Introduction

Maria Grazia Starita and Irma Malafronte

Chapter 1 in Capital Requirements, Disclosure, and Supervision in the European Insurance Industry, 2014, pp 1-10 from Palgrave Macmillan

Abstract: Abstract The aim of this chapter is to introduce and address the main issues that are discussed in each chapter of this manuscript. This chapter has five goals: identifying the main’ solvency II drivers’ and the main characteristics of the European insurance industry; introducing the risk-based approach to derive the new capital requirement for European insurers; describing the main ways in which control can be exercised within the insurer’s risk management framework by the insurer itself, and on the insurer by the supervisor according to a risk-based approach; identifying the market discipline process and the role of supervision under the Solvency II Directive; presenting the approach to disclosure consistent with the Solvency II third pillar requirements.

Keywords: Capital Requirement; Voluntary Disclosure; Market Discipline; Supervisory Authority; Risk Portfolio (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-39084-4_1

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DOI: 10.1057/9781137390844_1

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