SOLVENCY II – THE NEW EU SOLVENCY REGIME ON THE INSURANCE MARKET
The main causes that lead to insurer’s solvency issues such as the underwriting, investment or reinsurance deficiencies have remained the same over time. However, their incidence is increasing, as well as their complexity. Solvency II, the latest directive in this field is intended to be the legisla...
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| Format: | Article |
| Language: | English |
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Publishing house of University of Pitesti, Romania
2012-12-01
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| Series: | Buletin ştiinţific: Universitatea din Piteşti. Seria Ştiinţe Economice |
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| Online Access: | http://economic.upit.ro/repec/pdf/2012_2_11.pdf |
| _version_ | 1819039949340540928 |
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| author | Emilia CLIPICI |
| author_facet | Emilia CLIPICI |
| author_sort | Emilia CLIPICI |
| collection | DOAJ |
| description | The main causes that lead to insurer’s solvency issues such as the underwriting, investment or reinsurance deficiencies have remained the same over time. However, their incidence is increasing, as well as their complexity. Solvency II, the latest directive in this field is intended to be the legislative act that will settle the solvency issue on the European insurance market. The Solvency II Directive will lead to a new approach to the supervision process at the common European level, based on economic principles for assessing the assets and liabilities. It will use common principles when taking into account the multitude and variety of risks to which the company is exposed. These will form the basis for establishing the level of the capital and updating the calculation methods for the capital of the insurance companies under unusual circumstances. The article summarizes the Directive and describes some difficulties arising in connection with its rendering and implementation at the Member State level. |
| first_indexed | 2024-12-21T09:01:20Z |
| format | Article |
| id | doaj.art-80c413f110f14489b1684e944a7b0291 |
| institution | Directory Open Access Journal |
| issn | 1583-1809 |
| language | English |
| last_indexed | 2024-12-21T09:01:20Z |
| publishDate | 2012-12-01 |
| publisher | Publishing house of University of Pitesti, Romania |
| record_format | Article |
| series | Buletin ştiinţific: Universitatea din Piteşti. Seria Ştiinţe Economice |
| spelling | doaj.art-80c413f110f14489b1684e944a7b02912022-12-21T19:09:27ZengPublishing house of University of Pitesti, RomaniaBuletin ştiinţific: Universitatea din Piteşti. Seria Ştiinţe Economice1583-18092012-12-01112112119SOLVENCY II – THE NEW EU SOLVENCY REGIME ON THE INSURANCE MARKETEmilia CLIPICIThe main causes that lead to insurer’s solvency issues such as the underwriting, investment or reinsurance deficiencies have remained the same over time. However, their incidence is increasing, as well as their complexity. Solvency II, the latest directive in this field is intended to be the legislative act that will settle the solvency issue on the European insurance market. The Solvency II Directive will lead to a new approach to the supervision process at the common European level, based on economic principles for assessing the assets and liabilities. It will use common principles when taking into account the multitude and variety of risks to which the company is exposed. These will form the basis for establishing the level of the capital and updating the calculation methods for the capital of the insurance companies under unusual circumstances. The article summarizes the Directive and describes some difficulties arising in connection with its rendering and implementation at the Member State level.http://economic.upit.ro/repec/pdf/2012_2_11.pdfSolvencyInsuranceInsurer’s risks |
| spellingShingle | Emilia CLIPICI SOLVENCY II – THE NEW EU SOLVENCY REGIME ON THE INSURANCE MARKET Buletin ştiinţific: Universitatea din Piteşti. Seria Ştiinţe Economice Solvency Insurance Insurer’s risks |
| title | SOLVENCY II – THE NEW EU SOLVENCY REGIME ON THE INSURANCE MARKET |
| title_full | SOLVENCY II – THE NEW EU SOLVENCY REGIME ON THE INSURANCE MARKET |
| title_fullStr | SOLVENCY II – THE NEW EU SOLVENCY REGIME ON THE INSURANCE MARKET |
| title_full_unstemmed | SOLVENCY II – THE NEW EU SOLVENCY REGIME ON THE INSURANCE MARKET |
| title_short | SOLVENCY II – THE NEW EU SOLVENCY REGIME ON THE INSURANCE MARKET |
| title_sort | solvency ii the new eu solvency regime on the insurance market |
| topic | Solvency Insurance Insurer’s risks |
| url | http://economic.upit.ro/repec/pdf/2012_2_11.pdf |
| work_keys_str_mv | AT emiliaclipici solvencyiitheneweusolvencyregimeontheinsurancemarket |