The issue of solvency maintenance in the EU member countries is characterized by the permanent presence of the standardization of the insurance operations regulation. Directives of the EU for life and non-life insurance undertakings prescribe obligation of the insurance companies to maintain the solvency margin as the minimal amount of capital that needs to be possessed in case the unpredictable events occur. Nowadays, there are on going activities regarding the determination of the new solvency regulation for EU insurers, based on the specific features of the each insurance company, with intent to better match capital requirements with the insurer's market position, more efficiently protect insurers and shareholders of the insurance company and finally to increase the level of harmonization within the single insurance market.
Lidija Jauković and Vladimir Kašćelan. "The New Solvency Regulation For Insurance Companies In Eu - The Solvency Ii Project." Montenegrin Journal of Economics. vol. 3, no. 5, 2007, p. 77-84
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