A Comparison of Insurance Regulation in the U.S. and the European Union
Type
applied research project
Start Date
January 1, 2009
End Date
December 31, 2010
Status
completed
Keywords
Insurance Regulation
Description
In this project we compare insurance regulatory frameworks in the United States (US) and European Union (EU), focusing primarily on solvency, but also considering product and price regulation, as well as other elements of consumer protection. This comparison highlights the use of more fluid and principles-based approaches in the EU as it is developing under Solvency II, while the US continues to focus essentially on static, rules-based regulation. The discussion further notes evidence suggesting
that the EU approach is more successful in promoting a financially solid insurance sector.
that the EU approach is more successful in promoting a financially solid insurance sector.
Leader contributor(s)
Partner(s)
Independent Institute, Washington, D.C.
Funder
Topic(s)
Insurance Regulation
Method(s)
Theoretical and empirical research in insurance economics and management
Notes
Study for the Independent Institute, Washington, D.C.
Range
HSG Internal
Range (De)
HSG Intern
Division(s)
Eprints ID
206698