Solvency II

Present and Future

Inbunden, Engelska, 2026

2 770 kr

Kommande

Beskrivning

Since its adoption by the European Union, the Solvency II Directive has fundamentally changed how insurance companies and groups are supervised, manage risks, and stay financially sound. It has introduced a total balance sheet approach, risk-based capital requirements, a three-pillar framework, and cooperative group supervision. As the regime evolves, following the 2020 Solvency II Review and the Insurance Recovery and Resolution Directive, Solvency II: Present and Future offers timely and expert commentary on the Directive's core principles and current risks. This volume explains the theoretical and practical complexities of valuing insurance liabilities and long-term equity investments, the shifting role of national supervisory authorities, and the efforts to harmonize supervisory practices across the EU, with a particular focus on the role of the European supervisory authority EIOPA. It critically assesses the implications of integrating sustainability risk into insurers' risk management and solvency frameworks-an urgent priority in the face of climate change.In addition to analyzing the EU context, the book situates Solvency II in parallel to global developments such as the IFRS 17, the Insurance Capital Standard (ICS), Solvency UK, and the Swiss Solvency Test. It also addresses future risks, including ESG and systemic risks, evaluating the balance between robust supervision to ensure policyholder protection, financial stability, and the competitiveness of the European insurance industry.Authored by leading academics and experts, this book is essential reading for legal practitioners and consultants advising the insurance and financial services sectors, policymakers, insurance supervisors, and academics. It combines clear explanations of Solvency II's core principles with forward-looking perspectives on its future trajectory, providing a definitive guide to one of the most influential insurance regulatory frameworks in the world.

Produktinformation

Utgivningsdatum:2026-07-16
Mått:171 x 246 x undefined mm
Format:Inbunden
Språk:Engelska
Antal sidor:488
Förlag:OUP OXFORD
ISBN:9780198927617

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Mer om författaren

Karel Van Hulle is Emeritus Professor at the Faculty of Economics and Business at KU Leuven and Honorary Professor at the Faculty of Economics at Goethe University Frankfurt. He joined the European Commission in 1984, where he held responsibilities for company law, financial reporting, corporate governance, and auditing. In 2004, he became Head of Insurance and Pensions and was made responsible for the development of Solvency II. He represented the European Commission within EIOPA and the IAIS. After retiring from the European Commission in 2013, he served as member of the Public Interest Oversight Board (until 2021) and was appointed member of the Board of the Bermuda Monetary Authority. Prof. Van Hulle's contributions to insurance regulation and financial supervision have earned him numerous honours, including being named a Distinguished Fellow of the IAIS in 2013, a Distinguished International Lecturer in Accounting by the American Accounting in 2000, and an Honorary Fellow of the IFoA in 2014.Helmut Gründl is Professor, Chair of Insurance, and Director of the International Center for Insurance Regulation at Goethe University Frankfurt. Before joining Goethe University, Prof. Gründl held the Chair of Insurance and Risk Management at Humboldt University in Berlin from 1999 to 2010. Presently, he teaches courses in corporate finance, insurance economics, as well as asset and liability management of insurance companies, and conducts research that aims to strengthen the scientific basis for regulatory decisions.Mirko Kraft is Professor of Insurance Management at Coburg University, where his teaching and research focuses on Solvency II, risk management, sustainability, and AI/digitalization in insurance. Prior to his academic career, Prof. Kraft worked in the risk management department of the German Insurance Association (GDV), which included a secondment to Brussels. He is a member of the EIOPA Insurance and Reinsurance Stakeholder Group (IRSG) and actively contributes to academic and regulatory discourse internationally.