By Maria Grazia Starita; Irma Malafronte;
Read Online or Download Capital Requirements, Disclosure, and Supervision in the European Insurance Industry: New Challenges towards Solvency II PDF
Similar european books
Coverage Making within the ecu Union takes a clean view at makes an attempt to conceptualize the method of eu integration. It explores the impression of the day after day works of coverage makers, curiosity teams and bureaucrats in influencing the surroundings during which treaty formula and ratification are taken.
Huge lakes are vital as a result of their measurement and ecological specialty in addition to their financial and cultural price. optimum administration of them calls for a formal figuring out of anthropogenic affects either at the lake ecosystems as such and at the prone they supply for society. the categorical structural and useful houses of huge lakes, e.
Acute radiation harm in guy has been amply reviewed some time past many years (1-8). details for these experiences was once normally derived from the Hiroshima and Nagasaki event (3), from radiation injuries as a con series of checking out nuclear guns and the applying of nuclear strength (9-13) and from the intentional irradiation of sufferers, as a rule for the remedy of malignancies and/or as conditioning for transplantation (14-20).
The lengthy tale of Greek terrorism used to be intended to have led to the summer season of 2002 with the cave in of the country's optimal terrorist agency and considered one of Europe's longest-running gangs, the infamous Revolutionary Organization 17 November team (17N). although, instead of demoralising and emasculating the country's armed fight circulate, the dismantling of 17N and the imprisonment of its contributors resulted in the emergence of latest city guerrilla teams and an upsurge in and intensification of innovative violence.
- The European Monetary System — Past, Present and Future
- European Banking: Enlargement, Structural Changes and Recent Developments (Palgrave Macmillan Studies in Banking and Financial Institutions)
- Love, Desire and Identity in the Theatre of Federico García Lorca (Monografías A)
- Hypothermia in Neurosurgery: Symposium Organized by P. E. Maspes at the Second European Congress of Neurosurgery Rome, April 18–20, 1963
- Identity, Interests and Attitudes to European Integration
- European Polyphony: Perspectives Beyond East-West Confrontation
Extra resources for Capital Requirements, Disclosure, and Supervision in the European Insurance Industry: New Challenges towards Solvency II
From this perspective, Basel II for the banking sector, the Markets in Financial Instruments Directive (MiFID) for markets and asset managers, the Solvency II Directive for insurers and reinsurers, and the recasting of the financial conglomerates Directive have helped to achieve a good but still improvable level of cross-sectorial consistency (EC, 2007) as prescribed by the FSAP. 1). This convergence is very important because it may reduce the cost of compliance for insurers and policyholders as well as for other stakeholders.
Before analysing the content of each pillar, this subsection analyses the three-pillar structure. 1 provides the scheme and the main aspects of the each pillar, making it easier to identify the relationships between the objectives of the Solvency II Directive. 1 describes the main aspects of each pillar of the three-pillar structure under Solvency II. First, the first pillar focuses on the quantitative requirements, such as the principles to calculate the technical provisions and the solvency requirements (the MCR and the SCR) as well as the principles that form the set of investment rules.
The main role of an insurer’s Board of Directors is to establish the overall risk profile and the set of strategies to achieve it, in addition to a strategy for solvency capital. The main role of the Senior Management is to establish policies and procedures implementing the strategies set by the Board of Directors. Finally, the role of the day-to-day operations staff is to identify, assess, manage, report, and control the risks the insurer is or might be exposed to. From this perspective, the aim of risk management is to cover all of the risks the insurer faces through the adherence to the risk strategies and risk procedures established by the Board of Directors and the Senior Management, respectively.
Capital Requirements, Disclosure, and Supervision in the European Insurance Industry: New Challenges towards Solvency II by Maria Grazia Starita; Irma Malafronte;