Solvency II vs Basel II

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Solvency II vs Basel II
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Solvency II vs Basel II - ????

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• ????? ???????? ?????? ?????? ???????? ??"? SOUND
  PRACTICES
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• ??????
• ???? II ???? ????? ????? ???????? ????? ?????,
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  ????????, ERM
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• ???? ?????? ????? ??? ??????, Solvency ?????? ??
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4
????? ???????? ??"? Sound Practice

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• ???? ??????,???????, ?????
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• ????? Risk Ownership
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5
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6
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Source Celent
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Risk Control Self Assessment

• ????? ??????? ?????? ?? ???????
• ???? ?????? ?? ?????? ?? risk ownership
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  (????? ??????)
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• ????? ??????? ????????? ?????? RCSA

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Balanced Scorecard

• 1990, Robert Kaplan David Norton
• Measuring Performance in the organization of
  the future
• 1996 The Balanced Scorecard translating
  strategy into action.
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  ????????????, ?? ???????
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• ???? ???? ????? ???????? ?? ??????? ?? ??? ???
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Key Risk Indicators

• ????? ???????? ?? ??????? ??????? ??????
• ??? ????? ???? ?????? ?????? ????????????
• ???? KPI, ???? KRI
• ?????????? ????? ????????????? ?????? ?? ??? ???
• ?????? ?????? ?? ????????? ????????????? ??
  ?????? ????? ??? ?? ???????????? ??????

Graphics adapted from Reason, J. Managing the
Risks of Organizational Accidents", Aldershot
Ashgate, 1997
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15
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• UNDERWRITING RISK a measure of the risk that
  arises from under-estimating the liabilities from
  business already written or inadequately pricing
  current or prospective business. 

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• Definition of insurance risk
• Insurance risk is the risk arising from
  uncertainties about both (a) the ultimate amount
  of net cash
• flows from premiums, commissions, claims and
  claim settlement expenses paid under a contract
• (referred to as underwriting risk) and (b) the
  timing of the receipt and payment of these cash
• flows (referred to as timing risk). Actual or
  imputed investment returns are not elements of
• insurance risk.