Global Perspectives on Insurance Today: A Look at National Interest versus Globalization

Front Matter....Pages i-ix
Front Matter....Pages 1-1
Expansion, Contraction, Consolidation, and Regulation....Pages 3-10
The Future of International Insurance Supervision in Light of the Financial Crisis....Pages 11-24
Improving Regulatory Capital Requirements: Developments in the United States....Pages 25-36
Solvency II: A Balancing Act....Pages 37-51
Solvency II: A New Regulatory Frontier....Pages 53-67
The Move to Market Consistent Reporting for Insurers....Pages 69-82
Toward a Global Approach to Regulating Insurers and Reinsurers....Pages 83-89
Toward Global Reinsurance Regulation....Pages 91-105
Evolution of Insurance Group Supervision....Pages 107-119
The Role of Financial Conglomerates in the Globalization of Financial Services: Regulatory Complexities and the European Perspective....Pages 121-135
The Architecture of Group Supervision....Pages 137-152
The IAIS Multilateral Memorandum of Understanding: An Important Tool for Cooperation and Information Exchange between Insurance Supervisors....Pages 153-160
Uniform Treatment of Creditors’ Rights: Fundamental to Global Insurance and Reinsurance Regulatory Advances....Pages 161-167
Front Matter....Pages 169-169
Corporate Governance and Risk Management in the Insurance and Reinsurance Industries....Pages 171-188
Aggregating Global Risks Arising from Regulatory Disparities....Pages 189-203
Risk Culture....Pages 205-210
Incorporating Capital Requirements in Risk Management....Pages 211-228
Securitization and Insurance....Pages 229-244
Structuring Catastrophe Bonds: A Functionalist Perspective....Pages 245-260
Growth and Diversification of the Captive Insurance Market....Pages 261-273
Front Matter....Pages 275-275
Past, Present, and Future Insurance Markets and Regulations in China....Pages 277-290
Financial Services Firms in India: The Road Ahead and the Challenges....Pages 291-297
Insurance Underutilization in Emerging Economies: Causes and Barriers....Pages 299-310
Back Matter....Pages 311-326