Brexit On Solvency Ii -- Conclusion And Recommendations. … due to the loss of the European Passport, the European Solvency II supervisory regime, as well as on stock prices of …, focusing on the structure of the European insurance market, stock market reactions and the Solvency II supervisory regime …

justifies the standard formula for calculating the capital requirement under Solvency II in which imperfect correlations are …

The capital requirements of Solvency II allow insurers to make discretionary choices. Besides extensive possibilities … capital requirement calculation. We gather information on discretionary decisions based on hand-collected Solvency II data for … significantly higher credit risk sensitivities. Our results point out that due to discretionary decisions Solvency II figures can …

Solvency II. However, there is evidence that the standard formula inaccurately reflects insurers’ risk situation and may … provide misleading steering incentives. In the second pillar, Solvency II requires insurers to perform a so-called “Own Risk … Capital Requirement (SCR) calculation under Solvency II. …

claim triangles support our results. The appropriateness of the Solvency II risk margin on a one-year horizon and of the …, actual data suggest that VaRs are predominantly underestimated by the models. Nevertheless, the 99.5%-VaRs under Solvency II …

use of a quadratic proxy model. The Solvency II directive requires insurance companies to calculate their SCR based on the …