When Insurers Go Bust

When Insurers Go Bust
Author :
Publisher : Princeton University Press
Total Pages : 111
Release :
ISBN-10 : 9780691170985
ISBN-13 : 0691170983
Rating : 4/5 (85 Downloads)

Book Synopsis When Insurers Go Bust by : Guillaume Plantin

Download or read book When Insurers Go Bust written by Guillaume Plantin and published by Princeton University Press. This book was released on 2016-06-28 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 current approach to insurance regulation should be replaced with mechanisms that replicate the governance of non-financial firms. Rather than immediately addressing the minutiae of supervision, Guillaume Plantin and Jean-Charles Rochet first identify a fundamental economic rationale for supervising the solvency of insurance companies: policyholders are the "bankers" of insurance companies. But because policyholders are too dispersed to effectively monitor insurers, it might be efficient to delegate monitoring to an institution--a prudential authority. Applying recent developments in corporate finance theory and the economic theory of organizations, the authors describe in practical terms how such authorities could be created and given the incentives to behave exactly like bankers behave toward borrowers, as "tough" claimholders.


When Insurers Go Bust Related Books

When Insurers Go Bust
Language: en
Pages: 111
Authors: Guillaume Plantin
Categories: Business & Economics
Type: BOOK - Published: 2016-06-28 - Publisher: Princeton University Press

DOWNLOAD EBOOK

In the 1990s, large insurance companies failed in virtually every major market, prompting a fierce and ongoing debate about how to better protect policyholders.
Insurance Risk Management and Reinsurance
Language: en
Pages: 394
Authors: Guillaume Gorge
Categories: Business & Economics
Type: BOOK - Published: 2016 - Publisher: Lulu.com

DOWNLOAD EBOOK

"Risk being its raw material, insurance has developed various techniques of valuation and risk transfer. Nowadays, these techniques - and first of all reinsuran
Why Are There So Many Banking Crises?
Language: en
Pages: 328
Authors: Jean-Charles Rochet
Categories: Business & Economics
Type: BOOK - Published: 2008-01-23 - Publisher: Princeton University Press

DOWNLOAD EBOOK

Almost every country in the world has sophisticated systems to prevent banking crises. Yet such crises--and the massive financial and social damage they can cau
H.R. 4731 and the Economic Impact of Insurance Company Insolvencies
Language: en
Pages: 456
Authors: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Policy Research and Insurance
Categories: Business & Economics
Type: BOOK - Published: 1992 - Publisher:

DOWNLOAD EBOOK

A Descriptive Analysis of the Insurance Industry in the United States
Language: en
Pages: 184
Authors:
Categories: Insurance
Type: BOOK - Published: 1991 - Publisher:

DOWNLOAD EBOOK