Overview
- A study in economics
- with a focus on insurance regulation
- Includes supplementary material: sn.pub/extras
Part of the book series: BestMasters (BEST)
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Table of contents (6 chapters)
Keywords
About this book
Fabian Regele examines the appropriateness of the current regulatory treatment and the general suitability of unlisted infrastructure equity investments for the investment purposes of insurance companies. The employed valuation model of a stylized infrastructure asset delivers sound economic results and is consistent with the typical J-curve effect of the cumulative cash flows of these assets. In the context of a portfolio optimization, the infrastructure asset improves the insurance company’s solvency situation by lowering its default probability and increasing its solvency ratio. In regard to the asset’s risk contribution, there is a time-variant occurrence of certain risk channels during its lifecycle that leads to substantial differences in the risk exposure of the insurance company.
Authors and Affiliations
About the author
Fabian Regele is a research assistant and doctoral student at the International Center for Insurance Regulation of the Goethe University Frankfurt. His research primarily focuses on insurance regulation and systemic risk of financial institutions.
Bibliographic Information
Book Title: Infrastructure Investments
Book Subtitle: Regulatory Treatment and Optimal Capital Allocation Under Solvency II
Authors: Fabian Regele
Series Title: BestMasters
DOI: https://doi.org/10.1007/978-3-658-20164-7
Publisher: Springer Gabler Wiesbaden
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: Springer Fachmedien Wiesbaden GmbH 2018
Softcover ISBN: 978-3-658-20163-0Published: 27 November 2017
eBook ISBN: 978-3-658-20164-7Published: 16 November 2017
Series ISSN: 2625-3577
Series E-ISSN: 2625-3615
Edition Number: 1
Number of Pages: XIII, 82
Number of Illustrations: 4 b/w illustrations, 3 illustrations in colour
Topics: Insurance, Investments and Securities, Risk Management