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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 .
Level 1 text is the regulatory basis of the reform. It was adopted in 2009 on the same text by the European Parliament and European Council. The ORSA is defined in Article 45 of the Directive. Article 45 of Solvency 2 directive framework (extracts)
The definition of operational risk, adopted by the European Solvency II Directive for insurers, is a variation adopted from the Basel II regulations for banks: "The risk of a change in value caused by the fact that actual losses, incurred for inadequate or failed internal processes, people and systems, or from external events (including legal ...
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In social science, economic capital is distinguished in relation to other types of capital which may not necessarily reflect a monetary or exchange-value.These forms of capital include natural capital, cultural capital and social capital; the latter two represent a type of power or status that an individual can attain in a capitalist society via formal education or through social ties.
Blake Lively's amended complaint against "It Ends With Us" star Justin Baldoni highlights the actress' "extreme anxiety" days after she and Ryan Reynolds appeared at "SNL50."
The Sisterhood of the Traveling Pants had a lasting impact on its young cast as well. Ferrera, Lively, Bledel and Tamblyn remain close friends, and often share their reunions and support for one ...
A physically active lifestyle late in life is linked to aging well. A new article published by the Canadian Medical Association reports getting 150 minutes of moderate physical activity each week ...