Infrastructure Investments Regulatory Treatment and Optimal Capital
Fabian 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 infrast
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Infrastructure Investments Regulatory Treatment and Optimal Capital Allocation Under Solvency II
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Fabian Regele
Infrastructure Investments Regulatory Treatment and Optimal Capital Allocation Under Solvency II
Fabian Regele Frankfurt am Main, Germany
BestMasters ISBN 978-3-658-20163-0 ISBN 978-3-658-20164-7 (eBook) https://doi.org/10.1007/978-3-658-20164-7 Library of Congress Control Number: 2017959882 Springer Gabler © Springer Fachmedien Wiesbaden GmbH 2018 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Printed on acid-free paper This Springer Gabler imprint is published by Springer Nature The registered company is Springer Fachmedien Wiesbaden GmbH The registered company address is: Abraham-Lincoln-Str. 46, 65189 Wiesbaden, Germany
Preface Infrastructure investments are frequently characterized as long-term investments generating stable cash flows, offering a good diversification potential as well as a sound protection against inflation. These attributes indeed might be very attractive for some institutional investors like insurance companies, as they promise a potential escape from the rising threats of the prevailing low-interest rate trap. Furthermore, Solvency II as the new regulation regime for the European insurance industry also exerts a strong influence on the investment decision
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