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Solvency assessment for insurance groups in the United States and Europe : a comparison of regulatory frameworks

Recurso electrónico / electronic resource
MARC record
Tag12Value
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001  MAP20130015514
003  MAP
005  20130521130045.0
008  130513e20130401esp|||p |0|||b|spa d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎214
1001 ‎$0‎MAPA20130006048‎$a‎Siegel, Caroline
24510‎$a‎Solvency assessment for insurance groups in the United States and Europe ‎$b‎: a comparison of regulatory frameworks‎$c‎Caroline Siegel
520  ‎$a‎As a reaction to the increasing trend of insurers forming and participating in financial conglomerates and insurance groups, supervisory authorities are currently developing group-wide solvency regulations. The International Association of Insurance Supervisors (IAIS) recently published an issues paper that discusses the challenges to group supervision and defines criteria for a thorough group solvency framework. Based on these criteria, this article provides an overview and comparison of three important approachesthe U.S. solo-plus approach of the National Association of Insurance Commissioners, Switzerland's group structure model and the Solvency II Directive on Group Solvency Assessment. The analysis reveals various deficits within the group regulation of the United States implying the need for future regulatory work. By contrast, the performance of the European frameworks with regard to the IAIS criteria is good. In particular, the Swiss framework can be seen as a prime example of an innovative and solid group solvency assessment.
650 1‎$0‎MAPA20080564254‎$a‎Solvencia II
650 1‎$0‎MAPA20080590567‎$a‎Empresas de seguros
650 1‎$0‎MAPA20080608804‎$a‎Supervisión de seguros
650 1‎$0‎MAPA20080582418‎$a‎Riesgo financiero
650 1‎$0‎MAPA20080588342‎$a‎Tests de solvencia
650  ‎$0‎MAPA20190001342‎$a‎Administración de la empresa de seguros
651 1‎$0‎MAPA20080638337‎$a‎Estados Unidos
651 1‎$0‎MAPA20080637668‎$a‎Suiza
7730 ‎$w‎MAP20077100215‎$t‎Geneva papers on risk and insurance : issues and practice‎$d‎Geneva : The Geneva Association, 1976-‎$x‎1018-5895‎$g‎01/04/2013 Volumen 38 Número 2 - abril 2013 , p. 308-331