Odomirok.25-Solv2 - Revision history

Graham at 21:55, 26 January 2026

2026-01-26T21:55:50Z

Graham at 19:22, 26 November 2025

2025-11-26T19:22:01Z

Graham at 01:11, 24 February 2025

2025-02-24T01:11:57Z

Graham at 14:12, 14 February 2025

2025-02-14T14:12:47Z

Graham at 21:20, 3 July 2024

2024-07-03T21:20:18Z

Graham: /* Study Tips */

2024-06-22T13:53:00Z

‎Study Tips

Graham at 20:43, 12 June 2024

2024-06-12T20:43:06Z

Graham at 20:42, 12 June 2024

2024-06-12T20:42:45Z

Graham: /* 2017.Spring #20 */

2024-06-09T18:00:18Z

‎2017.Spring #20

Graham: /* Regulator Action Under Solvency II */

2023-08-22T13:57:41Z

‎Regulator Action Under Solvency II

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 [https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=25-Solv2&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>
-&nbsp;&nbsp;[https://www.battleacts6us.ca/vanillaforum6us/categories/odomirok-25-solv2<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
+&nbsp;&nbsp;[https://battleacts.discourse.group/c/candidates-6u/odomirok-25-solv2/194<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
 ==In Plain English!==

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 '''Author''': ''Kathleen C. Odomirok'', FCAS, MAAA, ''Liam M. McFarlane'', FCIA, FCAS, ''Gareth L. Kennedy'', ACAS, MAAA, ''Justin J. Brenden'', FCAS, MAAA, ''EY''
-[https://www.battleacts6us.ca/vanillaforum6us/categories/odomirok-25-solv2<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
+[https://battleacts.discourse.group/c/candidates-6u/odomirok-25-solv2/194<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
 <span style="display: inline-block; background-color: blue; color: white; font-weight: bold; text-align: center; line-height: 50px; width: 50px; height: 50px; border-radius: 50%;">VIDEO</span> &rarr;

← Older revision		Revision as of 01:11, 24 February 2025
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	[https://www.battleacts6us.ca/vanillaforum6us/categories/odomirok-25-solv2<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]		[https://www.battleacts6us.ca/vanillaforum6us/categories/odomirok-25-solv2<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
		+
		+	<span style="display: inline-block; background-color: blue; color: white; font-weight: bold; text-align: center; line-height: 50px; width: 50px; height: 50px; border-radius: 50%;">VIDEO</span> →
		+	[https://battleacts6us.ca/video/240_Solvency_II_(v01).mp4 <span style="color: black; font-size: 12px; background-color: aqua; border: solid; border-width: 2px; border-radius: 10px; border-color: aqua; padding: 5px 10px 5px 10px; margin-top: 100px;">'''(6:30) → Solvency II - General Overview'''</span>]
		+	([[Videos \|Click here for all currently available videos.]])

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 || '''BA Quick-Summary''': <span style="color: green;>'''Solvency II'''</span>
-* Solvency II, effective from January 1, 2016, is a principle-based regulatory system in the EU that '''ties insurance companies' required capital''' to their '''risk profiles''', emphasizing quantitative capital requirements, supervisory activities, and transparency.
+* Solvency II, effective from January 1, 2016, is a principles-based regulatory system in the EU that '''ties insurance companies' required capital''' to their '''risk profiles''', emphasizing quantitative capital requirements, supervisory activities, and transparency.
 * It '''contrasts with the U.S. regime''', which is state-based and focused on individual statutory entities, although the U.S. has adopted the Own Risk and Solvency Assessment (ORSA) for better group-wide supervision. Actuaries play a critical role in this process by establishing ERM frameworks, estimating risk exposures, and ensuring capital adequacy, contributing significantly to the ORSA Summary Reports.

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 '''Author''': ''Kathleen C. Odomirok'', FCAS, MAAA, ''Liam M. McFarlane'', FCIA, FCAS, ''Gareth L. Kennedy'', ACAS, MAAA, ''Justin J. Brenden'', FCAS, MAAA, ''EY''
-&nbsp;&nbsp;[https://www.battleacts6us.ca/vanillaforum6us/categories/odomirok-25-solv2<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
+[https://www.battleacts6us.ca/vanillaforum6us/categories/odomirok-25-solv2<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
 {| class='wikitable' style='background-color: navajowhite;

← Older revision		Revision as of 13:53, 22 June 2024
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		+
		+	==Pop Quiz==
		+
		+	[https://battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=25-Solv2&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=4<span style="font-size: 20px; background-color: yellow; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Multiple Choice (mini BattleQuiz 4)]'''</span> ← for general review of topic

	==Study Tips==		==Study Tips==

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-This chapter, ''Solvency II'', is a principles-based insurance regulatory system to determine the required capital levels of insurance companies in the European Union.
+'''Reading''':  Financial Reporting Through the Lens of a Property/Casualty Actuary - '''Chapter 25''' - '''Solvency II'''
 &nbsp;&nbsp;[https://www.battleacts6us.ca/vanillaforum6us/categories/odomirok-25-solv2<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
 ==Study Tips==

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 * The <u>discounting</u> of capital is done using ''integer'' exponents because you're told the capital is held until the end of the year. ''(The assumption about loss payments being made mid-year is <u>irrelevant</u> because you aren't discounting loss payments. See the exam problem in the next bullet point below for more on that.)''
-* Here's a pdf with my solution: <span style="color: green;">&nbsp;&nbsp;''(shout-out to PA!)''</span>
+* Here's a pdf with my solution:
 : [https://www.battleacts6us.ca/pdf/Odomirok.Ch25_(17S.20)_v02.pdf <span style="color: white; font-size: 12px; background-color: green; border: solid; border-width: 2px; border-radius: 10px; border-color: green; padding: 1px 3px 1px 3px; margin: 0px;">'''''Solution to 2017.Spring #20'''''</span>]

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 # '''Solvency Capital Requirement (SCR)''': This is the amount of capital that an insurance company must hold to ensure it can withstand significant unforeseen shocks. It's calculated based on various risk modules, including market risk, credit risk, underwriting risk, and operational risk. The SCR is a critical regulatory threshold, and insurers are required to manage their capital to ensure they stay above this level.
-# '''Solvency Capital Requirement Assets Required''': This term is less standardized, but it likely refers to the actual assets that an insurance company must have on hand to meet the SCR. It includes the mix of bonds, stocks, real estate, and other investments that the insurer uses to back its SCR. The type and quality of these assets are usually subject to regulatory guidelines to ensure they can be readily converted into cash if needed.
+# '''Solvency Capital Requirement Assets Required''': This refers to the actual assets that an insurance company must have on hand to meet the SCR. It includes the mix of bonds, stocks, real estate, and other investments that the insurer uses to back its SCR. The type and quality of these assets are usually subject to regulatory guidelines to ensure they can be readily converted into cash if needed.
 So, in simple terms, the SCR is the target level of capital required, and the Solvency Capital Requirement Assets Required are the specific assets used to meet that target. The former is a regulatory measure, while the latter pertains to the insurer's actual investment strategy and asset allocation.