Challenging design

Comment

Solvency II, which is currently one of the most important legislative projects of the EU concerning the insurance industry, will lead to a fundamentally new understanding of insurance supervision. The objective of Solvency II is a risk-based approach with respect to the assessment of insurance companies' business activity (assets and liabilities side) and thus more risk-based capital requirements (Pillar I).

In addition to capital requirements, other supervisory tools will be included in the