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Solvency II
Based on the Basle Agreement applicable to banks, the EU has drawn up a new regulatory code for managing the Risks of Insurance companies. The final version of Solvency II should be approved in 2007, for application in 2010. Compared with the Solvency I Directive, currently in force, Solvency II generalises the measuring of operational Risk introduced by the Solvency Capital Requirement and will Lead to increased control by the regulator.
Solvency II
Based on the Basle Agreement applicable to banks, the EU has drawn up a new regulatory code for managing the Risks of Insurance companies. The final version of Solvency II should be approved in 2007, for application in 2010. Compared with the Solvency I Directive, currently in force, Solvency II generalises the measuring of operational Risk introduced by the Solvency Capital Requirement and will Lead to increased control by the regulator.
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