This book provides a rare economic analysis of the regulation of the insurance industry from two authoritative authors. The book is timely and well researched, and it brings together the current state of the art in economic analysis with a thorough understanding of the institutions. It will become essential reading for anyone interested in this important policy area.
This is an important contribution because it goes beyond and strongly criticizes the literature and preconceptions of the regulatory and insurance industries. Beyond readers in the specific field, it will be useful to readers interested in regulation more generally and to readers in finance and banking. I have seen no other book like this. It is most welcome.