Putting a dampener on Solvency II

Technical papers

Solvency requirements for EU insurance undertakings are under review. As the current system has been perceived as being insufficiently risk-based, the European Commission has proposed a revision to the solvency standards under the so-called Solvency II project. This solvency framework for (re-) insurance undertakings is scheduled to be implemented in 2012. Like Basel II for banks it is founded on three pillars: financial requirements, including a risk-based solvency capital requirement (SCR) in

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