| Description |
1 online resource (viii unnumbered pages, 101 pages) : illustrations |
| Physical Medium |
polychrome |
| Description |
text file |
| Bibliography |
Includes bibliographical references (pages 99-101). |
| Contents |
Four recent cases of financially distressed insurers -- The state of the art in prudential regulation -- Inversion of the production cycle and capital structure of insurance companies -- Absence of a tough claimholder in the financial structure of insurance companies and incomplete contracts -- How to organize the regulation of insurance companies -- The role of reinsurance -- How does insurance regulation fit within other financial regulations? -- Conclusion : Prudential regulation as a substitute for corporate governance. |
| Summary |
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 t. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Insurance -- State supervision.
|
|
Insurance -- State supervision. |
|
Insurance law -- Economic aspects.
|
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Insurance law -- Economic aspects. |
|
Insurance law. |
| Indexed Term |
JSTOR-DDA |
|
Multi-User. |
| Genre/Form |
Electronic books.
|
| Added Author |
Rochet, Jean-Charles.
|
| Added Title |
Economic analysis of the role and design of prudential regulation |
| Other Form: |
Print version: Plantin, Guillaume. When insurers go bust. Princeton, N.J. : Princeton University Press, ©2007 0691129355 9780691129358 (DLC) 2006936336 (OCoLC)85248835 |
| ISBN |
9781400827770 (electronic book) |
|
1400827779 (electronic book) |
|
1282129732 |
|
9781282129733 |
|
0691129355 (hardback) |
|
9780691129358 (hardback) |
|
