Title

Modeling the Risk in Agreement with the Solvency II Regulations and Possible Implications on the Romanian Insurance Market.

Authors

Casian, Butaci

Abstract

In the process of capital adequacy, an insurance or re-insurance company is faced with the problem of shaping the risks to which all its entire activity is exposed to. Solvency II Directive 2009/138/EC brings under regulation the evaluation of the technical reserves and the capital requirements allowing the insurance and reinsurance companies to determine the respective sizes using a standard formula of modeling the risks or through the development and implementation of an internal model. In this work, a synthesis of the Solvency II regulations is proposed of modeling risks, and also an analysis on the way in which the respective regulations could influence the activity of insurance companies operating in Romania.

Subjects

INSURANCE companies; INSURANCE companies -- Risk management; REINSURANCE companies; CAPITAL requirements; INSURANCE exchanges

Publication

Ovidius University Annals, Series Economic Sciences, 2013, Vol 13, Issue 2, p548

ISSN

2393-3127

Publication type

Academic Journal