Is there a duty to publicly disclose sensitive information? – How captives are challenged by reporting and public disclosure duties of Solvency II

Wednesday, November 7, 2012 Veröffentlichungen

Article by Christian Drave in Versicherungspraxis 11/2012

With the Solvency II-directive, the European legislator created a new, standardized system of insurance supervision.  The so-called 3-pillar-model of Solvency II regulates in its third pillar the qualitative requirements on risk management. The qualitative requirements comprise among others reporting and public disclosure duties of insurance undertakings.

Especially captives are challenged by these duties financially and organizationally. Furthermore, captives might be forced to publicly disclose sensitive information of their parent companies, as the article by Christian Drave points out.


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