Paper presented at Boston Actuarial Colloquium, May 2008
Abstract : The growing need of a risk-based approach to manage the enterprise as well as assess the capital requirements has led to an important development in the EU. Solvency 2 directives in the EU encompass a wider range of aspects of insurance company operations. The member countries are at various levels in terms of recognizing the specific risk profiles of the insurance companies. Given the various levels of maturity and sophistication at which the member countries are operating,
implementing the directive is not an easy task.
Comments are closed, but trackbacks and pingbacks are open.