Biggs / Richardson Modernizing Insurance Regulation

1. Auflage 2014
ISBN: 978-1-118-75884-7
Verlag: John Wiley & Sons
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 304 Seiten, E-Book

Reihe: Wiley Finance Editions

The future of the insurance regulation begins now
For those involved with the insurance industry, from investmentprofessionals to policy makers, and regulators to legislators,tremendous change is coming. With insurance premiums constitutingan ever-growing portion of annual U.S. GDP and provisions of theDodd-Frank Act specifically calling for modernization of insuranceregulations, the issues at hand are pervasive. In ModernizingInsurance Regulation, these issues are described against abackdrop of the political and industry discussions that surroundinsurance, regulation, and systemic risk. Experts Viral V. Acharyaand Matthew Richardson discuss a variety of issues with topthinkers in the fields of finance, derivatives, credit risk, andbanking to bring to light the most germane elements of this ongoingdiscussion.
In Modernizing Insurance Regulation, Acharya andRichardson call on the expertise of all the relevant stakeholderswithin government, academia, and industry to offer a well-roundedand independent view of insurance regulation and how the evolutionof this key industry affects the U.S. economy now and in thefuture.
* Provides an overview of the feasibility of maintaining astate-level regulatory structure
* Offers a view of the issues from top academics, industryleaders, and state regulators
* Explores the debate surrounding the insurance industry andsystemic risk
* Provides an in-depth look at upcoming changes under theDodd-Frank Act
Modernizing Insurance Regulation provides a look into thecrucial changes coming to insurance regulation and an overview ofhow those changes will affect almost everyone.

Autoren/Hrsg.

Biggs, John H.

Richardson, Matthew P.

Inhaltsverzeichnis

Preface
Acknowledgments
Chapter 2: Life Insurance's Importance to AmericanFamilies and Industry's Concern about Regulation (DirkKempthorne)
Chapter 3: Why Insurance Needs a Federal Regulator Option(Roger W. Ferguson, Jr.)
Chapter 4: Observations on Insurance Regulation -Uniformity, Efficiency, and Financial Stability (Therese M.Vaughan)
Chapter 5: Lessons Learned from AIG for ModernizingInsurance Regulation (Eric R. Dinallo)
Chapter 6: Assessing the Vulnerability of the U.S. LifeInsurance Industry (Anna Paulson, Thanases Plestis, Richard Rosen,Robert McMenamin and Zain Mohey-Dean)
Appendix 6A: Details on Estimating Asset Risk
Chapter 7: Systemic Risk and Regulation of the U.S.Insurance Industry (J. David Cummins and Mary A. Weiss)
Chapter 8: Designation and Supervision of Insurance SIFIs(Scott E. Harrington and Alan B. Miller)
Chapter 9: Is the Insurance Industry Systemically Risky?(Viral V Acharya and Matthew Richardson¯1)
Chapter 10: Modernizing the Safety Net for InsuranceCompanies (John H. Biggs)
Chapter 11: Policyholder Protection in the Wake of theFinancial Crisis (Peter G. Gallanis)
Appendix 11A: The Critical Role of "PromptCorrective Action"
Appendix 11B: Table of Relevant Guaranty Association CoverageLevels by State
As of September 19, 2013 (Subject to Change)
Chapter 12: Comparative Regulation of MarketIntermediaries: Insights from the Indian Life Insurance Market(Santosh Anagol (Wharton), Shawn Cole (Harvard Business School),and Shayak Sarkar (Harvard University))
About the Authors
About the Website
Index

Über Autor(innen)

JOHN H. BIGGS is the former Chair and CEO of TIAA-CREF,one of the largest national insurance companies in the U.S., and anExecutive in Residence at New York University.
MATTHEW P. RICHARDSON is the Charles E. Simon Professorof Applied Financial Economics at New York University Stern Schoolof Business. He is the co-editor of Restoring FinancialStability and Regulating Wall Street.