Insurance: Just Part of the Financial Sector? [17]

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Bullet points include: (Increasing?) blurring also exists elsewhere in financial sector, e.g. Unit-linked insurers vs. UCITS vs. ETFs vs. some bank retail structured products. Life insurers vs. pension funds, both potentially providing liquidity / loans to third parties if bank funding unavailable. Asset managers and money market funds. Non-life insurers vs. PI clubs vs. self insurance vs. finite reinsurance vs. catastrophe bonds vs. CDS. Usually attention focuses on main role within capital markets. Agency vs. principal, access to exchanges and primary dealers. But if regulators encourage firms to invest heavily in risk management (c.f. Solvency II?) then perhaps we should expect them to try to use this expertise in new pastures (c.f. investment banks?)

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