The Governance of Insurance Undertakings : : Corporate Law and Insurance Regulation.
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Superior document: | AIDA Europe Research Series on Insurance Law and Regulation Series ; v.6 |
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Place / Publishing House: | Cham : : Springer International Publishing AG,, 2022. ©2022. |
Year of Publication: | 2022 |
Edition: | 1st ed. |
Language: | English |
Series: | AIDA Europe Research Series on Insurance Law and Regulation Series
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Physical Description: | 1 online resource (365 pages) |
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Marano, Pierpaolo. The Governance of Insurance Undertakings : Corporate Law and Insurance Regulation. 1st ed. Cham : Springer International Publishing AG, 2022. ©2022. 1 online resource (365 pages) text txt rdacontent computer c rdamedia online resource cr rdacarrier AIDA Europe Research Series on Insurance Law and Regulation Series ; v.6 Intro -- Preface -- AIDA Europe -- Contents -- Part I: The System of Governance of Insurance Undertakings -- Corporate Governance and the So-Called `Four-Eyes Principle ́-- 1 The Corporate Governance Structure -- 2 The Board-Senior Managers Relationship -- 3 The So-Called `Four-Eyes Principle ́-- 4 The Persons Who Effectively Run the Undertaking -- 4.1 In Italy and in France -- 4.2 In Spain and the United Kingdom -- References -- The Risk Management System, the Risk Culture and the Duties of the Insurers ́Directors -- 1 Introduction -- 2 Aim and Research Questions -- 3 The Perimeter of the Risk Management System and the Persons Who Are Responsible for Its Functioning -- 4 Identifying Risk and Managing It -- 5 Importance of Performing and Communicating a Risk Culture Diagnostic -- 6 Conclusion -- References -- The Role of the Compliance Function in the Process of Managing the Risk of Non-Compliance in an Insurance Undertaking -- 1 Introduction -- 2 The Compliance Function in an Insurance Undertaking in the Light of Polish and European Insurance Law and Polish Supervisory... -- 2.1 European Insurance Law -- 2.2 Polish Insurance Law and Supervisory Practice -- 3 Organisation and Tasks of the Compliance Function in the Insurance Undertaking -- 3.1 Tasks and Structure -- 3.2 Responsibility for Irregularities of the Compliance Function -- 3.3 Role of the Compliance Function -- 3.4 Selected Models of Compliance Functions in European Insurance Undertakings -- 3.4.1 PZU Group -- 3.4.2 Generali Group -- 3.4.3 Allianz Group -- 4 Management of the Risk of Non-Compliance in an Insurance Undertaking on the Example of Solutions Existing in Poland -- 4.1 Identification of the Risk of Non-Compliance -- 4.2 Assessment of the Risk of Non-Compliance -- 4.3 Control of the Risk of Non-Compliance -- 4.4 Risk Monitoring. 4.5 Reporting to the Management Board and the Supervisory Board -- 5 Conclusions -- References -- List of Documents -- Insurance Outsourcing: A Legal Analysis -- 1 Introduction -- 2 Definitions of Outsourcing -- 3 Outsourcing Types -- 4 Outsourcing Management -- 5 Legal Aspects of the Outsourcing Contract -- 6 Outsourcing in Insurance Activities -- 6.1 The Legal Regime and the Scope of Financial Outsourcing Under the Solvency II Directive -- 6.2 Outsourcing Rules Applicable to Insurance Undertakings Under the Delegated Regulation -- 6.3 EIOPA -- 6.4 Insurance Outsourcing in Polish Law -- 6.5 Outsourcing and Insurance Intermediation -- 7 EIOPA Guidelines on Outsourcing to Cloud Service Providers-Note -- 8 Final Conclusions -- References -- Remuneration Policies of Insurance Undertakings in Europe: Principles for a Deeply Heterogeneous Reality -- 1 Introduction -- 2 European Regulatory and Supervisory Framework for Remuneration Policies in Insurance Undertakings -- 2.1 European Principles Relating Remuneration Policy and Practices in the Insurance Sector -- 2.2 EIOPAś Perspective on Remuneration in the Insurance Industry -- 2.2.1 Scope -- 2.2.2 Developed Aspects -- 3 Regulatory Framework of Remuneration Policies and Practices in the Banking Sector: Means for Improvement in the Insurance an... -- 3.1 Means for Improvement in the Insurance Sector -- 3.2 A Forward-Looking Approach to Supervision in the Financial Sector as a Whole -- 4 Implementation of European Provisions: Interplay with National Corporate Law -- 4.1 Listed Insurance Companies -- 4.2 National Corporate Law and Implementation Measurements of the Specific Insurance Provisions Towards Remuneration -- 4.2.1 Belgium -- 4.2.2 Germany -- 4.2.3 Italy -- 4.2.4 Spain -- 5 Conclusion -- References -- Corporate Governance Standards for Insurers in Singapore. 1 Introduction: Unique Challenges to Singapore -- 2 Corporate Governance Regimes for Insurers in Singapore: The Two Perspectives -- 2.1 Corporate Governance and Agency Costs for Insurers -- 2.2 Corporate Governance and Regulatory Compliance -- 2.3 Corporate Governance Standards for Insurers Under Singapore Law -- 3 Reflection: Challenges to Singapore as an Insurance Hub -- 3.1 Corporate Governance Practices of Selected Insurers in Singapore -- 3.2 Reflection on the Corporate Governance Standards -- 3.3 Effectiveness of Corporate Governance Regimes in Regulatory Compliance -- 4 Conclusion -- References -- Statutes and Regulations in Singapore -- Part II: Insurance Business and Corporate Law -- Recovery and Resolution of Insurance Companies and Directorś Duties -- 1 Introduction -- 2 State of Play in Insurance -- 3 International and European Context -- 3.1 Financial Stability