publication . Article . 2017

Financial management of insurance companies in the context of the new regime Solvency II

Istrate Costin; Badea Dumitru;
Open Access English
  • Published: 01 Jul 2017 Journal: Proceedings of the International Conference on Business Excellence (issn: 2558-9652, Copyright policy)
  • Publisher: Sciendo
Abstract
The new solvency regime Solvency II represents a solid and harmonized prudential framework applicable by insurance companies in the European area. Solvency II was implemented in the European Union by adopting Directives 2009/138/EC respectively 2014/51/EU, replacing existing directives regulating solvency former regime, known as Solvency I. Thus, the new European legislation in insurance, applicable from 1 January 2016, was aimed at unifying the main European insurance market and ensuring consumer protection. The responsible authority at EU level with the implementation of the new solvency regime is EIOPA - European Insurance and Occupational Pensions Authority,...
Subjects
free text keywords: Solvency II, financial management, insurance companies, IFRS, Business, HF5001-6182
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