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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 .
The matching adjustment is a mechanism prescribed in the Solvency II Directive that allows insurance firms 'to adjust the relevant risk-free interest rate term structure for the calculation of a best estimate of a portfolio of eligible insurance obligations'.
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 ...
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.
Jason Issacs says filming The White Lotus season 3 made eyes water — but not in the way you think.. The actor, 61, opened up about the unexpected challenges that came with shooting the highly ...
For starters, although green energy stocks saw some significant returns under Trump 1.0, they are likely to be challenged. “You're seeing the drillers do very well in this environment,” Silver ...
Yellowstone timeline explained. While the hit show Yellowstone may have come out first, the Dutton family tree goes back much further than the Paramount show’s premiere. The series has two ...
Solvency II (2009/138/EC) Art.172 – Title I-for third country reinsurers in the EU: equivalent treatment of their activities: Bermuda, Switzerland Art.227 – Chapter VI of Title I-for EU insurers in third countries: solvency rules for calculation of Capital Requirements and Own Funds: Australia, Bermuda, Brazil, Canada, Japan, Mexico and ...