Solvency II
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What is Solvency II?
Solvency II is a regulatory framework in the European Union that governs the amount of capital that insurance companies must hold to reduce the risk of insolvency. It aims to ensure the financial soundness of insurers and protect policyholders. It is commonly used to standardize insurance regulation across the EU and to promote better risk management practices within the insurance industry.
What other technologies are related to Solvency II?
Solvency II Complementary Technologies
IFRS 17
IFRS 17 is the International Financial Reporting Standard that governs insurance contracts. While Solvency II focuses on solvency and capital adequacy, IFRS 17 concerns the financial reporting of insurance contracts, specifically the measurement and recognition of insurance revenue and expenses. IFRS 17 information is thus a critical input into Solvency II reporting and governance, and vice versa.
R
R is a programming language and software environment commonly used for statistical computing and graphics. It's widely employed in actuarial science and risk management for modeling and analysis required by Solvency II, making it a complementary tool.
Microsoft Excel
Microsoft Excel is a spreadsheet program that is widely used in the insurance industry for data analysis, modeling, and reporting. It can be used for some Solvency II calculations and reporting, making it a complementary tool, though it is increasingly being replaced by more advanced analytics tools.
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Which job functions commonly mention Solvency II?
Actuary
0.5% of all Actuary jobs mention Solvency II
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jobs on Sumble
Auditor
22 Auditor jobs mention Solvency II
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jobs on Sumble
Accountant
153 Accountant jobs mention Solvency II
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jobs on Sumble
Financial Analyst
28 Financial Analyst jobs mention Solvency II
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jobs on Sumble
Finance
212 Finance jobs mention Solvency II
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jobs on Sumble
Which organizations are mentioning Solvency II?
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