An outlook on own funds

GDV Comment

Solvency II is a key project of the European Commission. It will replace the current European insurance directives (Solvency I) with its rules on required capital (solvency margin) and on available capital (available solvency margin). In aiming to establish an economic risk-based solvency framework for the European insurance market, not only the calculation of capital requirements will change fundamentally, but also the determination of eligible elements to cover these capital requirements ('own

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