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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.
C-ROSS, short for China Risk-Oriented Solvency System, is a regulatory framework created by the China Insurance Regulatory Commission (CIRC) that governs the insurance industry in China. It was implemented in 2016.
The truth is out there — at least when it comes to David Duchovny and Gillian Anderson ’s once-contentious relationship. The former co-stars — who shot to fame in the 1990s by playing FBI ...
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 ...
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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 ]
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