Global Perspectives on Insurance Today

Part I. Global Overview of Insurance/Reinsurance Regulations

1. Expansion, Contraction, Consolidation, and Regulation
Patricia Guinn

2. The Future of International Insurance Supervision in Light of the Financial Crisis
Michel Flamée, Paul Windels

3. Improving Regulatory Capital Requirements: Developments in the United States
Therese M. Vaughan

4. Solvency II: A Balancing Act
Pamela Schuermans

5. Solvency II: A New Regulatory Frontier
Paul Sharma, Paolo Cadoni

6. The Move to Market Consistent Reporting for Insurers
Mark Freedman, Douglas French, Tara Hansen, Therese Masiello

7. Toward a Global Approach to Regulating Insurers and Reinsurers
Raj Singh

8. Toward Global Reinsurance Regulation
Debra J. Hall, Jérôme Berset

9. Evolution of Insurance Group Supervision
Monica Mächler

10. The Role of Financial Conglomerates in the Globalization of Financial Services: Regulatory Complexities and the European Perspective
Michel Flamée, Paul Windels

11. The Architecture of Group Supervision
John Trowbridge

12. The IAIS Multilateral Memorandum of Understanding: An Important Tool for Cooperation and Information Exchange between Insurance Supervisors
Peter Braumüller, Alexander Warzilek

13. Uniform Treatment of Creditors’ Rights: Fundamental to Global Insurance and Reinsurance Regulatory Advances
Peter Ivanick, Lynn Roberts

Part II. Industry Governance and Risk Management

14. Corporate Governance and Risk Management in the Insurance and Reinsurance Industries
Cecelia Kempler

15. Aggregating Global Risks Arising from Regulatory Disparities
Jerry M. St. Paer, Michael E. Mathisen

16. Risk Culture
Prakash Shimpi, Heike Klappach

17. Incorporating Capital Requirements in Risk Management
Stephen P. Lowe

18. Securitization and Insurance
Marcelo Ramella

19. Structuring Catastrophe Bonds: A Functionalist Perspective
John Schwolsky, Matthew Stern

20. Growth and Diversification of the Captive Insurance Market
Peter Neville

Part III. Global Insurance Markets

21. Past, Present, and Future Insurance Markets and Regulations in China
Dongmei Chen, Xian Xu

22. Financial Services Firms in India: The Road Ahead and the Challenges
Anita Pennathur

23. Insurance Underutilization in Emerging Economies: Causes and Barriers
Rodolfo Francisco Wehrhahn

Avainsanat: Finance, Financial Accounting, International Business, International Economics, Accounting/Auditing, Insurance, Globalization