Scheda completa
Solvency II: A Dynamic Challenge for the Insurance Market
- 2017
- Società editrice Il Mulino
Isbn edizione digitale: 9788815332462
Isbn edizione a stampa: 9788815265784
Acknowledgements
Introduction. Solvency II: Reasons behind a Handbook
1. The Quantum Leap - 2. The Handbook - 3. A Work in Progress
Unconventional Afterthoughts on Solvency II
Part I. Solvency II: History, Legal Framework, Regulatory Issues and Perspectives
Chapter I From Solvency to Omnibus. Historical Origins and Normative Evolution
1. Introduction - 2. The Origins of the Reform Process. The Cardiff European Council, the Drafting of the FSAP and the First Results of the Action Plan Relating to the Prudential Supervision of Insurance Undertakings - 3. The Lisbon Strategy. The Solvency I Directives - 4. Towards Solvency II - 5. From Solvency II to Omnibus II
Chapter II Financial Conglomerates: Definition and Supervision
1. Introduction - 2. Financial Regulation - 3. Definition of Financial Conglomerate - 4. Supervision - 5. The Powers of the Supervisory Authority
Chapter III Objectives and Evolution of the New Supervisory Regime
1. Introduction - 2. Regulation in the Insurance Industry - 3. Long-Term Guarantee Measures - 4. A New Regulation Issue: Innovation in Insurance Sector - 5. Concluding Remarks
Foreword
Chapter IV Corporate Governance, the Approach to Risk and the Insurance Industry under Solvency II
1. Background: Corporate Governance of Banks and the Financial Crisis - 2. Risk in Financial Institutions - 3. The Solvency II Project - 4. Corporate Governance Requirements for Groups - 5. Solvency II: Open Issues
Chapter V Solvency II and Sovereign Bonds
1. Introduction - 2. Calculation of Exposure to Sovereign Risk under Solvency II - 3. Why Contracting with States Is Different: Risks Related to the Legal Framework Governing Sovereign Bonds - 4. Contract Clauses and the Balancing of Interest - 5. Concluding Remarks
Chapter VI The Distribution of Insurance Products in the EU Regulation
1. From the 1992 Recommendation on Insurance Intermediaries to the Insurance Mediation Directive - 2. The Main Features of the Insurance Mediation Directive - 3. The Insurance Intermediaries Directive: Preliminary Remarks
Chapter VII Financial Supervision and New Transparency Obligations for Insurers: Introduction to Pillar III
1. Introduction - 2. Solvency II - 3. Supervision and Information Transparency - 4. Dialogue and Cooperation; Perspectives for the Future
Part II. Implementing Practices and Case Studies
Chapter VIII Pillar I: Risk Quantification
1. Risk Mapping - 2. Economic Balance Sheet - 3. Own Funds - 4. Capital Requirements - 5. Authorization Process
Chapter IX Pillar II: Risk Governance
1. System of Governance - 2. Data Quality - 3. Own Risk and Solvency Assessment - 4. Sovereign Debt
Chapter X Pillar III: Risk Transparency
1. Risk Transparency
Chapter XI Case Studies
1. Undertaking-Specific Parameters: A Practical Analysis - 2. Loss Absorbing Capacity of Technical Provisions: A Practical Analysis - 3. The Solvency Capital Requirement for Market Risk: A Practical Analysis - 4. The Volatility Adjustment: A Practical Analysis - 5. CreditRisk+ Methodology: A Practical Analysis - 6. The Aggregation Process: A Practical Analysis
Author Bios
Detailed Table of Contents