Infrastructure Investments: Regulatory Treatment and Optimal Capital Allocation Under Solvency II - Couverture souple

Regele, Fabian

Couverture souple

ISBN 10 : 3658201630 ISBN 13 : 9783658201630

Editeur : Springer Gabler, 2017

Synopsis

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.

A propos du livre

À propos de l'auteur

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.

Détails de l'édition

• Éditeur: Springer Gabler
• Date d'édition: 2017
• Langue: anglais
• ISBN 10: 3658201630
• ISBN 13: 9783658201630
• Reliure: Broché
• Numéro d'édition: 1
• Nombre de pages: 96
• Coordonnées du fabricant: non disponible
• Personne responsable: CMN Printpool Inh. Mathis Neumann; https://www.also.com/ec/cms5/en_6000/6000/index.jsp; ; Friedrich-Karl-Str. 9; Hamburg; Allemagne