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Solvency II: A Balancing Act

In: Global Perspectives on Insurance Today

Author

Listed:
  • Pamela Schuermans

Abstract

The financial world is in a regulatory fever. Following decades of heralded deregulation, the industry seems in need of guidance, to remind the actors of the consequences of cumulating ill-advised incentives and inadequate actions in a sector which increasingly shapes our society. Europe has been developing a new regulatory framework for the insurance and reinsurance industry, aimed at reinforcing the risk management of undertakings and promoting risk-sensitive supervision. Since the first discussions took place in early 2000, Solvency II has grown into one of the most ambitious legislative projects currently in the European Union (EU).

Suggested Citation

  • Pamela Schuermans, 2010. "Solvency II: A Balancing Act," Palgrave Macmillan Books, in: Cecelia Kempler & Michel Flamée & Charles Yang & Paul Windels (ed.), Global Perspectives on Insurance Today, chapter 0, pages 37-51, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-11737-2_4
    DOI: 10.1057/9780230117372_4
    as

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