Insurance transfers in Europe
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<title>Insurance transfers in Europe</title>
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<namePart>Clyde & Co LLP</namePart>
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<publisher>Clyde & Co</publisher>
<dateIssued>2012</dateIssued>
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<languageTerm type="code" authority="iso639-2b">eng</languageTerm>
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<extent>82 p. 21 cm.</extent>
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<abstract displayLabel="Summary">This book was conceived as a high level guide to the portfolio transfer processes in a number of EEA states, with the objective of giving a broad outline of their scope and effect, and their main requirements. Portfolio transfer mechanisms which permit the transfer of a whole book of business without the need to obtain individual consent from policyholders have always been an extremely useful tool, enabling insurers to divest themselves of capital intensive or non-core portfolios, close down subsidiaries and collapse underwriting pools. Now that Solvency II is looming large on the horizon, and insurers and reinsurers are taking a long hard look at their business in the light of the new capital requirements, portfolio transfers are becoming increasingly popular as insurers seek to rationalise their business in advance of implementation of the new regime. Many insurance groups are reducing the number of subsidiaries they have and moving to a structure with only one risk carrier in the EEA, operating throughout Europe on a passporting basis. Cross border transfers of business within Europe are therefore becoming increasingly common</abstract>
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<topic>Mercado de seguros</topic>
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<topic>Mercado de reaseguros</topic>
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<topic>Solvencia II</topic>
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<topic>Gestión de carteras</topic>
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<topic>Aspectos jurídicos</topic>
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<geographic>Europa</geographic>
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