Board -- 3.2 International Association of Insurance Supervisors -- 3.3 European Context -- 3.4 EIOPA Opinion on the 2020 Review of Solvency II -- 4 A European Recovery and Resolution Framework -- 4.1 Preparatory Measures and Corporate Governance Rules -- 4.1.1 Pre-emptive Measures with Respect to Recovery -- 4.1.2 Pre-emptive Resolution Planning -- 5 Triggers to Place an Insurer or Reinsurer in Resolution and Directorś Duties -- 5.1 Triggers for the Entry Into Recovery and Preventive Measures -- 5.2 Preventive Measures -- 6 Resolution Objectives -- 7 Bail-in Tool in Insurance -- 8 Concluding Remarks -- References -- Restructuring, Winding-Up and Portfolio Transfer of Insurance Companies in Distress -- 1 Introduction -- 2 Restructuring of Insurance Companies Under Company Law -- 2.1 Mergers and Acquisitions and Schemes of Arrangement -- 2.1.1 The Contractual Basis for Reorganisation -- 2.1.2 Schemes of Arrangement -- 2.2 Cross-Border Mergers. 2.2.1 The Directive on Cross-Border Mergers of Limited Liability Companies -- 2.2.2 The Companies (Cross-Border Mergers) Regulations 2007 (No. 2974) -- 2.2.3 The Effect of Brexit -- 2.3 Further Considerations -- 2.3.1 Administration -- 2.3.2 Winding-Up -- 2.3.3 Directorś Duties -- 3 Restructuring of Insurance Companies Under Insurance Law -- 3.1 Insurance Portfolio Transfers -- 3.2 Insurance Portfolio Transfers (Solvency II) -- 3.3 Winding-Up (Solvency II) -- 3.4 Reorganisation Measures (Solvency II) -- 4 Greek Case Study: Aspis Pronia -- 4.1 The Legal Framework -- 4.2 The Case of Aspis Pronia -- 5 Conclusions -- References -- Insurance in MandA Transactions -- 1 Introduction -- 2 Contractual Solutions -- 3 Transactional Insurance -- 3.1 Representations and Warranties Insurance -- 3.2 Tax Liability Insurance -- 3.3 Litigation Buyout Insurance and Contingent Liability Insurance -- 4 Transactional Insurance in MandA Contracting -- 5 Conclusion -- References -- The Algorithmic Future of Insurance Supervision in the EU: A Reality Check -- 1 Introduction -- 2 EIOPA, Its Operating Environment and How EU Principles of Administrative Law Shape Its SupTech Mission -- 2.1 The Conferred Powers Principle -- 2.2 The Subsidiarity Principle -- 2.3 The Proportionality Principle -- 2.4 The Meroni Doctrine -- 3 The EIOPAś Recent Initiatives for the Digital Transformation of Insurance Supervision: An Incomplete Agenda? -- 3.1 Introduction -- 3.2 Origins of EIOPAś SupTech Strategy -- 3.3 Summary -- 4 A Reality Check: What Would It Take to Set Up a Digital System of Regulatory Reporting? -- 4.1 Mapping the Extent of Sophistication of the Technology That Will Be Required for a System of Digital Reporting -- 4.2 The Limited Translatability of the EU Legal Content Into Instructions that Can Be Read and Executed by Machines. 4.3 The Architecture of Regulatory Reporting and Issues of Governance -- 5 Conclusion -- References -- Financial Reporting in Insurance and International Financial Reporting Standards -- 1 Introduction -- 2 The Evolution of the International Financial Reporting Standards -- 3 Evolution of Accounting Rules and Financial Statements for Insurance Companies -- 4 Financial Stability and the Insurance Sector -- 5 Conclusion -- References -- Recent Directions in the Regulation of Insurance Claims Handling in the United Kingdom and Australia: A Model for Other Jurisd... -- 1 Introduction -- 2 International Standards for Regulating the Handling of Insurance Claims -- 3 The Regulation of Insurance Claims Handling in the United Kingdom -- 4 The Evolution of the Australian Legal Framework Relating to Insurance Claims Handling -- 4.1 Australian Insurance Contract Law Relating to Claims Handling -- 4.2 The Powers of the Australian Insurance Industry Regulators -- 4.3 Reviews of Insurance Claims Handling Practices by Australian Regulators -- 5 The 2019 FSRC: Key Findings and Reform Recommendations -- 5.1 FSRC Findings in Relation to Insurance Claims Handling and ASICś Enforcement Practices -- 5.2 FSRC Reform Recommendations -- 5.2.1 Making Insurance Claims Handling a Financial Service -- 5.2.2 Making Industry Codes Legally Enforceable -- 5.2.3 Extension of the Unfair Contract Terms Regime to Insurance Contracts -- 6 Conclusion and Key Lessons for Other Jurisdictions Considering Similar Regulatory Reforms -- References -- Legislation -- Bills and Explanatory Memoranda -- Cases -- Policy Statements and Regulatory Guidelines -- Other Rules -- Memoranda of Understanding -- Official Reports -- Regulatory Reports -- Industry Codes of Practice -- International Principles -- Media Releases -- Media Reports -- Website Links -- Books -- Chapters -- Journal Articles. Business Registration Data as the Best Vehicle to Achieve KYC and AML for Business. Description based on publisher supplied metadata and other sources. Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries. Electronic books. Noussia, Kyriaki. Print version: Marano, Pierpaolo The Governance of Insurance Undertakings Cham : Springer International Publishing AG,c2022 9783030858162 ProQuest (Firm) AIDA Europe Research Series on Insurance Law and Regulation Series https://ebookcentral.proquest.com/lib/oeawat/detail.action?docID=6925890 Click to View |
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Marano, Pierpaolo. |
