保险监管：对后危机世界的反思

The Geneva Association(The International Associationfor the Study of Insurance Economics)The Geneva Association is the leading international insurance think tank for strategically important insuranceThe Geneva Association identifies fundamental trends and strategic issues where insurance plays a substantialrole or which influence the insurance sector. Through the development of research programmes, regularpublications and the organisation of international meetings, The Geneva Association serves as a catalyst forprogress in the understanding of risk and insurance matters and acts as an information creator and disseminator.It is the leading voice of the largest insurance groups worldwide in the dialogue with international institutions.In parallel, it advances—in economic and cultural terms—the development and application of risk managementand the understanding of uncertainty in the modern economy.The Geneva Association membership comprises a statutory maximum of 90 Chief Executive Officers (CEOs)from the world’s top insurance and reinsurance companies. It organises international expert networks and managesdiscussion platforms for senior insurance executives and specialists as well as policy-makers, regulators andmultilateral organisations. The Geneva Association’s annual General Assembly is the most prestigious gatheringof leading insurance CEOs worldwide.Established in 1973, The Geneva Association, officially the “International Association for the Study of InsuranceEconomics”, is based in Geneva, Switzerland and is a non-profit organisation funded by its members.Chairman:Dr Nikolausvon Bomhard, Chairman of the Board of Management, Munich Re, Munich.Vice Chairmen:Mr JohnStrangfeld, Chairman and CEO, Prudential Financial, Inc., Newark; Mr KunioIshihara, Chairman of the Board, Tokio Marine & Nichido Fire Insurance Co., Tokyo; Mr MichaelDiekmann,Chairman of the Management Board, Allianz SE, Munich.Members of the Board:Dr CarloAcutis, Vice President, Vittoria Assicurazioni S.p.A., Turin; Dr SergioBalbinot, Managing Director, Assicurazioni Generali S.p.A., Trieste; Mr Henride Castries, Chairman of theManagement Board and CEO, AXA Group, Paris; Mr Patrickde Larragoiti Lucas, President, Sul AmericaSeguros, Rio de Janeiro; Prof. DenisKessler, Chairman and CEO, SCOR, Paris; Dr StefanLippe, CEO, SwissRe Group, Zurich; Mr José ManuelMartínez, Chairman, MAPFRE SA, Madrid; Mr MikeMcGavick, CEO,XL Group plc, Hamilton; Mr AndrewMoss, CEO, Aviva plc, London; Mr MartinSenn, CEO, Zurich FinancialServices, Zurich; Mr Donald A.Stewart, CEO, Sun Life Financial Inc.*, Toronto; Mr TidjaneThiam, GroupChief Executive, Prudential plc, London; Dr RichardWard, CEO, Lloyd’s, London; Dr YanWu, Chairman andPresident, The People’s Insurance Company (Group) of China Ltd., Beijing.Secretary General and Managing Director:Mr Patrick M.Liedtke, Geneva.Vice Secretaries General:Prof. JanMonkiewicz(Head of PROGRES and Liaison—Eastern Europe), Warsaw;Mr WalterStahel(Head of Risk Management), Geneva.Heads of Programmes and Research Directors:Dr EttiBaranoff(Research Director for Insurance andFinance), Richmond; Dr ChristopheCourbage(Research Director and Head of Health & Ageing and InsuranceEconomics), Geneva; Mr DanielHaefeli(Head of Insurance and Finance), Geneva; Mr DonaldInscoe(Headof Institutional Relations), Basel; Mr AnthonyKennaway(Head of Communications), Geneva; Prof. KrzysztofOstaszewski(Research Director for Life and Pensions), Normal, Illinois.Special Officers:Mr KatsuoMatsushita(Liaison - Japan & East Asia), Yokohama; Mr GordonStewart, (Liaison- North America), New York; Dr Hans PeterWürmli(Chairman of Chief Risk Officers Network), Zurich.Chairman of the Scientific Advisory Council:Prof. HaroldSkipper, Georgia State University, Atlanta.Former Presidents of The Geneva Association:Mr RaymondBarre, Paris (1973-1976); Mr FabioPadoa,Trieste (1976-1983); Mr JuliusNeave, London (1983-1986); Prof. Dr Dr e.h. ReimerSchmidt, Aachen (1986-1990); Sir BrianCorby, London (1990-1993); Drs. Jan H.Holsboer, Amsterdam (1993-1999); Mr WalterKielholz, Zurich (1999-2003); Mr Henride Castries, Paris (2003-2008); Mr Martin J.Sullivan, New York(2008); Mr JacquesAigrain, Zurich (2008-2009). and risk management issues. Insurance RegulationReflections for a Post-Crisis World Foreword—Twelve critical months...1Executive Summary5Economic Rationale for Insurance Regulationby W. Jean Kwon7Insurance Activity as a Regulatory Object—Trends and Developmentsand their Appreciation in the Context of Post-Crisis Global Marketsby Patrick M. Liedtke21The Future of Insurance Regulation and Supervision—A Global Perspectiveby Denis Kessler33 AcknowledgementsThis report is based on the work coordinated and carried out by the Programme onRegulation and Supervision (PROGRES) of The Geneva Association under the guidance ofJan Monkiewicz. We would like to thank the authors for their contributions as well as severalcolleagues who helped with this project, including Anthony Kennaway