SOLVENCY II – THE NEW EU SOLVENCY REGIME ON THE INSURANCE MARKET
Emilia Clipici ()
Additional contact information
Emilia Clipici: Faculty of Economics, University of Pitesti, Romania
Scientific Bulletin - Economic Sciences, 2012, vol. 11, issue 2, pages 112-119
The main causes that lead to insurer’s solvency issues such as the underwriting, investment or reinsurance deficiencies have remained the same over time. However, their incidence is increasing, as well as their complexity. Solvency II, the latest directive in this field is intended to be the legislative act that will settle the solvency issue on the European insurance market. The Solvency II Directive will lead to a new approach to the supervision process at the common European level, based on economic principles for assessing the assets and liabilities. It will use common principles when taking into account the multitude and variety of risks to which the company is exposed. These will form the basis for establishing the level of the capital and updating the calculation methods for the capital of the insurance companies under unusual circumstances. The article summarizes the Directive and describes some difficulties arising in connection with its rendering and implementation at the Member State level.
Keywords: solvency; insurance; insurer’s risks (search for similar items in EconPapers)
JEL-codes: G15 G22 (search for similar items in EconPapers)
References: View complete reference list from CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:pts:journl:y:2012:i:2:p:112-119
Access Statistics for this article
Scientific Bulletin - Economic Sciences is currently edited by Logica Banica
More articles in Scientific Bulletin - Economic Sciences from University of Pitesti Contact information at EDIRC.
Series data maintained by Logica Banica ().