When Insurers Go Bust : : An Economic Analysis of the Role and Design of Prudential Regulation / / Guillaume Plantin, Jean-Charles Rochet.

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...

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Superior document:Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Backlist 2000-2013
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Place / Publishing House:Princeton, NJ : : Princeton University Press, , [2009]
©2007
Year of Publication:2009
Edition:Course Book
Language:English
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Physical Description:1 online resource (112 p.)
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Table of Contents:
  • Frontmatter
  • Contents
  • Foreword
  • Acknowledgements
  • 1. Introduction
  • 2. Four Recent Cases of Financially Distressed Insurers
  • 3. The State of the Art in Prudential Regulation
  • 4. Inversion of the Production Cycle and Capital Structure of Insurance Companies
  • 5. Absence of a Tough Claimholder in the Financial Structure of Insurance Companies and Incomplete Contracts
  • 6. How to Organize the Regulation of Insurance Companies
  • 7. The Role of Reinsurance
  • 8. How Does Insurance Regulation Fit within Other Financial Regulations?
  • 9. Conclusion: Prudential Regulation as a Substitute for Corporate Governance
  • References