The Principle of Proportionality, Solvency II and Captives
Language: English
Published by Springer, Palgrave Macmillan Mär 2025, 2025
- Hardcover
- New
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This item is printed on demand - Print on Demand Titel. Neuware -This book offers an in-depth analysis of the principle of proportionality in the EU insurance regulatory regime. It takes a critical look at how proportionality has been implemented in Solvency II and tests its effectiveness on captive (re)insurance undertakings. Given their unique business model, captives are considered the primary beneficiary of proportionality and therefore offer the perfect 'litmus test' for the principle's effectiveness.Springer-Verlag KG, Sachsenplatz 4-6, 1201 Wien 260 pp. Englisch.
Seller Inventory # 9783031822667
- Title
- The Principle of Proportionality, Solvency II and Captives
- Author
- Marta Ostrowska
- Publisher
- Springer, Palgrave Macmillan Mär 2025
- Publication year
- 2025
- Condition
- Neu
- Binding
- Buch
- Language
- English
- ISBN 10
- 3031822668
- ISBN 13
- 9783031822667
- Item weight
- 557 grams
- Dimensions
- 241x160x20 mm
This book offers an in-depth analysis of the principle of proportionality in the EU insurance regulatory regime. It takes a critical look at how proportionality has been implemented in Solvency II and tests its effectiveness on captive (re)insurance undertakings. Given their unique business model, captives are considered the primary beneficiary of proportionality and therefore offer the perfect ‘litmus test’ for the principle’s effectiveness.
In a world characterized by overregulation and increasingly complex financial markets, governments and policymakers face the challenge of regulating markets without hindering their growth. As ‘one-size-fits-all’ approaches have long-since been recognized as detrimental, the EU is seeking to develop a regulatory technique which allows more individual regulatory treatment while ensuring a level playing field.
The first revolutionary step towards this goal was taken in Solvency II (Directive 2009/138/EC), which introduced a principle of proportionality to the EU insurance market. The principle is a unique tool which makes it possible to adjust the requirements of the Solvency II framework to the nature, scale, and complexity of each individual insurance undertaking’s risk profile. It is intended to help remove an unnecessary regulatory burden for insurance undertakings, and to prevent the proliferation of regulations in general. However, the practical implementation of proportionality is not without its share of obstacles. The principle’s generic nature and the lack of guidance have caused a great deal of confusion regarding its practical application and prevented insurance undertakings from using its benefits to the fullest. Consequently, the principle of proportionality has been subject to revision within the first Solvency II review process.
The book will benefit captive owners, captive managers, regulators, supervisors, practitioners, academics, students and, more generally, all those involved with or interested in the insurance market.
"Synopsis" may belong to another edition of this title.
About the Author
Dr. Marta Ostrowska is a lecturer in Insurance Law and Policy at the Law Faculty of the University of Zurich. She has published widely in the field of insurance and reinsurance law. Her research focuses mainly on the use of legislative measures to govern market behavior in insurance. She speaks as an insurance expert in academic and industry events. Prior to working in academia, Marta practised law in the Financial Institutions Department at Hogan Lovells in Warsaw.
"About the title" may belong to another edition of this title.
buchversandmimpf2000
Emtmannsberg, BAYE, Germany
AbeBooks seller since January 23, 2017
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