Solvency II is the latest set of regulatory requirements and risk management standards developed by European Union (EU) that aims to enhance the level of policyholder protection, ensure the long-term stability of the insurance industry, and create a more consistent...
Economic Capital Life insurers protect policyholders from mortality risk, longevity risk, and investment risk. Consequently, life insurers need a far more comprehensive risk management than, say, banks. Economic Capital for Life Insurance companies simply means the amount of surplus capital...
Implementation guide of FRS 17 for life insurance and annuity companies in India