[article] 
in Les cahiers de l'IFID > 3 [10/12/2021] . - 25 p.

Titre :	Solvency II Quantitative Requirements : Application of the Standard Formula on a Mutual Insurance Company
Type de document :	texte imprimé
Auteurs :	Mohamed Ferjani, Auteur
Année de publication :	2021
Article en page(s) :	25 p.
Langues :	Anglais
Catégories :	6 Politique, droit et économie:6.70 Finances et commerce:Finances:Assurance
Mots-clés :	Solvency II  Standard Formula  SCR  Risk  Mutual insurers
Résumé :	Solvency II is a European directive that entered into force by the start of 2016 announcing the start of a highly regulated insurance sector. This new reform came in with two sets of requirements, quantitative and qualitative. The quantitative requirements can be calculated using either an internal model or the standard formula calibrated using 5 QIS (quantitative impact requirements). In this article, we will apply the standard formula on a Tunisian mutual insurance company in order to assess the new directive’s impact on the Company and to compare it to current regulation’s one. This evaluation of the firm’s solvency before the directive’s implementation in Tunisia will provide it enough time to adjust to any difficulty and look through the possibilities of optimisation based on the recommendations.

[article] Solvency II Quantitative Requirements : Application of the Standard Formula on a Mutual Insurance Company [texte imprimé] / Mohamed Ferjani, Auteur . - 2021 . - 25 p.
Langues : Anglais
in Les cahiers de l'IFID > 3 [10/12/2021] . - 25 p.

Catégories :	6 Politique, droit et économie:6.70 Finances et commerce:Finances:Assurance
Mots-clés :	Solvency II  Standard Formula  SCR  Risk  Mutual insurers
Résumé :	Solvency II is a European directive that entered into force by the start of 2016 announcing the start of a highly regulated insurance sector. This new reform came in with two sets of requirements, quantitative and qualitative. The quantitative requirements can be calculated using either an internal model or the standard formula calibrated using 5 QIS (quantitative impact requirements). In this article, we will apply the standard formula on a Tunisian mutual insurance company in order to assess the new directive’s impact on the Company and to compare it to current regulation’s one. This evaluation of the firm’s solvency before the directive’s implementation in Tunisia will provide it enough time to adjust to any difficulty and look through the possibilities of optimisation based on the recommendations.