Abstract
There is a general agreement that insurance supervision is a fundamental requirement for the sound development of insurance activities. The principle of State intervention has been adopted in almost all countries but it would not be realistic to expect a general agreement on the methods or extent of State intervention. This chapter reviews the principle and methods of insurance regulation.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Suggestion for Additional Reading
International Association of Insurance Supervisors, Supervision of Insurance Operations, Guernsey Financial Services Commission, 1996.
References
Benston, G.J. and G.G. Kaufman, Risk and Solvency Regulation in Depository Institutions, New York: New York University, Monograph Series in Finance and Economics, 1988.
Bryant, R.C., International Financial Intermediation, Washington,D.C.: The Brookings Institution, 1987.
Finsinger, J. and M.V. Pauly (Eds.), The Economics of Insurance Regulation, London: MacMillan Press, 1986.
Kane, E.J., “Impact of Regulation on Economic Behavior,” The Journal of Finance, vol. 36, 1981, pp. 355–367.
Kane, E.J., “Policy Implications of Structural Changes in Financial Markets,” American Economic Review, vol. 73, 1983, pp. 96–100.
Kimball, S.L. and H.S. Denenberg, Insurance, Government and Social Policy, Homewood, Illinois: Richard D. Irwin, Inc., 1969.
Kopcke, R.W. and R.E. Randall (Eds.), The Financial Condition and Regulation of Insurance Companies, Federal Reserve Bank of Boston, Conference Series no. 35, 1991.
Meier, K.J., The Political Economy of Regulation: The Case of Insurance, Albany, NY: State University of New-York Press, 1988.
Patrick, H., “Financial Development and Economic Growth in Underdeveloped Countries,” Economic Development and Cultural Change, vol. 14, Jan. 1966, pp. 174–189.
Peltzman, S., “Towards a More General Theory of Regulation,” Journal of Law and Economics, vol. 19, August 1976, pp. 211–240.
Posner, R.A., “Theories of Economic Regulation,” Bell Journal of Economics and Management Science, vol. 5, Autumn 1974, pp. 337–352.
Stigler, G.J., “The Theory of Economic Regulation,” Bell Journal of Economics and Management Science, vol. 2, Spring 1971, pp. 3–21.
UNCTAD, Reinsurance Security, Geneva: United Nations,TD/B/C.3/221, 1987.
UNCTAD, The Role of Reinsurance Brokers in Developing Countries, Geneva: United Nations, TD/B/C.3/228, 1989.
UNCTAD, Issues of Insurance Regulation and Supervision Relevant for Developing Countries, Geneva: United Nations, May 1994.
Rights and permissions
Copyright information
© 1998 Springer Science+Business Media New York
About this chapter
Cite this chapter
Outreville, J.F. (1998). Supervision of Insurance Operations. In: Theory and Practice of Insurance. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-6187-3_16
Download citation
DOI: https://doi.org/10.1007/978-1-4615-6187-3_16
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4613-7836-5
Online ISBN: 978-1-4615-6187-3
eBook Packages: Springer Book Archive