{"product_id":"infrastructure-investments-fabian-regele-9783658201630","title":"Infrastructure Investments: Regulatory Treatment and Optimal Capital Allocation Under Solvency II","description":"\u003cp\u003eFabian 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.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Fabian Regele\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 3658201630\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9783658201630\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Springer Gabler\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 11\/27\/2017\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 82\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.28lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 8.27h x 5.83w x 0.20d","brand":"Fabian Regele","offers":[{"title":"Paperback","offer_id":47424609681663,"sku":"9783658201630","price":54.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_1e4cb5b7-271f-4b52-aaaa-4dc97901acbd.jpg?v=1761531368","url":"https:\/\/www.whiterainbookhouse.com\/products\/infrastructure-investments-fabian-regele-9783658201630","provider":"WR Book House","version":"1.0","type":"link"}