How Long to Read When Insurers Go Bust

How Long Does it Take to Read When Insurers Go Bust?

It takes the average reader 1 hour and 51 minutes to read When Insurers Go Bust by Guillaume Plantin

Assuming a reading speed of 250 words per minute. Learn more

Description

In the 1990s, large insurance companies failed in virtually every major market, prompting a fierce and ongoing debate about how to better protect policyholders. Drawing lessons from the failures of four insurance companies, When Insurers Go Bust dramatically advances this debate by arguing that the current approach to insurance regulation should be replaced with mechanisms that replicate the governance of non-financial firms. Rather than immediately addressing the minutiae of supervision, Guillaume Plantin and Jean-Charles Rochet first identify a fundamental economic rationale for supervising the solvency of insurance companies: policyholders are the "bankers" of insurance companies. But because policyholders are too dispersed to effectively monitor insurers, it might be efficient to delegate monitoring to an institution--a prudential authority. Applying recent developments in corporate finance theory and the economic theory of organizations, the authors describe in practical terms how such authorities could be created and given the incentives to behave exactly like bankers behave toward borrowers, as "tough" claimholders.

How long is When Insurers Go Bust?

When Insurers Go Bust by Guillaume Plantin is 111 pages long, and a total of 27,861 words.

This makes it 37% the length of the average book. It also has 34% more words than the average book.

How Long Does it Take to Read When Insurers Go Bust Aloud?

The average oral reading speed is 183 words per minute. This means it takes 2 hours and 32 minutes to read When Insurers Go Bust aloud.

What Reading Level is When Insurers Go Bust?

When Insurers Go Bust is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy When Insurers Go Bust?

When Insurers Go Bust by Guillaume Plantin is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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