eprintid: 26739
rev_number: 36
eprint_status: archive
userid: 13385
dir: disk0/00/02/67/39
datestamp: 2010-11-17 18:54:40
lastmod: 2019-10-06 02:41:30
status_changed: 2010-11-17 18:54:40
type: paper
metadata_visibility: show
abstract: Insurance Industry is going through a very important stage of its transformation - the transition from the classical system of management into a risk-based management. These changes were launched in Europe by international organizations which deal with the development of the necessary infrastructure for a better-managed industry and with a proper legal infrastructure through different European directives in insurance area. 

These changes have intensity in the finalization of the general technical, legal and structural infrastructure, which would be developed based on three pillars. The consequences of the current financial crisis as well as its impact towards the implementation of Insolvency II have not been analyzed yet. Its implementation, perhaps, would be an adequate response in facing this crisis.
copyrightnote: I certify that I have the right to deposit this contribution in its published format with MPRA
creators_name: Ramosaj, Berim
creators_id: berimramosaj@gmail.com
date: 2010-11-16
full_text_status: public
identifierabstract: http://mpra.ub.uni-muenchen.de/26739/
ispublished: unpub
keywords: Solvency II, insurance industry, insurance reform, risk-based management
language: en
referencetext: Trainar, Philippe. (2006), The challenge of Solvency Reform for European Insurers, Geneva papers.

Davis, Philip, E., and Steil, Benn. (2004), Institutional Investors, MIT Press, New York. 

Baum, Daniel, J., and Stiles, Ned, B. (2007), The Silent Partners: Institutional Investors and Corporate Control, Universe Inc., New York.

Govori, Fadil. (2006), Tregjet Financiare: Institucionet dhe Instrumentet, IFM, Prishtinë. 

Harrington, Scott, E., and Niehaus, Gregory. (2003), Risk Management and Insurance, McGraw Hill, New York.

Mishkin, Frederic, S. (2008), Financial Markets and Institutions, Addison Wesley, 8th International Edition, New York.

Rejda, George, E. (2010), Principles of Risk Management and Insurance, (11th Ed.) Prentice Hall, New York.

Vaughan, Emmett, J. (2008), Fundamentals of Risk and Insurance, John Wiley & Sons, NJ.
subjects: G11
subjects: G23
subjects: G30
subjects: G20
subjects: G22
subjects: G38
subjects: G18
subjects: G32
subjects: G28
subjects: G10
title: Challenges to Solvency II Reform in Insurance Industry
title_non_latin: Challenges to Solvency II Reform in Insurance Industry
citation:   Ramosaj, Berim  (2010): Challenges to Solvency II Reform in Insurance Industry.    
document_url: https://mpra.ub.uni-muenchen.de/26739/1/MPRA_paper_26739.pdf