THE NEW EUROPEAN PRUDENTIAL SUPERVISORY SYSTEM OF INSURANCE „SOLVENCY II”
THE NEW EUROPEAN PRUDENTIAL SUPERVISORY SYSTEM OF INSURANCE „SOLVENCY II”

Summary/Abstract: Started in 2001, the "Solvency II" project is intended to be a viable solution to the widely recognized weaknesses of the solvency models from "Solvency I". Based on first works carried out by CEIOPS, has been drafted a proposal for a European directive entitled „Solvancy II" which was communicated to the European Parliament on July 10, 2007. This directive was voted by European Parliament on November 25, 2009. During the year 2010 are going to be made proposals for implementation from the European Commission, and in parallel to harmonize national laws. Entry into force of Directive will take place in 2012. The present paper proposes an overview on the new European prudential supervisory system of insurance

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