Modernizing U.S. insurance regulation and the role of global reinsurance markets
Author(s)
Bibliographic Information
Modernizing U.S. insurance regulation and the role of global reinsurance markets
（Government procedures and operations）
Nova Science, c2016
Available at 1 libraries
Description and Table of Contents
Description
The insurance sector is a significant part of the U.S. economy (with one estimate putting it at 7 percent of GDP) and an essential asset protection tool for American families and businesses. This book details strengths and weaknesses of current insurance regulatory systems (prudential and marketplace), providing considerations for determining where and how to modernize, and offering a way forward to increase the effectiveness of insurance oversight in the United States. Insurers operating in the United States rely on reinsurers, both foreign and domestic, to support the issuance of new policies, to minimize fluctuations in loss experience, and to limit and diversify individual and portfolio risks, particularly in the case of catastrophes and natural disasters. This book also summarizes the history of reinsurance as a product and an industry, and outlines the various important functions of reinsurance. The book emphasizes that global reinsurers are vital to U.S. insurers and thus important for the general economic prosperity of the United States, including through enhanced availability and affordability of insurance.
Table of Contents
- Preface
- How to Modernize & Improve the System of Insurance Regulation in the United States
- The Breadth & Scope of the Global Reinsurance Market & the Critical Role Such Market Plays in Supporting Insurance in the United States
- Index.
by "Nielsen BookData"