by Organisation for Economic Co-operation and Development in Paris .
Written in English
|Contributions||Organisation for Economic Co-operation and Development. Directorate for Financial, Fiscal and Enterprise Affairs.|
|LC Classifications||K1241 .I57 2002|
|The Physical Object|
|Pagination||298 p. ;|
|Number of Pages||298|
|LC Control Number||2002494928|
She conducts research in Financial Markets and Institutions in the Department of Management Studies and Quantitative Methods, University of Naples 'Parthenope', Italy. Her main research interests are insurance companies, disclosure, bank-firm relationship, and market : M. Starita. Get this from a library! Insurance solvency supervision.. [Organisation for Economic Co-operation and Development. Directorate for Financial, Fiscal and Enterprise Affairs.;] -- Provides an overview of regulations and practices for the supervision of insurance companies before difficulties arise, and designed primarily to prevent the latter from occuring, which remains the. 'This book is written by leading academics, researchers and insurance industry experts, and deals with the aftermath of the recent financial crisis and the implications that it might have on the future of insurance regulation and supervision.' Efma : Hardcover. The purpose of this paper is to analyze the cost of solvency supervision by paying the corresponding cost of insurance solvency supervision. The cost of insurance solvency regulation includes direct cost and opportunity cost. In this paper, the author makes an analysis of the two costs, and points out the possible errors of regulatory : Xiaoyu Zhang.
With the introduction of Solvency II, the supervision of groups will increase markedly. Title 3 of the Solvency II Directive contains the aspects relevant to group supervision In addition, the European Insurance and Occupational Pensions Authority (EIOPA), will publish various guidelines further explaining the legislation. Solvency II Basic is a national regime for small insurance companies that fall outside the scope of the Solvency II Directive. Barring a few exceptions, two groups of insurers fall outside the scope of the Solvency II regime due to their limited size or the sector in which they operate: Small insurance companies. Article (d) of the Solvency II Delegated Regulation for instance requires that an insurance company does not first have to pursue the obligor before obtaining a payment by the guarantor. However, the NHG requires an insurance company to first pursue the obligor before the guaranteed amount is paid out. Today, the European Insurance and Occupational Pensions Authority (EIOPA) has published an Opinion on the supervision of remuneration principles in the insurance and reinsurance sector. The Opinion addresses how to ensure consistent practices in the application of .
Solvency II introduces important changes in the definition and scope of the insurance groups subject to supervision. Likewise, changes are introduced in the treatment of some subsidiaries and investees that affect the final structure of the groups subject to supervision and therefore the solvency calculation . Regulation 6(1) of the Insurance Business (General Provisions of Supervision) Regulations, , requires the MFSA to carry on its duties in a transparent and accountable manner taking into account the protection of confidential information. This requirement emanates from Article 31 of Directive //EC (“the Solvency II Directive”). The insurance industry is therefore in desperate need of an up-to-date risk management book which contains a comprehensive exploration of Solvency II before implementation begins. The resilience of risk management systems in anticipation of Solvency II must be ensured. This incredibly timely new edition of Risk Management 1/5. Development Challenges Since the initial Solvency I Directive was introduced in Europe in , more elaborate risk management systems have emerged in the insurance industry. The Solvency II Directive, scheduled to come into effect November 1, , reflects new risk management practices to define required capital and manage risk in insurance.