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Solvency II Directive 2009 (2009/138/EC) is a Directive in European Union law that codifies and harmonises the EU insurance regulation. Primarily this concerns the amount of capital that EU insurance companies must hold to reduce the risk of insolvency .
At the heart of the prudential Solvency II directive, the own risk and solvency assessment (ORSA) is defined as a set of processes constituting a tool for decision-making and strategic analysis. It aims to assess, in a continuous and prospective way, the overall solvency needs related to the specific risk profile of the insurance company.
Solvency, in finance or business, is the degree to which the current assets of an individual or entity exceed the current liabilities of that individual or entity. [1] Solvency can also be described as the ability of a corporation to meet its long-term fixed expenses and to accomplish long-term expansion and growth. [ 2 ]
The Swiss Solvency Test (SST) is a risk based capital standard for insurance companies in Switzerland, in use since 2006. The SST was developed by the Swiss Federal Office of Private Insurance (FOPI) in cooperation with the Swiss insurance industry.
Casualty aired a shocking triple exit tonight (March 18) as Robyn Miller, David Hide and Marty Kirkby all left the show.
As Queen Elizabeth II marks her 70 years on the British throne, the details of her personal wealth remain a closely held secret. WSJ breaks down what is known about the monarch’s assets, her ...
Prince Harry's conversation with his son, Prince Archie, about the Invictus Games went in a "different" direction, turning to a discussion about Princess Diana's important work. During the 2025 ...
A good solvency mechanism will have a solvency advocate: a qualified professional or credible expert specifically advocating the proposed course of action, who are cited by the debaters. After the First Affirmative Constructive speech (1AC), it is assumed that the Affirmative team can completely solve all of their harms unless the speaker did ...