Solvency : Models, Assessment and Regulation
, by Sandstrom, Arne
- ISBN: 9781420034882 | 142003488X
- Cover:
- Copyright: 9/19/2005
| Introduction | |
| General Outline of the Book | |
| Organizations | |
| A Selection of Solvency Readings | |
| Solvency: What Is It? | |
| In the 18th Century | |
| What Does Solvency Mean? | |
| Past And Present: A Historical Review And Different Approaches To Solvency | |
| The European Union: Solvency 0 and Accounting | |
| The Works of Campagne | |
| Other Steps toward the First Directives | |
| The Non-Life Directives (First, Second, and Third) | |
| The Life Directives (First, Second, and Third) | |
| Calculating the Solvency Margin for Non-Life Insurance | |
| Business | |
| The Insurance Accounting Directive (IAD) | |
| The European Union: Solvency I | |
| The Müller Report | |
| Comments from Groupe Consultatif | |
| The Solvency I Directives | |
| Calculating the Solvency Margin for Non-Life Insurance | |
| Business | |
| Steps toward Solvency II: | |
| Bank for International Settlements (BIS): The New Basel Capital | |
| Accord | |
| IASB: Toward a New Accounting System | |
| IAIS: Insurance Principles and Guidelines | |
| IAA: A Global Framework for Solvency Assessment | |
| EU: Solvency II - Phase I | |
| Steps toward Solvency II: 2 | |
| Australia | |
| Canada | |
| Denmark | |
| Finland | |
| The Netherlands | |
| Singapore | |
| Sweden | |
| Switzerland | |
| U.K | |
| U.S | |
| Some Other Systems | |
| Summary of Different Systems | |
| Present: Modeling A Standard Approach | |
| The Fundamental Ideas | |
| A Model for the Solvency Assessment | |
| Level of Capital Requirements | |
| Risks and Diversification | |
| Risk Measures | |
| Valuations | |
| Fair Value: Introduction | |
| Purposes of Valuation | |
| Best Estimate of Insurance Liability and Technical Provisions | |
| Fair Value | |
| Dependencies, Baseline, and Benchmark Models | |
| Risk Measures | |
| Assume Normality | |
| Assume Nonnormality | |
| Correlations between Risks: Different Levels of Conservatism | |
| Parameters in a Factor-Based Model | |
| One Example of Risk Categories and | |
| Diversification | |
| Insurance Risk | |
| Market Risk | |
| Credit Risk | |
| Operational Risk | |
| Liquidity Risk | |
| Dependency | |
| A Proposal for a Standard Approach: From Formula | |
| to Spreadsheet | |
| The Insurance Risk, CIR | |
| Market Risk, CMR | |
| Credit Risk, CCR | |
| Operational Risk, COR | |
| The Total Factor-Based Model | |
| A Spreadsheet Approach | |
| Parameter Estimates | |
| An Example | |
| Part C Present And Future: Eu Solvency Ii - Phase 2 Groups And Internal Modeling In Brief | |
| The European Union: Reinsurance, Insurance | |
| Groups, and Financial Conglomerates | |
| Reinsurance | |
| Insurance Groups and Financial Conglomerates | |
| The European Union: Solvency II - Phase II | |
| Recommendations for the First Pillar | |
| Recommendations for the Second Pillar | |
| Recommendations for the Third Pillar | |
| General Considerations | |
| The First Wave of Requests (Pillar II) | |
| The Second Wave of Requests Will Include the Following Issues | |
| (Pillar I) | |
| The Third Wave of Requests Will Include the Following Issues | |
| (Pillar III) | |
| A Brief Summary | |
| Further Steps | |
| Internal Models and Risk Management | |
| Forecasting the Future and Risk Management | |
| Appendices | |
| A Proposal for a Standard Approach: One Step | |
| toward Application | |
| Insurance Risk | |
| Market Risk | |
| Credit Risk | |
| Operational Risk | |
| Insurance Classes | |
| Non-Life Classes | |
| Life Classes | |
| From the Non-Life Directives | |
| Solvency 0 | |
| Solvency I | |
| Appendix D | |
| From the Life Directives | |
| Solvency 0 | |
| Solvency I | |
| IAIS: Insurance Principles, Standards, and Guidelines | |
| Principles | |
| Standards | |
| Guidances | |
| From the Proposed Reinsurance Directive | |
| Chapter 3Rules Relating to the Solvency Margin and to the Guarantee Fund | |
| Annex I and Annex II in the Insurance Group Directive | |
| Annex I : Calculation of the Adjusted Solvency of Insurance Undertakings | |
| Annex II: Supplementary Supervision for Insurance Undertakings That | |
| Are Subsidiaries of an Insurance Holding Company, a Reinsurance Undertaking or a Non-Member-Country Insurance Undertaking | |
| From the Financial Conglomerates Directive | |
| Amendments to the Non-Life Directive Made (EEC, 1973) | |
| Amendments to the Life Directive (EEC, 1979) | |
| Amendments to the Insurance Group Directive (COM, 1998) | |
| Annex I: Capital Adequacy | |
| Prudent Person Rule | |
| Article 18 Investment Rules | |
| Table of Contents provided by Publisher. All Rights Reserved. |
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