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Marano, Pierpaolo. The Governance of Insurance Undertakings : Corporate Law and Insurance Regulation. AIDA Europe Research Series on Insurance Law and Regulation Series ; Intro -- Preface -- AIDA Europe -- Contents -- Part I: The System of Governance of Insurance Undertakings -- Corporate Governance and the So-Called `Four-Eyes Principle ́-- 1 The Corporate Governance Structure -- 2 The Board-Senior Managers Relationship -- 3 The So-Called `Four-Eyes Principle ́-- 4 The Persons Who Effectively Run the Undertaking -- 4.1 In Italy and in France -- 4.2 In Spain and the United Kingdom -- References -- The Risk Management System, the Risk Culture and the Duties of the Insurers ́Directors -- 1 Introduction -- 2 Aim and Research Questions -- 3 The Perimeter of the Risk Management System and the Persons Who Are Responsible for Its Functioning -- 4 Identifying Risk and Managing It -- 5 Importance of Performing and Communicating a Risk Culture Diagnostic -- 6 Conclusion -- References -- The Role of the Compliance Function in the Process of Managing the Risk of Non-Compliance in an Insurance Undertaking -- 1 Introduction -- 2 The Compliance Function in an Insurance Undertaking in the Light of Polish and European Insurance Law and Polish Supervisory... -- 2.1 European Insurance Law -- 2.2 Polish Insurance Law and Supervisory Practice -- 3 Organisation and Tasks of the Compliance Function in the Insurance Undertaking -- 3.1 Tasks and Structure -- 3.2 Responsibility for Irregularities of the Compliance Function -- 3.3 Role of the Compliance Function -- 3.4 Selected Models of Compliance Functions in European Insurance Undertakings -- 3.4.1 PZU Group -- 3.4.2 Generali Group -- 3.4.3 Allianz Group -- 4 Management of the Risk of Non-Compliance in an Insurance Undertaking on the Example of Solutions Existing in Poland -- 4.1 Identification of the Risk of Non-Compliance -- 4.2 Assessment of the Risk of Non-Compliance -- 4.3 Control of the Risk of Non-Compliance -- 4.4 Risk Monitoring. 4.5 Reporting to the Management Board and the Supervisory Board -- 5 Conclusions -- References -- List of Documents -- Insurance Outsourcing: A Legal Analysis -- 1 Introduction -- 2 Definitions of Outsourcing -- 3 Outsourcing Types -- 4 Outsourcing Management -- 5 Legal Aspects of the Outsourcing Contract -- 6 Outsourcing in Insurance Activities -- 6.1 The Legal Regime and the Scope of Financial Outsourcing Under the Solvency II Directive -- 6.2 Outsourcing Rules Applicable to Insurance Undertakings Under the Delegated Regulation -- 6.3 EIOPA -- 6.4 Insurance Outsourcing in Polish Law -- 6.5 Outsourcing and Insurance Intermediation -- 7 EIOPA Guidelines on Outsourcing to Cloud Service Providers-Note -- 8 Final Conclusions -- References -- Remuneration Policies of Insurance Undertakings in Europe: Principles for a Deeply Heterogeneous Reality -- 1 Introduction -- 2 European Regulatory and Supervisory Framework for Remuneration Policies in Insurance Undertakings -- 2.1 European Principles Relating Remuneration Policy and Practices in the Insurance Sector -- 2.2 EIOPAś Perspective on Remuneration in the Insurance Industry -- 2.2.1 Scope -- 2.2.2 Developed Aspects -- 3 Regulatory Framework of Remuneration Policies and Practices in the Banking Sector: Means for Improvement in the Insurance an... -- 3.1 Means for Improvement in the Insurance Sector -- 3.2 A Forward-Looking Approach to Supervision in the Financial Sector as a Whole -- 4 Implementation of European Provisions: Interplay with National Corporate Law -- 4.1 Listed Insurance Companies -- 4.2 National Corporate Law and Implementation Measurements of the Specific Insurance Provisions Towards Remuneration -- 4.2.1 Belgium -- 4.2.2 Germany -- 4.2.3 Italy -- 4.2.4 Spain -- 5 Conclusion -- References -- Corporate Governance Standards for Insurers in Singapore. 1 Introduction: Unique Challenges to Singapore -- 2 Corporate Governance Regimes for Insurers in Singapore: The Two Perspectives -- 2.1 Corporate Governance and Agency Costs for Insurers -- 2.2 Corporate Governance and Regulatory Compliance -- 2.3 Corporate Governance Standards for Insurers Under Singapore Law -- 3 Reflection: Challenges to Singapore as an Insurance Hub -- 3.1 Corporate Governance Practices of Selected Insurers in Singapore -- 3.2 Reflection on the Corporate Governance Standards -- 3.3 Effectiveness of Corporate Governance Regimes in Regulatory Compliance -- 4 Conclusion -- References -- Statutes and Regulations in Singapore -- Part II: Insurance Business and Corporate Law -- Recovery and Resolution of Insurance Companies and Directorś Duties -- 1 Introduction -- 2 State of Play in Insurance -- 3 International and European Context -- 3.1 Financial Stability Board -- 3.2 International Association of Insurance Supervisors -- 3.3 European Context -- 3.4 EIOPA Opinion on the 2020 Review of Solvency II -- 4 A European Recovery and Resolution Framework -- 4.1 Preparatory Measures and Corporate Governance Rules -- 4.1.1 Pre-emptive Measures with Respect to Recovery -- 4.1.2 Pre-emptive Resolution Planning -- 5 Triggers to Place an Insurer or Reinsurer in Resolution and Directorś Duties -- 5.1 Triggers for the Entry Into Recovery and Preventive Measures -- 5.2 Preventive Measures -- 6 Resolution Objectives -- 7 Bail-in Tool in Insurance -- 8 Concluding Remarks -- References -- Restructuring, Winding-Up and Portfolio Transfer of Insurance Companies in Distress -- 1 Introduction -- 2 Restructuring of Insurance Companies Under Company Law -- 2.1 Mergers and Acquisitions and Schemes of Arrangement -- 2.1.1 The Contractual Basis for Reorganisation -- 2.1.2 Schemes of Arrangement -- 2.2 Cross-Border Mergers. 