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Insurance has become a highly specialised area, and understanding insurance requires an insight into the changing regulatory environment as well as an understanding of the challenges affecting insurance companies.
The author, a practising lawyer and international insurance practitioner, examines the practice of insurance law as an issue of governance. He applies a practical approach to insurance regulatory law (both domestic and international) and provides a guide to current trends, markets and policy choices facing governments and regulators.
The book covers the way captives as well as open market insurers are regulated, how they operate and what the potential issues are. Written in a clear and understandable manner, the book is designed to be of use to both practitioners and students. Robin Amos provides a chapter on Own Risk and Solvency Assessment (“ORSA”), part of the Solvency II project which is planned to improve the prudential supervision of insurers in the European Union. Solvency II is expected to be in force on 1 January 2014.