When Insurers Go Bust is popular PDF and ePub book, written by Guillaume Plantin in 2016-06-28, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, When Insurers Go Bust can be Read Online from any device for your convenience.
When Insurers Go Bust Book PDF 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 the solvency of insurance companies: policyholders are the "bankers" of insurance companies. But because policyholders are too dispersed to effectively monitor insurers, it might be efficient to delegate monitoring to an institution--a prudential authority. Applying recent developments in corporate finance theory and the economic theory of organizations, the authors describe in practical terms how such authorities could be created and given the incentives to behave exactly like bankers behave toward borrowers, as "tough" claimholders.
Detail Book of When Insurers Go Bust PDF
- Author : Guillaume Plantin
- Release : 28 June 2016
- Publisher : Princeton University Press
- ISBN : 9780691170985
- Genre : Business & Economics
- Total Page : 111 pages
- Language : English
- PDF File Size : 11,7 Mb
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