Karel Van Hulle – författare

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.

With a foreword by Gabriel Bernardino, Chairman of EIOPASolvency II (Directive 2009/138/EC ) regulates the solvency requirements for EU insurers and reinsurers. It aims to reduce the risk that an insurer would be unable to meet claims, to provide early warning to supervisors so that they can intervene promptly if capital falls below the required level, and to promote confidence in the financial stability of the insurance sector. Solvency II not only sets out the capital requirements to guarantee policyholder protection, but also includes measures to stimulate risk management and good governance and to improve transparency.This book provides a thorough and well-structured overview of the regulatory regime and how it will affect insurers, re-insurers and other market participants, including policyholders. The author, who was closely involved in the making of Solvency II, offers all the necessary insights and explanations to better understand the new solvency regime. While Solvency I only sets basic solvency standards, Solvency II is more sophisticated introducing a risk based solvency capital regime and modernising EU insurance regulation thus putting much emphasis on high quality prudential supervision. This improves the protection of policyholders, creates an incentive for good risk management, recognizes the economic reality of a group, establishes market transparency and provides for a modern risk based supervisory regime, in short, as the book's subtitle already suggests, Solvency II is good for you.Solvency Requirements for EU Insurers provides a unique insight into the complex world of insurance and will be useful to risk managers, actuaries, accountants, lawyers, board members of (re) insurance companies, insurance intermediaries, consultants, regulators, supervisors, academics, students and, more generally, all those involved with or interested in insurance and in the operation of the insurance market.