2.2.1 The Directive on Cross-Border Mergers of Limited Liability Companies -- 2.2.2 The Companies (Cross-Border Mergers) Regulations 2007 (No. 2974) -- 2.2.3 The Effect of Brexit -- 2.3 Further Considerations -- 2.3.1 Administration -- 2.3.2 Winding-Up -- 2.3.3 Directorś Duties -- 3 Restructuring of Insurance Companies Under Insurance Law -- 3.1 Insurance Portfolio Transfers -- 3.2 Insurance Portfolio Transfers (Solvency II) -- 3.3 Winding-Up (Solvency II) -- 3.4 Reorganisation Measures (Solvency II) -- 4 Greek Case Study: Aspis Pronia -- 4.1 The Legal Framework -- 4.2 The Case of Aspis Pronia -- 5 Conclusions -- References -- Insurance in MandA Transactions -- 1 Introduction -- 2 Contractual Solutions -- 3 Transactional Insurance -- 3.1 Representations and Warranties Insurance -- 3.2 Tax Liability Insurance -- 3.3 Litigation Buyout Insurance and Contingent Liability Insurance -- 4 Transactional Insurance in MandA Contracting -- 5 Conclusion -- References -- The Algorithmic Future of Insurance Supervision in the EU: A Reality Check -- 1 Introduction -- 2 EIOPA, Its Operating Environment and How EU Principles of Administrative Law Shape Its SupTech Mission -- 2.1 The Conferred Powers Principle -- 2.2 The Subsidiarity Principle -- 2.3 The Proportionality Principle -- 2.4 The Meroni Doctrine -- 3 The EIOPAś Recent Initiatives for the Digital Transformation of Insurance Supervision: An Incomplete Agenda? -- 3.1 Introduction -- 3.2 Origins of EIOPAś SupTech Strategy -- 3.3 Summary -- 4 A Reality Check: What Would It Take to Set Up a Digital System of Regulatory Reporting? -- 4.1 Mapping the Extent of Sophistication of the Technology That Will Be Required for a System of Digital Reporting -- 4.2 The Limited Translatability of the EU Legal Content Into Instructions that Can Be Read and Executed by Machines. 4.3 The Architecture of Regulatory Reporting and Issues of Governance -- 5 Conclusion -- References -- Financial Reporting in Insurance and International Financial Reporting Standards -- 1 Introduction -- 2 The Evolution of the International Financial Reporting Standards -- 3 Evolution of Accounting Rules and Financial Statements for Insurance Companies -- 4 Financial Stability and the Insurance Sector -- 5 Conclusion -- References -- Recent Directions in the Regulation of Insurance Claims Handling in the United Kingdom and Australia: A Model for Other Jurisd... -- 1 Introduction -- 2 International Standards for Regulating the Handling of Insurance Claims -- 3 The Regulation of Insurance Claims Handling in the United Kingdom -- 4 The Evolution of the Australian Legal Framework Relating to Insurance Claims Handling -- 4.1 Australian Insurance Contract Law Relating to Claims Handling -- 4.2 The Powers of the Australian Insurance Industry Regulators -- 4.3 Reviews of Insurance Claims Handling Practices by Australian Regulators -- 5 The 2019 FSRC: Key Findings and Reform Recommendations -- 5.1 FSRC Findings in Relation to Insurance Claims Handling and ASICś Enforcement Practices -- 5.2 FSRC Reform Recommendations -- 5.2.1 Making Insurance Claims Handling a Financial Service -- 5.2.2 Making Industry Codes Legally Enforceable -- 5.2.3 Extension of the Unfair Contract Terms Regime to Insurance Contracts -- 6 Conclusion and Key Lessons for Other Jurisdictions Considering Similar Regulatory Reforms -- References -- Legislation -- Bills and Explanatory Memoranda -- Cases -- Policy Statements and Regulatory Guidelines -- Other Rules -- Memoranda of Understanding -- Official Reports -- Regulatory Reports -- Industry Codes of Practice -- International Principles -- Media Releases -- Media Reports -- Website Links -- Books -- Chapters -- Journal Articles. Business Registration Data as the Best Vehicle to Achieve KYC and AML for Business. |
author_facet |
Marano, Pierpaolo. Noussia, Kyriaki. |
author_variant |
p m pm |
author2 |
Noussia, Kyriaki. |
author2_variant |
k n kn |
author2_role |
TeilnehmendeR |
author_sort |
Marano, Pierpaolo. |
title |
The Governance of Insurance Undertakings : Corporate Law and Insurance Regulation. |
title_sub |
Corporate Law and Insurance Regulation. |
title_full |
The Governance of Insurance Undertakings : Corporate Law and Insurance Regulation. |
title_fullStr |
The Governance of Insurance Undertakings : Corporate Law and Insurance Regulation. |
title_full_unstemmed |
The Governance of Insurance Undertakings : Corporate Law and Insurance Regulation. |
title_auth |
The Governance of Insurance Undertakings : Corporate Law and Insurance Regulation. |
title_new |
The Governance of Insurance Undertakings : |
title_sort |
the governance of insurance undertakings : corporate law and insurance regulation. |
series |
AIDA Europe Research Series on Insurance Law and Regulation Series ; |
series2 |
AIDA Europe Research Series on Insurance Law and Regulation Series ; |
publisher |
Springer International Publishing AG, |
publishDate |
2022 |
physical |
1 online resource (365 pages) |
edition |
1st ed. |
contents |
