This article examines the need for a policyholder-centric approach in modernizing Vietnam's insurance law, focusing on the shift from freedom of contract to a pro-consumer framework, the strengthening of policyholder protections, and lessons from international legal reforms. As Vietnam's...

Der Beitrag erörtert, wie eine Klageberechtigung der Versicherungsaufsicht im zivilgerichtlichen Verbandsklageverfahren die Rechtsdurchsetzung im Versicherungsrecht verbessern könnte. Die Analyse erfolgt am Beispiel der Prämienanpassungen privater Krankenversicherungen, die derzeit sowohl in...

Switzerland has a large and sophisticated insurance market, which demonstrated resilience over time. The insurance industry, with overall premiums accounting for 60 percent of the Swiss GDP, has adapted to a long period of low interest rates and managed the impact of the COVID 19 pandemic. The...

The insurance sector in Luxembourg is very large and serves as a European hub, specifically in the non-life (re)insurance sector and in unit-linked life insurance. Sector assets equaled EUR 289bn in June 2023, corresponding to 372 percent of GDP, significantly higher than in other European...

The Financial Sector Assessment Program (FSAP) conducted a focused review of insurance regulation and supervision in Belgium. This technical note (TN) provides an update on the insurance sector and highlights risks and vulnerabilities. It analyzes key aspects of regulatory and supervisory...

This research examines the effects of rate regulations and compulsory insurance laws on insurance purchases. Three stage least squares (3sls) regressions have been employed to control for the endogeneity of the main variables, which are premiums, regulations, and insurance purchases. The...

This Technical Note highlights Ireland's Insurance Regulation and Supervision. Ireland's insurance sector is characterized by high penetration and density in both the life and the non-life sector, which, however, stems largely from outward cross-border business. Irish insurers have proved to be...

This article begins with a brief overview of the Cambodian Economic Development and offers a brief history of the insurance market industry. The article continues with a more detailed discussion about insurance law and a critical look at the current insurance contract law in Cambodia that has...

Most landlords do not carry liability insurance, which means that most residents have little chance of recovery after being harmed by dangerous housing conditions. More disabling injuries occur in homes than in workplaces and motor vehicles combined. These risks disproportionately affect...

People fail to insure against disasters, even when insurance is subsidized, and insured properties are often covered inadequately. We examine insurance decisions in an experiment using multi-year insurance contracts to reduce such insurance gaps and contribute to our understanding of insurance...

This study examined the principles of insurance regulation and the factors which have driven the increased resort to intervention in the insurance markets by regulators. The main tools of regulation are laws enacted by parliament, regulations and practice guidelines by regulators, as well as...

Law and economics has proven enormously influential across a wide range of American law. By providing a theory about how people will respond to the law, economics offers a framework to predict how law will impact behavior and, in turn, whether a particular legal rule will produce desirable...

Introduction -- Part I – The System of Governance of Insurance Undertakings -- Corporate Governance and the so-called “Four-Eyes Principle” -- The Risk Management System, the Risk Culture, and the Duties of the Insurers' Directors -- Role and Significance of the Compliance Function in an...

Understanding how and why liability laws and liability reforms alter the medical treatment decision-making process is central to reforming the current U.S. malpractice liability system. Survey methods serve a valuable role in this process because they measure how malpractice pressure affects...

Das Hamburger Zentrum für Versicherungswissenschaft legt in der Reihe D die besten Abschlussarbeiten aus dem Masterstudiengang Versicherungsrecht der Universität Hamburg einem breiteren Fachpublikum vor. Der berufsbegleitende und praxisbezogene Studiengang vermittelt vertiefte Kenntnisse des...

Die Strafrechtsschutzversicherung für Unternehmen dient der Absicherung von Unternehmen und Unternehmensangehörigen vor Kostenrisiken in Straf- und Ordnungswidrigkeitenverfahren. Anhand marktüblicher Versicherungsbedingungen wird dieses - bisher in Literatur und Rechtsprechung kaum behandelte...

Dr. Claudia Veh Das Eindeutigkeitserfordernis bei Pensionszusagen Dr. Henriette Meissner Betriebsrentenstärkungsgesetz II (BRSG II): Besprechung des Referentenentwurfs vom 24.6.2024 Bundesarbeitsgericht sorgt für Rechtssicherheit beim Arbeitgeberzuschuss Dr. Susanne Marian Widerruf von...

Dynamic hybrid products emerged in 2007 and are now well established in the German life insurance market. In this article, we study interaction effects between dynamic hybrid products and traditional deferred annuity contracts, that are sold by the same insurance company. The key question we...

People often fail to insure against catastrophes, even when insurance is subsidized. Even when insuring homes, many homeowners still underinsure the full value of their assets. Some researchers have suggested using long-term insurance contracts to reduce these insurance gaps. We examine...

The extent of regulation of insurance companies has grown significantly in recent decades. The ‘freedom with publicity’ regime which defined the regulatory approach from 1870 to 1970 appeared to work and ran with the grain of the market. Arguments that are given today for prudential...

Le concept d'assurance est fondé sur la mutualisation de risques futurs aléatoires moyennant le paiement en amont d'une contribution financière par le client (la prime d'assurance). Pour être effective, l'assurance suppose une confiance élevée de la part des clients dans la capacité des...

This paper documents the long-run effects of an important reform of capital regulation for U.S. insurance companies in 2009. We show that its design effectively eliminates capital requirements for (non-agency) MBS, implying an aggregate capital relief of over $18bn at the time of the reform. By...

Regulators often impose rules that constrain the behavior of market participants. We propose a new framework in which to study optimal regulation, representing the policy choice as a delegation problem overlaying a mechanism design problem: a regulator chooses a set of permitted mechanisms to...

The theoretical argument behind the “pro-insured” or “pro-insurer” debate contains elements of contract law, business law, and consumer law. This article reexamins the insurance misrepresentation rule under the RLLI, ands compares it to insurance law in China. This comparison...

In 2018, the Insurance Distribution Directive (IDD) was fully implemented by all EU member states. It intends to harmonize the insurance market, provide the right incentives for the agents and protect the consumers. But why? The core business of the banking sector makes it necessary for a...