Solvency

Until now there were no published analyses of the recent solvency work conducted in Europe, specifically the risk categories proposed by the IAA. Answering the insurance industry's demand in the wake of the EU Solvency II project, Solvency: Models, Assessment and Regulation provides a concrete summary and review of solvency. Following an introduction to the concept, the first section of the book provides a historical review of solvency. The second section explores the current basis for solvency modeling, and the final section discusses groups and internal modeling as it relates to EU Solvency II.