While some policy analysts have suggested that the presence of systemic risk among insurers necessitates changing the governmental level at which all insurers are regulated, a brief by Martin F. Grace, a Georgia State law and risk management professor for a group of iinsurance ndustry leaders, regulators and lawmakers, suggests otherwise.
Rather “that success is more likely attributable to the fact that insurers differ from banks. A demand for financial innovation by banks which help them to fix their asset-liability maturity mismatch though securitization did not exist in insurance.” Grace said in anb Insurance Journal article published May 21, 2010. Read more: http://www.insurancejournal.com/news/national/2010/05/21/110067.htm#ixzz0oqi9TUY3
Risky Business: Insurance Markets and Regulation – Hardcover, Paperback, eBook (2013)
Leave a Reply