Friday, 31 October 2014

[Framework] Solvency II - Part 3 - ERM

BACKGROUND
 Solvency II requires insurers to prepare and implement assessments of the company’s own risks.


Under Pillar 2’s Own Risk and Solvency Assessment (ORSA), insurers are to define and create value for the stakeholders and embed an Enterprise Risk Management Frameworks into governance and decision making processes.

Wednesday, 1 October 2014

[Framework] Solvency II - Part 2 - SCR & MCR

SCR & MCR
This post is a continuation from my previous article on Solvency II  discussing capital requirement,  differences in Solvency I and Solvency II and how different countries are handling capital requirements.