Financial Support Of Insurance Companies According To The Eu Directive Solvency Ii

In a competitive environment on the financial services market of the EU, participants of the insurance market need to implement safe insurance guaranteed by a certain financial security company. Calculation of the amount of the insurance payment until the end of 2015, included all risks that arise in the insurer activities. The capacity to pay, calculated like this, does not reflect the influence of other risks except for insurance in the operations of insurers. The rules of insurance payments did not match the changes that occurred in the insurance market and various types of risks were taken into account improperly, which allowed the member countries of the European Union to use inappropriate measures for supervision over insurance groups. The implementation of the EU Directive Solvency II makes insurers and reinsurers meet certain requirements, namely coordinate the conditions of solvency and capital adequacy. The analysis of these requirements will allow the participants of the insurance sector to build their own model of successful activities that will not only contribute to fulfilment of their obligations to customers, but provide quality risk management of the insurance company. Creating an internal model, the insurance company must have some developed appropriate processes of risk management, as well as appropriate procedures for management of a model for effective use and further development. In particular the adoption of the internal model requires the implementation of a number of criteria set out in the EU Directive.