THE SOLVENCY II HANDBOOK: DEVELOPING ENTERPRISE RISK MANAGEMENT FRAMEWORKS IN INSURANCE AND REINSURANCE COMPANIES
Book ID/图书代码： 14936110B43904
English Summary/英文概要： The Solvency II framework directive was approved in 2009 2Q by the European Parliament, and the insurance industry must now move quickly with their preparations to be compliant with this framework by 2012 3Q. As Solvency II allows insurers to use internally developed models for measuring risks for the first time, this is quite a challenge for these companies. Solvency II follows Basel II’s similar three-pillar structure, which will regulate risk measurement requirements, supervisor review and market discipline and disclosure. The demands for Solvency II are quite extensive and will change the insurance industry worldwide with better risk assessment and mitigation and much higher financial and risk disclosure details.
The Solvency II Handbook provides an introduction and deeper look into the Solvency II framework, exploring in detail the current practices within the insurance industry and the impact of Solvency II; looking at what the issues and challenges of building an internal model are, risk management implementation as it is and, crucially, the regulatory perspective on calculating solvency capital requirements. The book then moves onto explore in greater depth how to measure and manage financial risk, insurance risk, operational risk as well as providing key chapters on economic capital and hedging.
From now until 2012 the relevant regulatory bodies will be looking to govern and approve company’s internal models. This must-read book is essential to all insurers and reinsurers who are currently in the process of choosing between using the standard formula or, in particular, developing their own internal risk management framework.
For practitioners and regulators, this is a one-stop reference tool that contains the most up-to-date thinking on internal modelling ideas and how to prepare for Solvency II compliance. The Solvency II Handbook is the only book currently on the market that focuses solely on this subject.
Chinese Summary/中文概要： 偿付能力Ⅱ框架指令于2009年第二季度由欧洲议会批准，保险业现在必须着手准备以期能够适应2012年第三季度开始执行的这一框架标准。由于偿付能力Ⅱ首次允许保险公司运用内部研发模式测试风险，因此对于这些公司来说这无疑是一巨大挑战。偿付能力Ⅱ框遵循了巴塞尔II类似的“三支柱”结构，这对于规范风险计量要求，监事审查、市场约束和信息披露都会起到不容小觑的作用。对偿付能力Ⅱ所要达到的目标也是予以厚望，要求相当广泛，它将改变全球范围内保险业的风险评估，以及更细节化的金融风险披露。
偿付能力Ⅱ手册提供了此框架标准的全面介绍和深入研究，并详细探讨了保险业的现行操作以及偿付能力Ⅱ会给其带来的影响；评判了该框架标准所述建立内部模型所存在的问题及风险，至关重要的是偿付能力资金要求计算的监管角度；随后本书更深入得探讨了如何更深入得衡量和管理金融风险，保险风险，操作风险，还提供了经济资本和对冲等关键内容的章节。
从现在到2012年有关监管机构将寻求更多的管理和审批公司的内部模型，这本书对于正在决定使用偿付能力Ⅱ框架指令、特别是正在开发内部风险管理框架的所有保险和再保险公司来说，都是一部必读之作。
对从业者和监管者，《偿付能力Ⅱ手册》（The Solvency II ）是一个一站式的参考工具，它的内容包含了关于内部建模和如何为执行此标准做好准备的最新思想动态。它是目前在图书市场上能找到的着眼于当前问题的唯一书籍。(兼职翻译-FSF)
Awards/获奖情况：《偿付能力Ⅱ手册》内容涉及到保险业乃至全球风险为本的监管，所有必能成为关于此话题的参考要点。本书将会帮助你理解情况为什么会是这样，但是，拿在你手里的这本手册绝不仅仅是一本参考书，来自很多专家的供稿所提出的很多不同的观点，会让我们有一个更全面的认识。--CEIOPS 秘书长 卡洛斯.蒙塔尔沃（Carlos Montalvo Rebuelta）
About the Author/作者介绍： 马塞洛.克鲁斯是纽约大学的兼任教授，并且是一名高级风险顾问。以前担任过英国最大的保险公司和资产管理公司英杰华集团的首席风险官，之前是雷曼兄弟公司操作风险分析和定量风险分析的全球总裁，还是RiskMaths（关于风险管理和操作的咨询公司）的创始人和常务董事。之前还在瑞士联合银行任职三年，担任首席风险管理。马塞洛曾作过很多关于风险管理方面的书籍，其中包括畅销书《建模，测量和套期保值操作风险》（Modeling, Measuring and Hedging Operational Risk, Wiley 2002）。马塞洛拥有伦敦帝国学院数学博士学位，还曾获得金融数学理学硕士学位以及经济学学士学位。
Marcelo Cruz is an adjunct professor at New York University and a senior risk consultant. Formerly he was the group chief risk officer of Aviva, the UK’s largest insurer and asset manager. Previously Marcelo was global head of operational risk analytics and quantitative risk analytics at Lehman Brothers and was the managing director and founder of RiskMaths, a boutique consultancy focused on risk management and more specifically operational risk. He also previously worked at UBS AG for three years as head of operational risk. Before UBS Marcelo worked as a chief economist/strategist for an investment bank and as a derivatives trader (fixed income) for JP Morgan, where he was involved in structuring, managing and trading fixed income derivatives. Marcelo wrote one of the best selling books in risk management (“Modeling, Measuring and Hedging Operational Risk, Wiley 2002), and has written and edited other books in risk management. He is the founder editor-in-chief of The Journal of Operational Risk and sits on the board of other publications. Marcelo was also part of the GARP Board of Trustees. He holds a PhD in Mathematics from the Imperial College in London, a MSc in Financial Mathematics, an MBA and a BSc in Economics.
Format:HARDCOVER
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