CAREFIN is a research structure created by Università Bocconi, Italy’s leading business and economics school. Located on-campus in Milan, it encompasses and enhances the activities of three former Bocconi research bodies, Newfin, Cerap and Pension Forum. CAREFIN has a strong commitment to delivering rigorous material that is both well-grounded in financial research and highly geared towards real-life applications. Leveraging ongoing dialog with the financial industry, professional associations, regulators and policy makers, the Centre uses advanced analytical tools to investigate the opportunities and threats posed by new financial products, markets and brokerage models.
CAREFIN presents its first annual report on “Pension Funds in Italy”, a publication concerning the structure and operating features of Italian complementary pension schemes. The report outlines lights and shadows of the system and proposes changes in the regulation of fund member protection.
This paper provides the first cross-country study on the impact of regulations on the soundness of insurance firms, using data on over 1,700 insurance firms operating in 46 countries.
This study examines pension buyout transactions and longevity risk securitization in a common framework, emphasizing the role played by asymmetries in capital requirements and mortality forecasting technology.
