The Architecture of Insurance Supervision Before and after the Financial Crisis
29 Pages Posted: 1 Aug 2010 Last revised: 20 Nov 2010
Date Written: 2010
Which is the current state of the insurance supervision architectures? The recent financial crisis has forcefully demonstrated that the financial services markets are deeply integrated, requiring an integrated supervisory approach. How is insurance supervision integrated into the overall regulatory setting? This work wishes to answer this question by proposing an index of sectoral integration - the Integration in Insurance Supervision Index - which is applied based on a large and updated database of the national supervisory settings (102 countries for the period 1998-2009). Furthermore the results are used to evaluate the proposed reforms in the European Union (EU) and the US.
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