Pillar 2 internal governance and official supervision
Pillar 3 disclosure and transparency
includ underwriting risk、credit、market、operational risk are all considered
capital
SCR
(内模法:99.5% 一年)if capital below SCR level,a restore capital plan should be delivered to supervisor.supervisor force the insurance company to take particular measures to correct the situation
SA
internal models approach
MCR(absolute minimum capital requrement)
if capital bellow the MCR level,supervisores may prevent the insurance company form taking new business,or force the insurance company into resolution,transferring its policies to another company
establishes capital requirements for operational,investment,and underwriting risks of insurance companies,similarities to 巴II思维导图模板大纲
capital structure思维导图模板大纲
tier1:equity,retained earnings and equivalents
tier 2 capital:liabilities subordinated to policyholders