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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.
David T. Johnson. David Timothy Johnson (born 1954) [1] is a member of the International Narcotics Control Board and retired United States diplomat and the former Assistant Secretary of State for International Narcotics and Law Enforcement Affairs.
Around 2.5 million retirees could get some good news this holiday season: Their Social Security benefit checks may be increasing. That’s because the U.S. House of Representatives passed a bill ...
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A Lexington native who founded a company once valued at more than $1 billion but later went to prison for fraud is facing new charges. A federal grand jury in Lexington indicted Charles E. Johnson ...
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 ]