Towards a Global Solvency Model in the Insurance Market: A Qualitative Analysis

In recent years, there has been a change in the main regulations governing the solvency of the world’s main insurance markets. Sustainability is an issue that is becoming increasingly important among to the various stakeholders in the insurance industry. It is a complex concept that has ma...

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Autores: Garayeta Bajo, Asier, De la Peña Esteban, Joseba Iñaki, Trigo Martínez, Eduardo
Tipo de recurso: artículo
Fecha de publicación:2022
País:España
Institución:Universidad del País Vasco
Repositorio:Addi. Archivo Digital para la Docencia y la Investigación
OAI Identifier:oai:addi.ehu.eus:10810/57105
Acceso en línea:http://hdl.handle.net/10810/57105
Access Level:acceso abierto
Palabra clave:insurance sustainability
insurance supervision
risk management
capital requirements
solvency
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spelling Towards a Global Solvency Model in the Insurance Market: A Qualitative AnalysisGarayeta Bajo, AsierDe la Peña Esteban, Joseba IñakiTrigo Martínez, Eduardoinsurance sustainabilityinsurance supervisionrisk managementcapital requirementssolvencyIn recent years, there has been a change in the main regulations governing the solvency of the world’s main insurance markets. Sustainability is an issue that is becoming increasingly important among to the various stakeholders in the insurance industry. It is a complex concept that has many different dimensions that can be included in these regulations, allowing for a more sustainable solvency. The paper uses a qualitative model previously designed and tested in the literature to analyse the solvency regulations of the European Union, United States of America, China, Australia, Brazil and South Africa and determine their level of convergence. It also links the criteria set out in these models to the dimensions of sustainability in order to determine the degree of sustainability of solvency systems and the questions that regulators will need to consider in the near future in order to achieve more sustainable solvency.This research was funded by Consolidated Research Group Eusko Jaurlaritza/Gobierno Vasco EJ/GV grant number IT1523-22.MDPI2022202220222022info:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10810/57105reponame:Addi. Archivo Digital para la Docencia y la Investigacióninstname:Universidad del País VascoIngléshttps://www.mdpi.com/2071-1050/14/11/6465info:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by/4.0/© 2022 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https:// creativecommons.org/licenses/by/ 4.0/).oai:addi.ehu.eus:10810/571052026-06-18T09:23:17Z
dc.title.none.fl_str_mv Towards a Global Solvency Model in the Insurance Market: A Qualitative Analysis
title Towards a Global Solvency Model in the Insurance Market: A Qualitative Analysis
spellingShingle Towards a Global Solvency Model in the Insurance Market: A Qualitative Analysis
Garayeta Bajo, Asier
insurance sustainability
insurance supervision
risk management
capital requirements
solvency
title_short Towards a Global Solvency Model in the Insurance Market: A Qualitative Analysis
title_full Towards a Global Solvency Model in the Insurance Market: A Qualitative Analysis
title_fullStr Towards a Global Solvency Model in the Insurance Market: A Qualitative Analysis
title_full_unstemmed Towards a Global Solvency Model in the Insurance Market: A Qualitative Analysis
title_sort Towards a Global Solvency Model in the Insurance Market: A Qualitative Analysis
dc.creator.none.fl_str_mv Garayeta Bajo, Asier
De la Peña Esteban, Joseba Iñaki
Trigo Martínez, Eduardo
author Garayeta Bajo, Asier
author_facet Garayeta Bajo, Asier
De la Peña Esteban, Joseba Iñaki
Trigo Martínez, Eduardo
author_role author
author2 De la Peña Esteban, Joseba Iñaki
Trigo Martínez, Eduardo
author2_role author
author
dc.subject.none.fl_str_mv insurance sustainability
insurance supervision
risk management
capital requirements
solvency
topic insurance sustainability
insurance supervision
risk management
capital requirements
solvency
description In recent years, there has been a change in the main regulations governing the solvency of the world’s main insurance markets. Sustainability is an issue that is becoming increasingly important among to the various stakeholders in the insurance industry. It is a complex concept that has many different dimensions that can be included in these regulations, allowing for a more sustainable solvency. The paper uses a qualitative model previously designed and tested in the literature to analyse the solvency regulations of the European Union, United States of America, China, Australia, Brazil and South Africa and determine their level of convergence. It also links the criteria set out in these models to the dimensions of sustainability in order to determine the degree of sustainability of solvency systems and the questions that regulators will need to consider in the near future in order to achieve more sustainable solvency.
publishDate 2022
dc.date.none.fl_str_mv 2022
2022
2022
2022
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv http://hdl.handle.net/10810/57105
url http://hdl.handle.net/10810/57105
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv https://www.mdpi.com/2071-1050/14/11/6465
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by/4.0/
eu_rights_str_mv openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by/4.0/
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv MDPI
publisher.none.fl_str_mv MDPI
dc.source.none.fl_str_mv reponame:Addi. Archivo Digital para la Docencia y la Investigación
instname:Universidad del País Vasco
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