Capital requirements, disclosure, and supervision in the European insurance industry
Subtitle: new challenges towards Solvency II
By: Maria Grazia Starita, Irma Malafronte
Contributors: Malafronte, Irma, 1986-
Publisher: Palgrave Macmillan
Published: 2014
Place of publication: Houndmills, Basingstoke, Hampshire; New York, NY
Language: eng
ISBN-13: 9781137390837
Subjects: Insurance; State supervision; Working capital; Capital; BUSINESS & ECONOMICS / Finance; BUSINESS & ECONOMICS / Insurance / Risk Assessment & Management
Description: "Solvency II is the most important regulatory innovation in the field of insurance in the past 20 years. The length of this project, the number of operators involved through impact studies and assessments, the adopted procedure and the wide range of innovations have created an atmosphere of great expectation around Solvency II entering into force. The adoption of a risk-based approach appears to be the most important innovation of the new regulatory framework because it determines important issues related to capital requirements and their supervision as well as their disclosure to the market.  Capital Requirements, Disclosure, and Supervision in the European Insurance Industry provides an interesting analysis of Solvency II's issues by combining both the theoretical approach and the empirical implications and effects on the European insurance industry. It discusses the new challenges facing insurance companies through the examination of its structure, the rules with which insurance companies operating in Europe have to be compliant, and their implementation.  "--
Table of contents: title: Machine generated contents note:; title: 1.Capital Requirements, Disclosure and Supervision in the European Insurance IndustryPART I: THE FRAMEWORK OF SOLVENCY II AND THE CHARACTERISTICS OF THE EUROPEAN INSURANCE MARKET2.Solvency II Directive and the Key Features of the European Insurance MarketPART II: SOLVENCY: REQUIREMENTS AND SUPERVISION3.The Solvency Capital Requirement4.The Supervision of Insurance CompaniesPART III: THE RELATIONSHIP BETWEEN REQUIRED REPORTING AND ACTUAL DISCLOSURE5.The Regulatory Framework for Market Discipline6.The Actual Disclosure7.Solvency II: A Sea of Opportunities.