Executive's Guide to Solvency II (Google eBook)

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John Wiley & Sons, Sep 23, 2010 - Business & Economics - 208 pages
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A straightforward guide to the evolution, benefits, andimplementation of Solvency II

Providing a guide to the evolution, practice, benefits, andimplementation of Solvency II, Executive′s Guide toSolvency II deftly covers this major European regulationwhich ensures that insurers can meet their risk–basedliabilities over a one–year period to a 99.5% certainty. Partof the Wiley and SAS Business series, this book will guide youthrough Solvency II, especially if you need to understand thesubtleties of Solvency II and risk–based capital in basicbusiness language. Among the topics covered in this essential bookare:

  • Background to Solvency II
  • Learning from the Basel Approach
  • The Economic Balance Sheet
  • Internal Models
  • People, Process, and Technology
  • Business Benefits of Solvency II

Executive′s Guide to Solvency II  has as itsaim an explanation for executives, practitioners, consultants, andothers interested in the Solvency II process and the implicationsthereof, to understand how and why the directive originated, whatits goals are, and what some of the complexities are. There is anemphasis on what in practice should be leveraged upon to achieveimplementation, specifically data, processes, and systems, as wellas recognition of the close alignment demanded between actuaries,the risk department, IT, and the business itself.

  

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Contents

Insurers Risks
11
Solvency II Chronology
33
Learning from the Basel Approach
53
The Solvency II Directive in Brief
71
The Economic Balance Sheet
87
Internal Models
111
People Process and Technology
131
Business Benefits
145
Notes
157
Glossary
171
Selected References
181
Index
187
Copyright

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About the author (2010)

David Buckham is the founder and president of MonocleSolutions, an international risk assessment and optimizationcompany that provides various products and consulting services byway of intellectual property.

Jason Wahl is head of research at Monocle Solutions. Hisareas of interest include regulation of financial institutions andfinancial stability.

Stuart Rose is Global Insurance Marketing Manager at SASInstitute, a market-leading business intelligence and analyticssoftware vendor. He has worked for a variety of software vendorswhere he was responsible for marketing, product management, andapplication development.

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