The Same But Different - What Can The Insurance Market Learn From Banks In The Implementation Of Solvency II?
Mondaq Business Briefing › United Kingdom Law Articles in English (2007)
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The Same But Different - What Can The Insurance Market Learn From Banks In The Implementation Of Solvency II?
Introduction
Hot on the heels of Basel II, the new riskbased approach for regulatory capital in the banking sector, comes Solvency II. You could be forgiven for thinking of Solvency II as "Basel for Insurers" but the nuances of the risk exposures faced and risk management practices deployed by insurers is driving a Solvency II that can stand out on its own.Nevertheless, there are undoubtedly similarities between the two, particularly in the structure and requirements of the regulation and the way in which Basel II led banks to enhance the way they managed and ...See the full content of this document
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