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Fjármálaþjónusta á sviði EU > Insurance > Flashcards

Insurance Flashcards

1
Q

What is the main directive in regards to insurance?

A

The solvency II directive

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2
Q

What are the regulated areas in the solvency directive?

A

life insurance
non-life insurance
Reinsurance

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3
Q

The Solvency directive is also based on a three piller approach (similar to Basel) what are the pillers?

A
  1. quantative requirements for capital ensuring solvency
  2. qualitative requirements for capital ensuring solvency
  3. reporting and disclosure to the public, enhancing market discipline and increasing comparability
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4
Q
A
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Fjármálaþjónusta á sviði EU (17 decks)

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