Solvency II – Day 1

Definition The 1 January 2016 is referred to as Solvency II Day 1. The European wide regulation is in-force ever since. Find the summary here. Concept The concept of Day 1 reporting is described below. All firms that have a company year-end falling on or between 31 December 2015 and 29 June 2016 are required to submit opening Solvency II information, commonly referred to as Day 1 reporting. Firms with…


IFRS Reserving – Concept and Models

Concept Insurance is about sharing risk. At the balance sheet of any insurance company the technical provisions is likely to be an important item. Both in terms of size and in terms of uncertainty. Increasing or decreasing IFRS technical provisions has a direct impact on the company‚Äôs result. There is plenty of research done on how to calculate technical provisions. There are both simple and practical approaches and complex scenarios…

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