Solvency capital requirements for a Romanian non-life insurer under Solvency II and Risk-Based Capital frameworks

Aurora Elena DINA (manolache)
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Aurora Elena DINA (manolache): Bucharest University of Economic Studies, Romania

Theoretical and Applied Economics, 2019, vol. XXVI, issue Special, 7-18

Abstract: The paper provides a theoretical assessment of the Solvency II and Risk Based Capital solvency regimes and a numerical evaluation based on the two important characteristics of the Risk Based Capital framework: accounting principles (book values) and risk parameters calibration (standard deviations for premium and reserve risk sub-module) following the Solvency II standard formula methodology for a Romanian non-life insurance company. The results of the numerical evaluation of two assumptions reveal a substantial impact in the overestimation/underestimation of the solvency capital requirements.

Keywords: solvency capital requirements; Solvency II; Risk-Based Capital; non-life insurer; insurance regulation. (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xxvi:y:2019:i:special:p:7-18

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