Providing a guide to the evolution, practice, benefits, and implementation ofSolvency II, "Executive's Guide to Solvency II" deftly covers this major European regulation which ensures that insurers can meet their risk-based liabilities over a one-year period to a 99.5 per cent certainty. Part of the "Wiley and SAS Business" series, this book will guide you through Solvency II, especially if you need to understand the subtleties of Solvency II and risk-based capital in basic business language. Among the topic covered in this essential bookare: Background to Solvency II; Modeling 101 for Solvency II; Regulatory versus Economic Capital; Alternative Risk Transfer Methods; Learning from the Basel Approach; and, Benefits of Effective Risk Management. Addressing any pitfalls that may arise, "Executive's Guide to Solvency II" will help you implement Solvency II as a best practice risk management framework and a future regulatory compliance requirement INDICE: Preface. Acknowledgments. Chapter 1: The Evolution of Insurance. Risk Perception. Early Risk Instruments. Role of Insurance in Economic Growth and Prosperity. Conclusion. Chapter 2: Insurers' Risks. Insurable and Uninsurable Events. Risk Taxonomy. Underwriting Risk. Market Risk. Credit Risk. Operational Risk. Liquidity Risk. Risk Transfer and Mitigation. Conclusion. Chapter 3: Solvency II Chronology. Need for Insurance Regulations. Why Do Insurers Fail? Causes of Failure. Initial Solvency Directives. Process of the Solvency II Project. Conclusion. Chapter 4: Learning from the Basel Approach. Regulation inContext of the Credit Crisis. Evolution of Banking Regulation. Application toSolvency II: Regulation. Application to Solvency II: Business Logic. Lessons from the Credit Crisis. Conclusion. Chapter 5: The Solvency II Directive in Brief. What Is Solvency II? Solvency II Is Principles Based. Partial and Internal Models. Economic Capital. The Economic Balance Sheet. Structure of the Directive. Conclusion. Chapter 6: The Economic Balance Sheet. Total Balance Sheet Approach. Quantitative Stipulations of the Level 1 Text. The Standard Formula. Non-Life Underwriting Risk Module. Market Risk Module. Default Risk Module. Conclusion. Chapter 7: Internal Models. Complexity of Implementation. Definitionand Scope of Internal Models. Internal Models Application. Tests and Standards. Conclusion. Chapter 8: People, Process, and Products. Key to a Successful Solvency II Project. People. Process. Technology. Data Management. Risk Analysis. Reporting. Conclusion. Chapter 9: Business Benefits. Regulation Past and Present. Benefits of an Enterprise Data Management Framework. Benefits of an Economic Balance Sheet. Benefits in Perspective. Benefits beyond Solvency II. Conclusion. Notes. Glossary. Selected References. About the Authors. Index.
- ISBN: 978-0-470-54572-0
- Editorial: John Wiley & Sons
- Encuadernacion: Cartoné
- Páginas: 208
- Fecha Publicación: 10/11/2010
- Nº Volúmenes: 1
- Idioma: Inglés