Solvency II – The Directive

Solvency capital requirements are part of the Solvency II Insurance Directive issued by the European Union (EU) in 2009. The directive aims to coordinate laws and regulations of the 28 EU members as they relate to the insurance industry. If the supervisory authorities determine that the requirement does not adequately reflect the risk associated with a particular type of insurance, it can adjust the capital requirement higher. Solvency II bring a market-consistent and risk-based…

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