Intro -- Preface -- AIDA Europe -- Contents -- Part I: The System of Governance of Insurance Undertakings -- Corporate Governance and the So-Called `Four-Eyes Principle ́-- 1 The Corporate Governance Structure -- 2 The Board-Senior Managers Relationship -- 3 The So-Called `Four-Eyes Principle ́-- 4 The Persons Who Effectively Run the Undertaking -- 4.1 In Italy and in France -- 4.2 In Spain and the United Kingdom -- References -- The Risk Management System, the Risk Culture and the Duties of the Insurers ́Directors -- 1 Introduction -- 2 Aim and Research Questions -- 3 The Perimeter of the Risk Management System and the Persons Who Are Responsible for Its Functioning -- 4 Identifying Risk and Managing It -- 5 Importance of Performing and Communicating a Risk Culture Diagnostic -- 6 Conclusion -- References -- The Role of the Compliance Function in the Process of Managing the Risk of Non-Compliance in an Insurance Undertaking -- 1 Introduction -- 2 The Compliance Function in an Insurance Undertaking in the Light of Polish and European Insurance Law and Polish Supervisory... -- 2.1 European Insurance Law -- 2.2 Polish Insurance Law and Supervisory Practice -- 3 Organisation and Tasks of the Compliance Function in the Insurance Undertaking -- 3.1 Tasks and Structure -- 3.2 Responsibility for Irregularities of the Compliance Function -- 3.3 Role of the Compliance Function -- 3.4 Selected Models of Compliance Functions in European Insurance Undertakings -- 3.4.1 PZU Group -- 3.4.2 Generali Group -- 3.4.3 Allianz Group -- 4 Management of the Risk of Non-Compliance in an Insurance Undertaking on the Example of Solutions Existing in Poland -- 4.1 Identification of the Risk of Non-Compliance -- 4.2 Assessment of the Risk of Non-Compliance -- 4.3 Control of the Risk of Non-Compliance -- 4.4 Risk Monitoring. 4.5 Reporting to the Management Board and the Supervisory Board -- 5 Conclusions -- References -- List of Documents -- Insurance Outsourcing: A Legal Analysis -- 1 Introduction -- 2 Definitions of Outsourcing -- 3 Outsourcing Types -- 4 Outsourcing Management -- 5 Legal Aspects of the Outsourcing Contract -- 6 Outsourcing in Insurance Activities -- 6.1 The Legal Regime and the Scope of Financial Outsourcing Under the Solvency II Directive -- 6.2 Outsourcing Rules Applicable to Insurance Undertakings Under the Delegated Regulation -- 6.3 EIOPA -- 6.4 Insurance Outsourcing in Polish Law -- 6.5 Outsourcing and Insurance Intermediation -- 7 EIOPA Guidelines on Outsourcing to Cloud Service Providers-Note -- 8 Final Conclusions -- References -- Remuneration Policies of Insurance Undertakings in Europe: Principles for a Deeply Heterogeneous Reality -- 1 Introduction -- 2 European Regulatory and Supervisory Framework for Remuneration Policies in Insurance Undertakings -- 2.1 European Principles Relating Remuneration Policy and Practices in the Insurance Sector -- 2.2 EIOPAś Perspective on Remuneration in the Insurance Industry -- 2.2.1 Scope -- 2.2.2 Developed Aspects -- 3 Regulatory Framework of Remuneration Policies and Practices in the Banking Sector: Means for Improvement in the Insurance an... -- 3.1 Means for Improvement in the Insurance Sector -- 3.2 A Forward-Looking Approach to Supervision in the Financial Sector as a Whole -- 4 Implementation of European Provisions: Interplay with National Corporate Law -- 4.1 Listed Insurance Companies -- 4.2 National Corporate Law and Implementation Measurements of the Specific Insurance Provisions Towards Remuneration -- 4.2.1 Belgium -- 4.2.2 Germany -- 4.2.3 Italy -- 4.2.4 Spain -- 5 Conclusion -- References -- Corporate Governance Standards for Insurers in Singapore. 1 Introduction: Unique Challenges to Singapore -- 2 Corporate Governance Regimes for Insurers in Singapore: The Two Perspectives -- 2.1 Corporate Governance and Agency Costs for Insurers -- 2.2 Corporate Governance and Regulatory Compliance -- 2.3 Corporate Governance Standards for Insurers Under Singapore Law -- 3 Reflection: Challenges to Singapore as an Insurance Hub -- 3.1 Corporate Governance Practices of Selected Insurers in Singapore -- 3.2 Reflection on the Corporate Governance Standards -- 3.3 Effectiveness of Corporate Governance Regimes in Regulatory Compliance -- 4 Conclusion -- References -- Statutes and Regulations in Singapore -- Part II: Insurance Business and Corporate Law -- Recovery and Resolution of Insurance Companies and Directorś Duties -- 1 Introduction -- 2 State of Play in Insurance -- 3 International and European Context -- 3.1 Financial Stability Board -- 3.2 International Association of Insurance Supervisors -- 3.3 European Context -- 3.4 EIOPA Opinion on the 2020 Review of Solvency II -- 4 A European Recovery and Resolution Framework -- 4.1 Preparatory Measures and Corporate Governance Rules -- 4.1.1 Pre-emptive Measures with Respect to Recovery -- 4.1.2 Pre-emptive Resolution Planning -- 5 Triggers to Place an Insurer or Reinsurer in Resolution and Directorś Duties -- 5.1 Triggers for the Entry Into Recovery and Preventive Measures -- 5.2 Preventive Measures -- 6 Resolution Objectives -- 7 Bail-in Tool in Insurance -- 8 Concluding Remarks -- References -- Restructuring, Winding-Up and Portfolio Transfer of Insurance Companies in Distress -- 1 Introduction -- 2 Restructuring of Insurance Companies Under Company Law -- 2.1 Mergers and Acquisitions and Schemes of Arrangement -- 2.1.1 The Contractual Basis for Reorganisation -- 2.1.2 Schemes of Arrangement -- 2.2 Cross-Border Mergers. 