Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/187714 
Authors: 
Year of Publication: 
2017
Citation: 
[Journal:] European Financial and Accounting Journal [ISSN:] 1805-4846 [Volume:] 12 [Issue:] 3 [Publisher:] University of Economics, Faculty of Finance and Accounting [Place:] Prague [Year:] 2017 [Pages:] 87-102
Publisher: 
University of Economics, Faculty of Finance and Accounting, Prague
Abstract: 
European legislation for the prudential regulation of insurance and reinsurance sector has existed since the 1970s, gradually materialized in Directive 92/49/EEC and Directive 2002/83/EC, both known as Solvency I. Due to economic and political development the regime become insufficient and therefore in 2009 was adopted the Directive 2009/138/EC known as Solvency II, which represents a crucial modernization of European insurance regulation. Each of these regimes prescribes its own rules for the valuation of assets, liabilities and available capital to cover regulatory solvency requirement. This paper is focused on detection of conditions set up for valuation of assets and liabilities under each of the regime and to outline the calculation of available capital under each of the model.
Subjects: 
Available own
Available solvency margin
Insurance
Regulation
Solvency I
Solvency II
JEL: 
G22
G28
K23
Persistent Identifier of the first edition: 
Document Type: 
Article

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