Global Perspectives on Insurance Today A Look at National Interest versus Globalization

by Kempler, Cecelia; Flamée, Michel; Yang, Charles; Windels, Paul

• ISBN13: 9780230104778
• ISBN10: 0230104770
• Format: Hardcover
• Copyright: 2010-11-15
• Publisher: Palgrave Macmillan

Summary

Many risks face the global insurance industry today, including the aging populations of developed countries, competition from other financial institutions, and both disparate and quickly changing regulatory demands, to name a few. The book's contributors offer their unique perspectives on challenges confronting the insurance industry and how attendant risks can be most effectively managed.

Author Biography

Cecelia Kempler is Director of the Barry Kaye School of Finance, Insurance and Economics at Florida Atlantic University. Michel Flame is the Vice-President of the Banking, Finance, and Insurance Commission of Belgium; after having chaired the Executive Committee of the International Association of Industries Supervisors, he is currently Chair of its Audit Committee; he is also Chair of the Peer Review Panel of CEIOPS. Charles C. Yang is Assistant Professor at the Barry Kaye School of Finance, Insurance and Economics at Florida Atlantic University. Paul Windels is Auditor at the Banking, Finance, and Insurance Commission of Belgium and Assistant Professor in Finance and Risk Management at the Hogeschool-Universiteit Brussel.

Table of Contents

Introduction * Overview of Industry Contraction, Expansion and Consolidation * The Role of Financial Conglomerates in Globalization of Financial Services * Improving Regulatory Capital Requirements * Reinsurance and Alternative Markets * Structuring Adequate Risk Management and Corporate Governance * Special Market Issues * Globalization Strategic Planning