2.2.1 The Directive on Cross-Border Mergers of Limited Liability Companies -- 2.2.2 The Companies (Cross-Border Mergers) Regulations 2007 (No. 2974) -- 2.2.3 The Effect of Brexit -- 2.3 Further Considerations -- 2.3.1 Administration -- 2.3.2 Winding-Up -- 2.3.3 Directorś Duties -- 3 Restructuring of Insurance Companies Under Insurance Law -- 3.1 Insurance Portfolio Transfers -- 3.2 Insurance Portfolio Transfers (Solvency II) -- 3.3 Winding-Up (Solvency II) -- 3.4 Reorganisation Measures (Solvency II) -- 4 Greek Case Study: Aspis Pronia -- 4.1 The Legal Framework -- 4.2 The Case of Aspis Pronia -- 5 Conclusions -- References -- Insurance in MandA Transactions -- 1 Introduction -- 2 Contractual Solutions -- 3 Transactional Insurance -- 3.1 Representations and Warranties Insurance -- 3.2 Tax Liability Insurance -- 3.3 Litigation Buyout Insurance and Contingent Liability Insurance -- 4 Transactional Insurance in MandA Contracting -- 5 Conclusion -- References -- The Algorithmic Future of Insurance Supervision in the EU: A Reality Check -- 1 Introduction -- 2 EIOPA, Its Operating Environment and How EU Principles of Administrative Law Shape Its SupTech Mission -- 2.1 The Conferred Powers Principle -- 2.2 The Subsidiarity Principle -- 2.3 The Proportionality Principle -- 2.4 The Meroni Doctrine -- 3 The EIOPAś Recent Initiatives for the Digital Transformation of Insurance Supervision: An Incomplete Agenda? -- 3.1 Introduction -- 3.2 Origins of EIOPAś SupTech Strategy -- 3.3 Summary -- 4 A Reality Check: What Would It Take to Set Up a Digital System of Regulatory Reporting? -- 4.1 Mapping the Extent of Sophistication of the Technology That Will Be Required for a System of Digital Reporting -- 4.2 The Limited Translatability of the EU Legal Content Into Instructions that Can Be Read and Executed by Machines. 4.3 The Architecture of Regulatory Reporting and Issues of Governance -- 5 Conclusion -- References -- Financial Reporting in Insurance and International Financial Reporting Standards -- 1 Introduction -- 2 The Evolution of the International Financial Reporting Standards -- 3 Evolution of Accounting Rules and Financial Statements for Insurance Companies -- 4 Financial Stability and the Insurance Sector -- 5 Conclusion -- References -- Recent Directions in the Regulation of Insurance Claims Handling in the United Kingdom and Australia: A Model for Other Jurisd... -- 1 Introduction -- 2 International Standards for Regulating the Handling of Insurance Claims -- 3 The Regulation of Insurance Claims Handling in the United Kingdom -- 4 The Evolution of the Australian Legal Framework Relating to Insurance Claims Handling -- 4.1 Australian Insurance Contract Law Relating to Claims Handling -- 4.2 The Powers of the Australian Insurance Industry Regulators -- 4.3 Reviews of Insurance Claims Handling Practices by Australian Regulators -- 5 The 2019 FSRC: Key Findings and Reform Recommendations -- 5.1 FSRC Findings in Relation to Insurance Claims Handling and ASICś Enforcement Practices -- 5.2 FSRC Reform Recommendations -- 5.2.1 Making Insurance Claims Handling a Financial Service -- 5.2.2 Making Industry Codes Legally Enforceable -- 5.2.3 Extension of the Unfair Contract Terms Regime to Insurance Contracts -- 6 Conclusion and Key Lessons for Other Jurisdictions Considering Similar Regulatory Reforms -- References -- Legislation -- Bills and Explanatory Memoranda -- Cases -- Policy Statements and Regulatory Guidelines -- Other Rules -- Memoranda of Understanding -- Official Reports -- Regulatory Reports -- Industry Codes of Practice -- International Principles -- Media Releases -- Media Reports -- Website Links -- Books -- Chapters -- Journal Articles. Business Registration Data as the Best Vehicle to Achieve KYC and AML for Business. |
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9783030858179 9783030858162 |
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K - Law |
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K - General Law |
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K7000-7720 |
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K 47000 47720.22 |
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Electronic books. |
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Electronic books. |
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https://ebookcentral.proquest.com/lib/oeawat/detail.action?docID=6925890 |
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Not Illustrated |
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1306069618 |
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<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>11113nam a22004693i 4500</leader><controlfield tag="001">5006925890</controlfield><controlfield tag="003">MiAaPQ</controlfield><controlfield tag="005">20240229073845.0</controlfield><controlfield tag="006">m o d | </controlfield><controlfield tag="007">cr cnu||||||||</controlfield><controlfield tag="008">240229s2022 xx o ||||0 eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9783030858179</subfield><subfield code="q">(electronic bk.)</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="z">9783030858162</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(MiAaPQ)5006925890</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(Au-PeEL)EBL6925890</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1306069618</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">MiAaPQ</subfield><subfield code="b">eng</subfield><subfield code="e">rda</subfield><subfield code="e">pn</subfield><subfield code="c">MiAaPQ</subfield><subfield code="d">MiAaPQ</subfield></datafield><datafield tag="050" ind1=" " ind2="4"><subfield code="a">K7000-7720.22</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Marano, Pierpaolo.</subfield></datafield><datafield tag="245" ind1="1" ind2="4"><subfield code="a">The Governance of Insurance Undertakings :</subfield><subfield code="b">Corporate Law and Insurance Regulation.</subfield></datafield><datafield tag="250" ind1=" " ind2=" "><subfield code="a">1st ed.</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Cham :</subfield><subfield code="b">Springer International Publishing AG,</subfield><subfield code="c">2022.</subfield></datafield><datafield tag="264" ind1=" " ind2="4"><subfield code="c">©2022.