Own funds under solvency regime

Artikel

European legislation for the prudential regulation of insurance and reinsurance sector has existed since the 1970s, gradually materialized in Directive 92/49/EEC and Directive 2002/83/EC, both known as Solvency I. Due to economic and political development the regime become insufficient and therefore in 2009 was adopted the Directive 2009/138/EC known as Solvency II, which represents a crucial modernization of European insurance regulation. Each of these regimes prescribes its own rules for the valuation of assets, liabilities and available capital to cover regulatory solvency requirement. This paper is focused on detection of conditions set up for valuation of assets and liabilities under each of the regime and to outline the calculation of available capital under each of the model.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: European Financial and Accounting Journal ; ISSN: 1805-4846 ; Volume: 12 ; Year: 2017 ; Issue: 3 ; Pages: 87-102 ; Prague: University of Economics, Faculty of Finance and Accounting

Classification and Topics

• Classification: Management ; Insurance; Insurance Companies; Actuarial Studies ; Financial Institutions and Services: Government Policy and Regulation ; Regulated Industries and Administrative Law
• Subject: Available own ; Available solvency margin ; Insurance ; Regulation ; Solvency I ; Solvency II

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Wünsch, Pavel
• Event: Veröffentlichung
• (who): University of Economics, Faculty of Finance and Accounting
• (where): Prague
• (when): 2017

Further information

• DOI: doi:10.18267/j.efaj.189
• Handle: http://hdl.handle.net/10419/187714
• Last update: 10.03.2025, 11:42 AM CET