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Solvency capital requirements for a Romanian non-life insurer under Solvency II and Risk-Based Capital frameworks

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  • Aurora Elena DINA (MANOLACHE)

    (Bucharest University of Economic Studies, Romania)

Abstract

The paper provides a theoretical assessment of the Solvency II and Risk Based Capital solvency regimes and a numerical evaluation based on the two important characteristics of the Risk Based Capital framework: accounting principles (book values) and risk parameters calibration (standard deviations for premium and reserve risk sub-module) following the Solvency II standard formula methodology for a Romanian non-life insurance company. The results of the numerical evaluation of two assumptions reveal a substantial impact in the overestimation/underestimation of the solvency capital requirements.

Suggested Citation

  • Aurora Elena DINA (MANOLACHE), 2019. "Solvency capital requirements for a Romanian non-life insurer under Solvency II and Risk-Based Capital frameworks," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(Special), pages 7-18.
    • Handle: RePEc:agr:journl:v:xxvi:y:2019:i:special:p:7-18
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