New Solvency Regulation: What CEOs of Insurance Companies Think

Details

Serval ID
serval:BIB_8547B1503448
Type
Article: article from journal or magazin.
Collection
Publications
Title
New Solvency Regulation: What CEOs of Insurance Companies Think
Journal
Geneva Papers on Risk and Insurance - Issues and Practice
Author(s)
Kreutzer M., Wagner J.
ISSN
1018-5895
Publication state
Published
Issued date
2013
Peer-reviewed
Oui
Volume
38
Number
2
Pages
213-249
Language
english
Abstract
Current reforms of solvency regulation in Europe include the Swiss Solvency Test, already in force in Switzerland since 2011, and the planned move by the European Union from the Solvency I to the Solvency II framework over the coming years. These changes bring with them more stringent requirements in many areas and thus have a broad impact on the European insurance industry. The scope of this paper is to analyse, on the basis of an industry survey, the perceived magnitude of the impact, the effects and the uncertainty accompanying these reforms. The study highlights significant differences in perception by country, size of business and dominant business line. Furthermore, selected perceived effects of new solvency regulation are shown to have a significant impact on the (planned) sites and scope of business model adaptation.
Keywords
solvency regulation, strategic adaptation, industry survey
Web of science
Open Access
Yes
Create date
04/07/2014 15:25
Last modification date
20/08/2019 14:44
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