The Solvency II Handbook
Marcelo Cruz (ed)
Sold by BooksRun, Philadelphia, PA, U.S.A.
AbeBooks Seller since 2 February 2016
Used - Soft cover
Condition: Used - Very good
Ships within U.S.A.
Quantity: 1 available
Add to basketSold by BooksRun, Philadelphia, PA, U.S.A.
AbeBooks Seller since 2 February 2016
Condition: Used - Very good
Quantity: 1 available
Add to basketIt's a well-cared-for item that has seen limited use. The item may show minor signs of wear. All the text is legible, with all pages included. It may have slight markings and/or highlighting.
Seller Inventory # 1906348197-11-1
The Solvency II Handbook brings together some of the best known and most renowned experts in insurance risk management to provide a detailed examination of the main requirements and impacts of Solvency II to insurers and reinsurers.
Marcelo Cruz brings together highly regarded practitioners and academics working in the Solvency II area to provide a practical guide for implementing internal models the focus of Pillar I and the area demanding greater attention in preparing for Solvency II. The book also gives practical examples for the key areas outlined throughout the three pillars of Solvency II, taking a close look at insurance risk, market risk, credit risk, liquidity risk and operational risk.
The Solvency II framework directive was approved in 2009 2Q by the European Parliament, and the insurance industry must now move quickly with their preparations to be compliant with this framework by 2012 3Q. As Solvency II allows insurers to use internally developed models for measuring risks for the first time, this is quite a challenge for these companies. Solvency II follows Basel II s similar three-pillar structure, which will regulate risk measurement requirements, supervisor review and market discipline and disclosure. The demands for Solvency II are quite extensive and will change the insurance industry worldwide with better risk assessment and mitigation and much higher financial and risk disclosure details.
The Solvency II Handbook provides an introduction and deeper look into the Solvency II framework, exploring in detail the current practices within the insurance industry and the impact of Solvency II; looking at what the issues and challenges of building an internal model are, risk management implementation as it is and, crucially, the regulatory perspective on calculating solvency capital requirements. The book then moves onto explore in greater depth how to measure and manage financial risk, insurance risk, operational risk as well as providing key chapters on economic capital and hedging.
From now until 2012 the relevant regulatory bodies will be looking to govern and approve company s internal models. This must-read book is essential to all insurers and reinsurers who are currently in the process of choosing between using the standard formula or, in particular, developing their own internal risk management framework.
For practitioners and regulators, this is a one-stop reference tool that contains the most up-to-date thinking on internal modelling ideas and how to prepare for Solvency II compliance. The Solvency II Handbook is the only book currently on the market that focuses solely on this subject.
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