International Solvency Requirements – Towards more Risk-based Regimes
Tom Karp ()
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Tom Karp: APRA, GPO Box 9836, Sydney NSW 2001, Australia.
The Geneva Papers on Risk and Insurance - Issues and Practice, 2007, vol. 32, issue 3, 364-381
Abstract:
Insurance regulation and supervision is aimed at maintaining efficient, fair, safe and stable insurance markets for the benefit and protection of policyholders. So ensuring an insurer remains solvent and thus able to fulfil its obligations under all insurance contracts under all reasonably foreseeable circumstances is crucial. Insurer solvency therefore takes a central position in not only risk management by insurers, but also in effective insurance supervision, which must include a solvency regime which lays down solvency requirements. The Geneva Papers (2007) 32, 364–381. doi:10.1057/palgrave.gpp.2510139
Date: 2007
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