Compendium of Publications - The Geneva Association

Special Reports, Monographs,
Books and Co-publications
Special reports and monographs
Insurance and Resolution in Light of the
Systemic Risk Debate—A contribution to the
financial stability discussion in insurance
The Geneva Association, February 2012
Company failures are at the heart of the systemic risk discussions
and are occupying the minds of many regulators, supervisors
and policymakers the world over. Much of the discussion is
centred around banking and the most recent experience during
the financial crisis. Experts realise how much damage failures
in banking often create and how quickly they can generate
a systemic threat and consequently an immediate need for
substantial and very expensive government interventions. The
picture in insurance is much less clear to many of those experts.
And while historically no insurance failure ever created a
systemic financial crisis, the issue of recovery and resolution in
insurance demands special attention and careful analysis: How
do these processes work specifically in insurance and how do
they relate to the systemic risk discussions and possible new
financial services regulation?
Building on the first three reports of The Geneva Association
on financial stability, this report examines the existing features
of recovery and resolution mechanisms in insurance and their
relation to ongoing international supervisory and regulatory
discussions on systemic risks. It also proposes recommendations
for possible measures to increase the existing resilience of
financial systems.
Insurance Regulation—Reflections for a Post-
Crisis World
The Geneva Association, January 2012
Financial regulation is complex and has a profound impact
on the way capital markets and financial systems operate. But
regulation is always heavily influenced by political and social
factors, and reflects the interests of a variety of stakeholders.
Insurance and Resolution in Light
of the Systemic Risk Debate
A contribution to the financial stability discussion in insurance
February 2012
Insurance Regulation
Reflections for a Post-Crisis World
January 2012
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