Economics and Business Review

ISSN 2392-1641
e-ISSN 2450-0097

Poznań University of Economics - Poland

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Volume 1 (15) Number 3 pp. 5-19

Jan Monkiewicz1, Lech Gąsiorkiewicz1, Marek Monkiewicz2

1Warsaw University of Technology, Faculty of Management, Warsaw, Poland.
2
Warsaw University, Faculty of Management, Warsaw, Poland.

The changing architecture of the safety net in insurance worldwide: post crisis developments

Abstract:

This aim of this paper is to explain the safety net of the insurance sectorunderstood as the total means which ensure the safety of the insurance markets and their customers and how it has been heavily affected by recent regulatory initiatives. The paper then provides a review and analysis of the directions of the evolution of the architecture safety net in insurance as compared to banking. Special attention is paid to macroprudential supervision which is believed to constitute a major regulatory innovation in the aftermath of the recent global financial crisis. Additionally new restructuring and resolution concepts and tools are discussed. Particular attention is focused on Global Systemically Important Insurers (G-SII’s) which are the focus of safety net regulation and which provide a regulatory impetus for the remaining part of the industry.

pub/2015_3_5.pdf Full text available in in Adobe Acrobat format:
http://www.ebr.edu.pl/volume15/issue3/2015_3_5.pdf
Keywords:

DOI: 10.18559/ebr.2015.3.2

For citation:

MLA Monkiewicz, Jan, et al. "The changing architecture of the safety net in insurance worldwide: post crisis developments." Economics and Business Review EBR 15.3 (2015): 5-19. DOI: 10.18559/ebr.2015.3.2
APA MonkiewiczJ.,, L., G., & M., M. (2015). The changing architecture of the safety net in insurance worldwide: post crisis developments. Economics and Business Review EBR 15(3), 5-19 DOI: 10.18559/ebr.2015.3.2
ISO 690 MONKIEWICZ, Jan, GąSIORKIEWICZ, Lech, MONKIEWICZ, Marek. The changing architecture of the safety net in insurance worldwide: post crisis developments. Economics and Business Review EBR, 2015, 15.3: 5-19. DOI: 10.18559/ebr.2015.3.2