industry

   • Antonella Cappiello

   Pages 31-58

5. Risk Governance in the Second Pillar of Solvency II Framework

   • Antonella Cappiello

   Pages 59-78

6. The Evolving Risk Landscape: Impact on Internal Control and External Regulation

   • Antonella Cappiello

   Pages 79-101

7. An Assessment Model of the Internal Controls System

   • Antonella Cappiello

   Pages 103-121

8. Back Matter

   Pages 123-126

   PDF

This book analyses the methodologies and functions of a systemic approach to risk governance and internal control capable of tackling the complexity of the insurance business. It focuses on the main trends currently impacting the insurance industry, characterized by new operators, new products and services, new tools, new styles of competition, and new risks. It provides tips and empirical contributions addressing the role of sound internal control and risk management models within an ongoing revision of prudential regulation to better deal with the evolving scenario where insurance activities are becoming increasingly risky and complex. The book is of particular interest to scholars and students of insurance and financial services and practitioners in the insurance industry.

• Solvency II
• Enterprise risk management in the insurance industry
• Risk assessment
• Insurance risk management
• Insurance regulation and supervisory
• Insurance internal control
• insurance

• Department of Economics and Management, University of Pisa, Pisa, Italy

  Antonella Cappiello

Antonella Cappiello is an Associate Professor of Financial Markets and Institutions at the University of Pisa, Italy, where she teaches classes on insurance techniques, economics in insurance, and management of banking and insurance institutions. Her current research focuses on risk management and control systems in the insurance industry and banking, insurance services and customer relationships, strategic management and organization, operational risk management, and systemic risk. Additionally, she is the President of the Banking, Finance and Financial Markets 1^st Cycle Degree Course and a Professor and member of the Directive Board of several master's programs in Banking and Insurance Institutions.

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