Reinsurance Regulation: A Contemporary and Comparative Study: 25 (International Banking, Finance and Economic Law, Volume 25) - Hardcover

Hsin-Chun Wang, Wallace

Hardcover

ISBN 10: 904119889X ISBN 13: 9789041198891

Verlag: Kluwer Law International, 2003

Über diesen Titel

Reseña del editor:

We seem to be living at a time when insurance is strained to the breaking point. From hurricanes and earthquakes to terrorist attacks and threats of nuclear devastation, enormous risks to life and property; and accompanying liabilities; proliferate on an unprecedented scale. Insurer insolvency is not yet common, but it is not unusual either. And at the root of such failures often lies the compound failure of uncollectable reinsurance. This important book proposes that a significant part of the emerging insurance crisis results from inadequate regulation of reinsurance.

In a detailed and cogent analysis of what an effective regulatory regime for reinsurance must entail, the author examines such factors as the following:

direct supervision of reinsurers versus supervision of reinsurance policies

models from developed countries (US, UK, EU) and international organisations (Organization for Economic Cooperation and Development, International Association of Insurance Supervisors)

the importance of taking legal and economic differences into account while applying models

the problem of local protectionism, especially in developing countries

the dismantling of trade barriers in the reinsurance industry

global harmonization of reinsurance regulation

the role of reinsurance intermediaries

finite risk reinsurance

insurance-linked securities.

The author's concluding chapter presents an essential legal infrastructure that allows for efficiency, security, and individual market characteristics. Professor Wang then applies this framework to the Taiwanese insurance market, demonstrating convincingly how his proposed regime can solve specific problems while respecting Taiwan's distinct market environment. As a meticulously considered appraisal of, and solution to, a world problem that is growing quickly and uncontrollably, Reinsurance Regulation will be of immense value to lawyers, professors, academics, and officials who deal with any facet of economic law.

Über diese Auflage

• Verlag: Kluwer Law International
• Erscheinungsdatum: 2003
• ISBN 10: 904119889X
• ISBN 13: 9789041198891
• Einband: Tapa dura
• Anzahl der Seiten: 244