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, and implementation of Solvency II

Providing a guide to the evolution, practice, benefits, and implementation of Solvency II, Executive′s Guide to Solvency II deftly covers this major European regulation which ensures that insurers can meet their risk–based liabilities over a one–year period to a 99.5% certainty. Part of the Wiley and SAS Business series, this book will guide you through Solvency II, especially if you need to understand the subtleties of Solvency II and risk–based capital in basic business language. Among the topics covered in this essential book are:

  • 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 its aim an explanation for executives, practitioners, consultants, and others interested in the Solvency II process and the implications thereof, to understand how and why the directive originated, what its goals are, and what some of the complexities are. There is an emphasis on what in practice should be leveraged upon to achieve implementation, specifically data, processes, and systems, as well as 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 Monocle Solutions, an international risk assessment and optimization company that provides various products and consulting services by way of intellectual property.

Jason Wahl is head of research at Monocle Solutions. His areas of interest include regulation of financial institutions and financial stability.

Stuart Rose is Global Insurance Marketing Manager at SAS Institute, a market-leading business intelligence and analytics software vendor. He has worked for a variety of software vendors where he was responsible for marketing, product management, and application development.

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