Solvency 2 Directive 2009 vs NextLevel Base

The Solvency II directive sets out new and stronger EU-wide requirements on capital adequacy and risk management for insurers, with the aim of increasing protection for policyholders. The strengthened regime should reduce the possibility of consumer loss or market disruption in insurance. This application aims to provide you with a handy reference that is available to you at all times. You can search for keywords in the Solvency II directive, bookmark search results and navigate easily within the application. In light of bifurcation discussions in Europe, the Solvency II directive will go live for supervisors and the European Insurance and Occupational Pensions Authority (EIOPA) on 30 June 2013 (i.e. transposition of the directive will be complete by this point). Solvency II will be adopted by all 27 European Union (EU) Member States plus three of the European Economic Area (EEA) countries. As a consistent European standard, Solvency II should help to protect policyholders' interests more effectively by making firm failure less likely, and by reducing the probability of consumer loss or market disruption. It should also make it easier for firms to do business across the EU, as the current patchwork of varying local standards, established to supplement Solvency I, will be replaced by more consistent requirements.

This app is a comprehensive training tool to help you succeed in business and in finance! Watch training videos, contact coaches, and download the materials for your success! Track your numbers, get held accountable, and boost your motivation by using the "Tracking" section! Get reminders for training, meetings, and major events coming up! Grow into leadership, access new material and content to get promoted to RVP!