Currency risk : briefing note

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<title>Currency risk</title>
<subTitle>: briefing note</subTitle>
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<publisher>Insurance Europe</publisher>
<dateIssued>2013</dateIssued>
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<abstract displayLabel="Summary">Currency risk arises when obligations an entity has promised to fulfil (liabilities) are in a different currency from the assets it holds to cover those liabilities. This exposes the entity to fluctuations in exchange rates. In particular, it poses a threat if the value of the currency in which liabilities are priced appreciates relative to the currency of the assets. Currency risk applies to insurers and reinsurers as well as other businesses. The Solvency II Framework Directive requires currency risk to be assessed over the coming 12 months to calculate an insurers solvency capital requirement (SCR)</abstract>
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<topic>Solvencia II</topic>
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<topic>Mercado de valores</topic>
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<topic>Control de seguros</topic>
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<topic>Riesgo de cambio</topic>
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<topic>Requerimientos financieros</topic>
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<topic>Riesgo financiero</topic>
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<topic>Empresas de seguros</topic>
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<geographic>Unión Europea</geographic>
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