Summary |
In The Solvency II Handbook, Marcelo Cruz brings together leading practitioners and academics working on Solvency II to provide a practical guide for implementing internal models – the focus of Pillar I and the area demanding greater attention in preparing for Solvency II. The book equips the reader with practical examples of how to tackle the key demands across the three pillars of Solvency II, taking in-depth looks at insurance, market, credit, liquidity and operational risks.
Moreover, little published material has focused on enterprise risk management for insurers, an approach that most, if not all, are trying to implement, either by internal demand or regulatory compliance. By providing a comprehensive overview across the risk spectrum, the book enables the reader to assemble a picture of the risks at a firm-wide level. This must-read book is essential to all insurers and reinsurers who are currently in the process of choosing between using the standard formula or, in particular, developing their own internal risk management framework.
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