Abstract

http://ssrn.com/abstract=1523983
 


 



International Insurance Society Roundtable on Risk Management after the Crisis


Geoffrey Bell


Geoffrey Bell and Company

Prem Watsa


affiliation not provided to SSRN

Bijan Khosrowshahi


affiliation not provided to SSRN

Brian Duperreault


affiliation not provided to SSRN

Nikolaus Von Bomhard


affiliation not provided to SSRN


Journal of Applied Corporate Finance, Vol. 21, Issue 4, pp. 28-51, Fall 2009

Abstract:     
In this roundtable, an adviser to several central banks and founding member of the Group of 30 discusses regulatory reform and corporate risk management strategies with senior executives from three of the world's largest insurance companies. Much of the discussion attempts to explain why insurance and reinsurance companies have proven less vulnerable to the crisis than commercial and investment banks. Part of the explanation has to do with their financial conservatism, which is attributed to a habitual tendency to decision-making that gives heavy weight to long-term probabilities and risks. But along with this “actuarial” cast of mind is a growing willingness to accept and make use of risk-based capital requirements - a decision-making framework that is, in some respects, in conflict with the accounting and regulatory capital conventions that still prevail in the industry. In particular, “Solvency II” - the risk-based capital guidelines that are set for adoption in 2012 by insurers in the European Union - is held up as a possible model for global use.

Number of Pages in PDF File: 25

Accepted Paper Series


Date posted: December 16, 2009  

Suggested Citation

Bell, Geoffrey and Watsa, Prem and Khosrowshahi, Bijan and Duperreault, Brian and von Bomhard, Nikolaus, International Insurance Society Roundtable on Risk Management after the Crisis. Journal of Applied Corporate Finance, Vol. 21, Issue 4, pp. 28-51, Fall 2009. Available at SSRN: http://ssrn.com/abstract=1523983 or http://dx.doi.org/10.1111/j.1745-6622.2009.00248.x

Contact Information

Geoffrey Bell (Contact Author)
Geoffrey Bell and Company
New York, NY
United States
Prem Watsa
affiliation not provided to SSRN
No Address Available
Bijan Khosrowshahi
affiliation not provided to SSRN
No Address Available
Brian Duperreault
affiliation not provided to SSRN
No Address Available
Nikolaus Von Bomhard
affiliation not provided to SSRN
No Address Available
Feedback to SSRN


Paper statistics
Abstract Views: 288
Downloads: 1

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo4 in 0.313 seconds