Full Description
This book analyses the methodologies and functions of a systemic approach to risk governance and internal control capable of tackling the complexity of the insurance business. It focuses on the main trends currently impacting the insurance industry, characterized by new operators, new products and services, new tools, new styles of competition, and new risks. It provides tips and empirical contributions addressing the role of sound internal control and risk management models within an ongoing revision of prudential regulation to better deal with the evolving scenario where insurance activities are becoming increasingly risky and complex. The book is of particular interest to scholars and students of insurance and financial services and practitioners in the insurance industry.
Contents
Chapter 1. Introduction.- Chapter 2. Risks and control of insurance undertakings.- Chapter 3. A systemic approach to risk governance in the insurance sector.- Chapter 4. Risk governance in the second pillar of Solvency II.- Chapter 5. The evolving risk landscape: impact on internal control and external regulation.- Chapter 6. The assessment of the internal control system
