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Infrastructure Investments

Regulatory Treatment and Optimal Capital Allocation Under Solvency II

Fabian Regele (Autor)

Buch | Softcover

XIII, 82 Seiten

2017 | 1st ed. 2018
Springer Fachmedien Wiesbaden GmbH (Verlag)
978-3-658-20163-0 (ISBN)

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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.

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.

Overview of the Infrastructure Asset Class.- Valuation Model of a Direct Infrastructure Asset.- Optimal Capital Allocation and Solvency Capital Requirements for the Insurance Company.- Adjustment of the Infrastructure Asset's Regulatory Capital Charge.

Erscheinungsdatum	07.12.2017
Reihe/Serie	BestMasters
Zusatzinfo	XIII, 82 p. 7 illus., 3 illus. in color.
Verlagsort	Wiesbaden
Sprache	englisch
Maße	148 x 210 mm
Gewicht	136 g
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management ► Allgemeines / Lexika
	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
	Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Versicherungsbetriebslehre
	Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
Schlagworte	Direct Infrastructure Assets • Infrastructure Asset Class • Infrastructure Investments • insurance • Investments and Securities • Optimal Capital Allocation • Optimal Capital Charge • Solvency Capital Requirements • Valuation Model of a Direct Infrastructure Asset
ISBN-10	3-658-20163-0 / 3658201630
ISBN-13	978-3-658-20163-0 / 9783658201630
Zustand	Neuware