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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.
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.
However, as Spanberger pointed out, the future solvency of the retirement benefits program is a separate issue to address, and public workers shouldn’t have to bear the brunt of the burden by ...
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The stars could be aligning — two key senators hope at least — when it comes to figuring out the finances for Social Security and Medicare.
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The Hills Have Eyes 2 was directed by German film director Martin Weisz, and written by father and son team Wes and Jonathan Craven. [3] A graphic novel titled The Hills Have Eyes: The Beginning was published by Fox Atomic Comics to accompany the release of the film; it was released on July 3, 2007.