Business & Economics Books:

Infrastructure Investments

Regulatory Treatment and Optimal Capital Allocation Under Solvency II
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Description

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.

Author Biography:

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.
Release date Australia
November 27th, 2017
Author
Audience
  • Professional & Vocational
Edition
1st ed. 2018
Illustrations
3 Illustrations, color; 4 Illustrations, black and white; XIII, 82 p. 7 illus., 3 illus. in color.
Pages
82
ISBN-13
9783658201630
Product ID
27303563

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