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3 Cards in this Set

  • Front
  • Back
1. European Union Solvency II Directive
Covering over 30 countries it
is the biggest ever exercise in establishing a single set
of rules governing insurer creditworthiness and risk
management.
2. Solvency II
that capital is not the only (or necessarily the best) way to
mitigate failure.
3. What is the primary cause of failure?
the primary causes of failure were poor management and inappropriate risk decisions, rather than capital inadequacy per se.