</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 online resource (365 pages)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">computer</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">online resource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">AIDA Europe Research Series on Insurance Law and Regulation Series ;</subfield><subfield code="v">v.6</subfield></datafield><datafield tag="505" ind1="0" ind2=" "><subfield code="a">Intro -- Preface -- AIDA Europe -- Contents -- Part I: The System of Governance of Insurance Undertakings -- Corporate Governance and the So-Called `Four-Eyes Principle ́-- 1 The Corporate Governance Structure -- 2 The Board-Senior Managers Relationship -- 3 The So-Called `Four-Eyes Principle ́-- 4 The Persons Who Effectively Run the Undertaking -- 4.1 In Italy and in France -- 4.2 In Spain and the United Kingdom -- References -- The Risk Management System, the Risk Culture and the Duties of the Insurers ́Directors -- 1 Introduction -- 2 Aim and Research Questions -- 3 The Perimeter of the Risk Management System and the Persons Who Are Responsible for Its Functioning -- 4 Identifying Risk and Managing It -- 5 Importance of Performing and Communicating a Risk Culture Diagnostic -- 6 Conclusion -- References -- The Role of the Compliance Function in the Process of Managing the Risk of Non-Compliance in an Insurance Undertaking -- 1 Introduction -- 2 The Compliance Function in an Insurance Undertaking in the Light of Polish and European Insurance Law and Polish Supervisory... -- 2.1 European Insurance Law -- 2.2 Polish Insurance Law and Supervisory Practice -- 3 Organisation and Tasks of the Compliance Function in the Insurance Undertaking -- 3.1 Tasks and Structure -- 3.2 Responsibility for Irregularities of the Compliance Function -- 3.3 Role of the Compliance Function -- 3.4 Selected Models of Compliance Functions in European Insurance Undertakings -- 3.4.1 PZU Group -- 3.4.2 Generali Group -- 3.4.3 Allianz Group -- 4 Management of the Risk of Non-Compliance in an Insurance Undertaking on the Example of Solutions Existing in Poland -- 4.1 Identification of the Risk of Non-Compliance -- 4.2 Assessment of the Risk of Non-Compliance -- 4.3 Control of the Risk of Non-Compliance -- 4.4 Risk Monitoring.</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">4.5 Reporting to the Management Board and the Supervisory Board -- 5 Conclusions -- References -- List of Documents -- Insurance Outsourcing: A Legal Analysis -- 1 Introduction -- 2 Definitions of Outsourcing -- 3 Outsourcing Types -- 4 Outsourcing Management -- 5 Legal Aspects of the Outsourcing Contract -- 6 Outsourcing in Insurance Activities -- 6.1 The Legal Regime and the Scope of Financial Outsourcing Under the Solvency II Directive -- 6.2 Outsourcing Rules Applicable to Insurance Undertakings Under the Delegated Regulation -- 6.3 EIOPA -- 6.4 Insurance Outsourcing in Polish Law -- 6.5 Outsourcing and Insurance Intermediation -- 7 EIOPA Guidelines on Outsourcing to Cloud Service Providers-Note -- 8 Final Conclusions -- References -- Remuneration Policies of Insurance Undertakings in Europe: Principles for a Deeply Heterogeneous Reality -- 1 Introduction -- 2 European Regulatory and Supervisory Framework for Remuneration Policies in Insurance Undertakings -- 2.1 European Principles Relating Remuneration Policy and Practices in the Insurance Sector -- 2.2 EIOPAś Perspective on Remuneration in the Insurance Industry -- 2.2.1 Scope -- 2.2.2 Developed Aspects -- 3 Regulatory Framework of Remuneration Policies and Practices in the Banking Sector: Means for Improvement in the Insurance an... -- 3.1 Means for Improvement in the Insurance Sector -- 3.2 A Forward-Looking Approach to Supervision in the Financial Sector as a Whole -- 4 Implementation of European Provisions: Interplay with National Corporate Law -- 4.1 Listed Insurance Companies -- 4.2 National Corporate Law and Implementation Measurements of the Specific Insurance Provisions Towards Remuneration -- 4.2.1 Belgium -- 4.2.2 Germany -- 4.2.3 Italy -- 4.2.4 Spain -- 5 Conclusion -- References -- Corporate Governance Standards for Insurers in Singapore.</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">1 Introduction: Unique Challenges to Singapore -- 2 Corporate Governance Regimes for Insurers in Singapore: The Two Perspectives -- 2.1 Corporate Governance and Agency Costs for Insurers -- 2.2 Corporate Governance and Regulatory Compliance -- 2.3 Corporate Governance Standards for Insurers Under Singapore Law -- 3 Reflection: Challenges to Singapore as an Insurance Hub -- 3.1 Corporate Governance Practices of Selected Insurers in Singapore -- 3.2 Reflection on the Corporate Governance Standards -- 3.3 Effectiveness of Corporate Governance Regimes in Regulatory Compliance -- 4 Conclusion -- References -- Statutes and Regulations in Singapore -- Part II: Insurance Business and Corporate Law -- Recovery and Resolution of Insurance Companies and Directorś Duties -- 1 Introduction -- 2 State of Play in Insurance -- 3 International and European Context -- 3.1 Financial Stability Board -- 3.2 International Association of Insurance Supervisors -- 3.3 European Context -- 3.4 EIOPA Opinion on the 2020 Review of Solvency II -- 4 A European Recovery and Resolution Framework -- 4.1 Preparatory Measures and Corporate Governance Rules -- 4.1.1 Pre-emptive Measures with Respect to Recovery -- 4.1.2 Pre-emptive Resolution Planning -- 5 Triggers to Place an Insurer or Reinsurer in Resolution and Directorś Duties -- 5.1 Triggers for the Entry Into Recovery and Preventive Measures -- 5.2 Preventive Measures -- 6 Resolution Objectives -- 7 Bail-in Tool in Insurance -- 8 Concluding Remarks -- References -- Restructuring, Winding-Up and Portfolio Transfer of Insurance Companies in Distress -- 1 Introduction -- 2 Restructuring of Insurance Companies Under Company Law -- 2.1 Mergers and Acquisitions and Schemes of Arrangement -- 2.1.1 The Contractual Basis for Reorganisation -- 2.1.2 Schemes of Arrangement -- 2.2 Cross-Border Mergers.