Solvency II
نویسندگان
چکیده
The insurance industry needs to be regulated to protect policyholders. This is the main objective of the Solvency II directive – the new insurance regulations for the European Economic Area. In short, it requires insurance companies to act responsibly with the money they have been entrusted with. It is estimated that implementing Solvency II will cost 2-3 billion Euro. It has the potential to change a lot in the way insurance companies operate, and these changes will hopefully benefit not just policyholders but also the insurance companies in the long run. In this report we outline the main points of the directive and the reasoning behind them. The report is mostly a joint effort, with Sandra focusing on the parts about capital requirements and Oskar on the parts about supervision.
منابع مشابه
Solvency II for property-casualty insurers (II)
be geared to modern requirements. Unlike the present solvency regime, Solvency II is designed to reflect a prospective and risk-oriented economic view. It will be based on a total balance sheet approach and harmonised with accounting rules and regulations. Assets and liabilities will consistently be recognised at market values. In principle, IFRS provisions can be used as a basis for valuing th...
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