Solvency II: A Balancing Act
Pamela Schuermans
Chapter Chapter 4 in Global Perspectives on Insurance Today, 2010, pp 37-51 from Palgrave Macmillan
Abstract:
Abstract The financial world is in a regulatory fever. Following decades of heralded deregulation, the industry seems in need of guidance, to remind the actors of the consequences of cumulating ill-advised incentives and inadequate actions in a sector which increasingly shapes our society. Europe has been developing a new regulatory framework for the insurance and reinsurance industry, aimed at reinforcing the risk management of undertakings and promoting risk-sensitive supervision. Since the first discussions took place in early 2000, Solvency II has grown into one of the most ambitious legislative projects currently in the European Union (EU).
Keywords: European Union; Capital Requirement; International Financial Reporting Standard; Supervisory Authority; Occupational Pension (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-11737-2_4
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DOI: 10.1057/9780230117372_4
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