Executive''s Guide to Solvency II

Providing a guide to the evolution, practice, benefits, and implementation of Solvency II, Executives Guide to Solvency II deftly covers this major European regulation which ensures that insurers can meet their riskbased liabilities over a oneyear period to a 99.5% certainty. Part of the Wiley and SAS Business series, this book will guide you through Solvency II, especially if you need to understand the subtleties of Solvency II and riskbased capital in basic business language. Among the topics covered in this essential book are:

• Background to Solvency II
• Learning from the Basel Approach
• The Economic Balance Sheet
• Internal Models
• People, Process, and Technology
• Business Benefits of Solvency II

Executives Guide to Solvency II  has as its aim an explanation for executives, practitioners, consultants, and others interested in the Solvency II process and the implications thereof, to understand how and why the directive originated, what its goals are, and what some of the complexities are. There is an emphasis on what in practice should be leveraged upon to achieve implementation, specifically data, processes, and systems, as well as recognition of the close alignment demanded between actuaries, the risk department, IT, and the business itself.