Solvency
Models, Assessment and Regulation
Format:Hardback
Publisher:Taylor & Francis Inc
Published:19th Sep '05
Currently unavailable, and unfortunately no date known when it will be back
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- Paperback£61.99(9780367392147)
This book provides an in-depth exploration of solvency, covering its historical context, modeling techniques, and implications for the insurance industry under EU regulations.
The book Solvency offers a comprehensive overview of the concept of solvency, beginning with an introduction that sets the stage for its importance in the financial landscape. It provides a historical review of solvency, tracing the evolution of regulations and accounting practices within the European Union. The text delves into the foundational aspects of solvency modeling, highlighting the steps leading to the EU's Solvency II framework. This includes a detailed examination of accounting, supervision, and the actuarial field, as well as insights into the solvency systems of twelve major nations.
In the second section, Solvency shifts focus to the current methodologies for solvency modeling. It emphasizes the valuation of assets and liabilities, exploring various conservative approaches and the implications of dependency. The book illustrates these concepts with examples of risk structures and the benefits of diversification, providing readers with a solid understanding of contemporary solvency practices.
The final section of Solvency addresses the complexities of groups and internal modeling in relation to EU Solvency II. It covers critical topics such as insurance groups, financial conglomerates, reinsurance, and the significance of internal modeling and stress testing. The text concludes with an overview of the current state of the second phase of EU Solvency II, offering valuable insights for professionals in the insurance and financial sectors.
"... a timely and thorough historical analysis of the recent European work on solvency and financial strength and related accounting issues ... The book provides readers with a veritable 'Who's Who' of the numerous organizations intimately involved in the EU solvency debate ... The author unquestionably succeeds, incorporating several detailed quantitative examples through a well-written and organized text. ... Overall, the book offers a thorough and thoughtful discussion of the current state of evolution regarding solvency regulation, theory, and research in the EU. Policymakers, insurance academics, researchers, students, and other interested parties around the world may find this book highly relevant in understanding solvency models, formulation, assessment, and the debate over alternative strategies for reform. The book offers an objective overview of the issues that is understandable to both technical and nontechnical readers as well as important insights into identifying the key players, theory, and application across diverse and potentially unfamiliar systems." -The Journal of Risk and Insurance, December 2009 "...the first available reference to offer a comprehensive account of the recent solvency work conducted in Europe. It provides a nice and very useful summary of the recent developments in the important area of asset and liability management that have been carried out in recent years, answering the insurance industry's demand in the wake of the EU's Solvency II project. ... This book is well written, well organized and a very rich source of useful information for decision makers in the insurance industry, practitioners of the actuarial profession and financial asset managers. Researchers in both the fields of actuarial science and financial economics may find it informative and inspiring to further research in the field of asset and liability modeling." -Scandinavian Actuarial Journal
ISBN: 9781584885542
Dimensions: unknown
Weight: 793g
448 pages