130516 Solvency II for Beginners.pdf
130516 Solvency II for Beginners.pdf
130516 Solvency II for Beginners.pdf
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Why has <strong>Solvency</strong> <strong>II</strong> been created?• <strong>Solvency</strong> I only a minor tweak of previousrequirements• Create a (more) principles‐based system• Risk‐sensitive capital requirements• Alignment with best risk management practices• Consistent application across EU –from minimumstandards to “Maximum Harmonisation”• Consolidate all existing life, non‐life and reinsurancedirectives
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