Solvency I regime

E557234

The Solvency I regime was the earlier European Union insurance regulatory framework that set basic capital adequacy and solvency requirements for insurers before being replaced by the more risk-sensitive Solvency II system.

All labels observed (1)

Label Occurrences
Solvency I regime canonical 1

How this entity was disambiguated

Statements (32)

Predicate Object
instanceOf European Union regulatory regime ⓘ
insurance regulatory framework ⓘ
appliesLevel entity-level capital requirements ⓘ
appliesTo insurance undertakings ⓘ
basedOn simple solvency margin formulas ⓘ
characteristic less risk-sensitive than Solvency II ⓘ
comparedWith Solvency II regime ⓘ
contrastsWith economic risk-based approach of Solvency II ⓘ
focusesOn capital adequacy requirements ⓘ
solvency requirements ⓘ
historicalRole foundation for later Solvency II development ⓘ
includesRequirement guarantee fund ⓘ
minimum solvency margin ⓘ
jurisdiction European Union ⓘ
legalBasis EU insurance directives prior to Solvency II ⓘ
objective ensure basic financial soundness of insurers ⓘ
protect policyholders through minimum capital standards ⓘ
policyGoal harmonisation of minimum solvency standards in the EU ⓘ
policyholderProtectionLevel basic ⓘ
predecessorOf Solvency II regime ⓘ
regulates capital requirements for insurers ⓘ
technical provisions of insurers ⓘ
regulatoryApproach rules-based ⓘ
replacedBy Solvency II regime ⓘ
riskSensitivity low ⓘ
scope life insurance undertakings ⓘ
non-life insurance undertakings ⓘ
reinsurance undertakings in the EU ⓘ
supersededBecauseOf limitations in capturing insurers’ risk profiles ⓘ
need for more risk-based supervision ⓘ
timePeriod in force before Solvency II implementation ⓘ
uses factor-based capital calculations ⓘ

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Solvency II Directive → repeals → Solvency I regime ⓘ