The Solvency II Process: Overview and Critical Analysis
Journal
Risk Management & Insurance Review
ISSN
1098-1616
Type
journal article
Date Issued
2007-03-31
Author(s)
Abstract
As early as the 1970s, European Union (EU) member countries implemented rules to coordinate insurance markets and regulation. However, with the more recent movement toward a general single EU market, financial services regulation has taken on new meaning and priority. Solvency I regulations went into effect for member nations by January 2004. The creation of risk-based capital standards, the main focus of Solvency II, now appears likely sometime after 2007. The purpose of the discussion presented here is to outline the specifics of Solvency II as they currently stand and provide input to evaluation process that, ultimately, will determine the exact form of capital regulation. Our analysis leads us to conclude that caution is warranted.
Language
English
Keywords
Regulation
Market Discipline
Solvency II
HSG Classification
contribution to scientific community
Refereed
Yes
Publisher
Wiley-Blackwell
Publisher place
Malden, Mass.
Volume
10
Number
1
Start page
69
End page
85
Pages
17
Subject(s)
Division(s)
Eprints ID
21140