Reinsurance Regulation: A Contemporary and Comparative Study

In a detailed and cogent analysis of what an effective regulatory regime for reinsurance must entail, the author examines such factors as the following:

• direct supervision of reinsurers versus supervision of reinsurance policies
• models from developed countries (US, UK, EU) and international organisations (Organization for Economic Cooperation and Development, International Association of Insurance Supervisors)
• the importance of taking legal and economic differences into account while applying models
• the problem of local protectionism, especially in developing countries
• the dismantling of trade barriers in the reinsurance industry
• global harmonization of reinsurance regulation
• the role of reinsurance intermediaries
• finite risk reinsurance
• insurance-linked securities.

  The author's concluding chapter presents an essential legal infrastructure that allows for efficiency, security, and individual market characteristics. Professor Wang then applies this framework to the Taiwanese insurance market, demonstrating convincingly how his proposed regime can solve specific problems while respecting Taiwan's distinct market environment. As a meticulously considered appraisal of, and solution to, a world problem that is growing quickly and uncontrollably, Reinsurance Regulation will be of immense value to lawyers, professors, academics, and officials who deal with any facet of economic law.