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OverviewFabian 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. Full Product DetailsAuthor: Fabian RegelePublisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Imprint: Springer Gabler Edition: 1st ed. 2018 Weight: 1.358kg ISBN: 9783658201630ISBN 10: 3658201630 Pages: 82 Publication Date: 27 November 2017 Audience: Professional and scholarly , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: Manufactured on demand  We will order this item for you from a manufactured on demand supplier. Table of ContentsOverview 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.ReviewsAuthor InformationFabian 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. Tab Content 6Author Website:Countries AvailableAll regions |
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