Solvency II Directive and the Key Features of the European Insurance Market

Maria Grazia Starita and Irma Malafronte

Chapter 2 in Capital Requirements, Disclosure, and Supervision in the European Insurance Industry, 2014, pp 13-58 from Palgrave Macmillan

Abstract: Abstract This chapter describes the Solvency II Directive (2009/138/EC), which is the regulatory framework for the European insurance industry. This chapter also provides statistics on the European insurance market, and introduces a sample of European insurance companies that is used in the next chapters for providing empirical evidence of the theoretical topics analysed. Thus, this chapter has three main goals: describing the characteristics, principles, and aims of the regulatory framework of Solvency II; identifying the key features of the European insurance market and distinguishing between life and non-life insurance activities providing statistics for both; selecting a sample of European insurers that can be used to empirically test the theoretical topics analysed in the subsequent chapters of this book.

Keywords: Internal Model; Minimum Capital Requirement; Solvency Capital Requirement; Financial Conglomerate; Technical Provision (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_2

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DOI: 10.1057/9781137390844_2

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