Corporate Governance in the European Insurance Industry
Corporate scandals at the beginning of the 2000s and the recent global financial crisis have renewed the attention of academics,
regulators and practitioners to agency problems and possible solutions in the financial sector. Since that time, much thought has
been given to new regulations and international corporate governance standards, in an attempt to guarantee prudent and sound
financial management.
While much of this thought has been focussed on the banking sector, Corporate Governance in the European Insurance Industry
provides a unique perspective on the subject, focusing on the insurance industry and asking some important theoretical and practical
questions. Are insurance companies systemically relevant, and does the existing regulation provide adequate protection for customers
and guarantee financial stability? Is regulatory intervention consistent with economic and financial theories? And crucially, is this
intervention consistent with empirical evidence of the behaviour and performance of insurance companies? The first part of this book
provides the reader with a comprehensive review of current academic studies on the topic, the second part moves on to examine the
regulation of corporate governance and its recent evolution after the global financial crisis.
Within a context of vivid debate in the financial services industry, the issues explored in this book will be of value to anyone with an
interest in insurance corporate governance and regulation. It is also a key source of research for academics in insurance and finance,
as well as PhD students and post-graduate students in relevant subjects.
