When insurers go bust : an economic analysis of the role and design of prudential regulation /
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| Format: | Book |
| Language: | English |
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Princeton University Press,
2007
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Table of 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.