</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">2.2.1 The Directive on Cross-Border Mergers of Limited Liability Companies -- 2.2.2 The Companies (Cross-Border Mergers) Regulations 2007 (No. 2974) -- 2.2.3 The Effect of Brexit -- 2.3 Further Considerations -- 2.3.1 Administration -- 2.3.2 Winding-Up -- 2.3.3 Directorś Duties -- 3 Restructuring of Insurance Companies Under Insurance Law -- 3.1 Insurance Portfolio Transfers -- 3.2 Insurance Portfolio Transfers (Solvency II) -- 3.3 Winding-Up (Solvency II) -- 3.4 Reorganisation Measures (Solvency II) -- 4 Greek Case Study: Aspis Pronia -- 4.1 The Legal Framework -- 4.2 The Case of Aspis Pronia -- 5 Conclusions -- References -- Insurance in MandA Transactions -- 1 Introduction -- 2 Contractual Solutions -- 3 Transactional Insurance -- 3.1 Representations and Warranties Insurance -- 3.2 Tax Liability Insurance -- 3.3 Litigation Buyout Insurance and Contingent Liability Insurance -- 4 Transactional Insurance in MandA Contracting -- 5 Conclusion -- References -- The Algorithmic Future of Insurance Supervision in the EU: A Reality Check -- 1 Introduction -- 2 EIOPA, Its Operating Environment and How EU Principles of Administrative Law Shape Its SupTech Mission -- 2.1 The Conferred Powers Principle -- 2.2 The Subsidiarity Principle -- 2.3 The Proportionality Principle -- 2.4 The Meroni Doctrine -- 3 The EIOPAś Recent Initiatives for the Digital Transformation of Insurance Supervision: An Incomplete Agenda? -- 3.1 Introduction -- 3.2 Origins of EIOPAś SupTech Strategy -- 3.3 Summary -- 4 A Reality Check: What Would It Take to Set Up a Digital System of Regulatory Reporting? -- 4.1 Mapping the Extent of Sophistication of the Technology That Will Be Required for a System of Digital Reporting -- 4.2 The Limited Translatability of the EU Legal Content Into Instructions that Can Be Read and Executed by Machines.</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">4.3 The Architecture of Regulatory Reporting and Issues of Governance -- 5 Conclusion -- References -- Financial Reporting in Insurance and International Financial Reporting Standards -- 1 Introduction -- 2 The Evolution of the International Financial Reporting Standards -- 3 Evolution of Accounting Rules and Financial Statements for Insurance Companies -- 4 Financial Stability and the Insurance Sector -- 5 Conclusion -- References -- Recent Directions in the Regulation of Insurance Claims Handling in the United Kingdom and Australia: A Model for Other Jurisd... -- 1 Introduction -- 2 International Standards for Regulating the Handling of Insurance Claims -- 3 The Regulation of Insurance Claims Handling in the United Kingdom -- 4 The Evolution of the Australian Legal Framework Relating to Insurance Claims Handling -- 4.1 Australian Insurance Contract Law Relating to Claims Handling -- 4.2 The Powers of the Australian Insurance Industry Regulators -- 4.3 Reviews of Insurance Claims Handling Practices by Australian Regulators -- 5 The 2019 FSRC: Key Findings and Reform Recommendations -- 5.1 FSRC Findings in Relation to Insurance Claims Handling and ASICś Enforcement Practices -- 5.2 FSRC Reform Recommendations -- 5.2.1 Making Insurance Claims Handling a Financial Service -- 5.2.2 Making Industry Codes Legally Enforceable -- 5.2.3 Extension of the Unfair Contract Terms Regime to Insurance Contracts -- 6 Conclusion and Key Lessons for Other Jurisdictions Considering Similar Regulatory Reforms -- References -- Legislation -- Bills and Explanatory Memoranda -- Cases -- Policy Statements and Regulatory Guidelines -- Other Rules -- Memoranda of Understanding -- Official Reports -- Regulatory Reports -- Industry Codes of Practice -- International Principles -- Media Releases -- Media Reports -- Website Links -- Books -- Chapters -- Journal Articles.</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">Business Registration Data as the Best Vehicle to Achieve KYC and AML for Business.</subfield></datafield><datafield tag="588" ind1=" " ind2=" "><subfield code="a">Description based on publisher supplied metadata and other sources.</subfield></datafield><datafield tag="590" ind1=" " ind2=" "><subfield code="a">Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries. </subfield></datafield><datafield tag="655" ind1=" " ind2="4"><subfield code="a">Electronic books.</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Noussia, Kyriaki.</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Print version:</subfield><subfield code="a">Marano, Pierpaolo</subfield><subfield code="t">The Governance of Insurance Undertakings</subfield><subfield code="d">Cham : Springer International Publishing AG,c2022</subfield><subfield code="z">9783030858162</subfield></datafield><datafield tag="797" ind1="2" ind2=" "><subfield code="a">ProQuest (Firm)</subfield></datafield><datafield tag="830" ind1=" " ind2="0"><subfield code="a">AIDA Europe Research Series on Insurance Law and Regulation Series</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://ebookcentral.proquest.com/lib/oeawat/detail.action?docID=6925890</subfield><subfield code="z">Click to View</subfield></datafield></record></collection> |