Solvency II


Also found in: Acronyms, Wikipedia.

Solvency II

Proposed regulation for insurers in the European Union. Solvency II would harmonize the insurance regulation in EU member states, permitting any insurer registered in one member state to operate in any other member state. Solvency II would put in place capital requirements for insurers to reduce the risk that they would be unable to meet obligations when an unusually high number of claims has been made. Solvency II is expected to take effect in January 2013.
References in periodicals archive ?
Release date- 22082019 - In this AMBestTV episode, Timothy Prince, director of analytics, AM Best, said Solvency II ratios typically focus on one-year projections, while Best's Capital Adequacy Ratio (BCAR) considers a longer time horizon.
At the end of June 2019, Sampo's solvency ratio, according to the Solvency II directive, amounted to 137%.
Professor Karel Van Hulle, Associate Professor at the Economics and Business Faculty of the KU Leuven, talked about Solvency II and Paul Stanley, Managing Director & UK insurance Lead, Accenture looked to the future of the insurance industry.
This represents one extra notch compared with our treatment of standard Solvency II Tier 2 instruments to reflect the higher non-performance risk arising from the fully flexible interest cancellation.
Solvency II is an EU directive, that, thorough equivalence, gives Bermuda's commercial insurers and reinsurers access to the EU market.
The Central Bank's Seana Cunningham said: "This is the Central Bank's first enforcement action in respect of Solvency II breaches."
Motivated by the regulatory authorities' goal, this article evaluates whether the Basel III and Solvency II standard approaches for market and credit risks are consistent.
insurance regulatory system, the United States will not submit to the EU's formal Solvency II equivalence process to assess and rule on the adequacy of the U.S.
* An overview of the Solvency II Directive, and discusses important features in terms of capital adequacy, supervision and disclosure.
On a proforma basis, the 'Day 1' impact of this transaction decreases the Group's Solvency II surplus by around GBP 50m and the Solvency II coverage ratio by around 3 percentage points.
insurers and reinsurers will be permitted to operate in the EU on the same regulatory terms as insurers and reinsurers domiciled in the EU or in jurisdictions deemed equivalent under Solvency II." The EU insurance regulatory reform known as Solvency II took effect on Jan.
The company fulfils all capital requirements of Solvency I and Solvency II. As per EU directives, Solvency II is scheduled to come into effect in 2016.