Abstract:
Disintermediation with respect to the transfer of insurance risk is still very much a market in development, unlike in banking where risk transfer to the capital markets through securitization has become a widely used financial technique. Reinsurance will continue to play a dominant role, but gradually we see how innovative securitization instruments are brought to the market, in non-life and in life. The main issues to overcome to make securitization a more widely used financial technique are the lack of transparency and consistency in modelling insurance risks. Enhanced standardization and liquidity will be crucial for the success of insurance risk securitization. The Geneva Papers (2007) 32, 35–41. doi:10.1057/palgrave.gpp.2510114
Related works: This item may be available elsewhere in EconPapers: Search for items with the same title.
Ordering information: This journal article can be ordered from Palgrave Macmillan Journals, Subscription Department, Houndmills, Basingstoke, Hampshire RG21 6XS, UK http://www.palgrave- ... subscribe/index.html