Solvency

.. . a timely and thorough historical analysis of the recent European work on solvency and financial strength and related accounting issues ... The book provides readers with a veritable 'Who's Who' of the numerous organizations intimately involved in the EU solvency debate ... The author unquestionably succeeds, incorporating several detailed quantitative examples through a well-written and organized text. ... Overall, the book offers a thorough and thoughtful discussion of the current state of evolution regarding solvency regulation, theory, and research in the EU. Policymakers, insurance academics, researchers, students, and other interested parties around the world may find this book highly relevant in understanding solvency models, formulation, assessment, and the debate over alternative strategies for reform. The book offers an objective overview of the issues that is understandable to both technical and nontechnical readers as well as important insights into identifying the key players, theory, and application across diverse and potentially unfamiliar systems. --The Journal of Risk and Insurance, December 2009 .. .the first available reference to offer a comprehensive account of the recent solvency work conducted in Europe. It provides a nice and very useful summary of the recent developments in the important area of asset and liability management that have been carried out in recent years, answering the insurance industry's demand in the wake of the EU's Solvency II project. ... This book is well written, well organized and a very rich source of useful information for decision makers in the insurance industry, practitioners of the actuarial profession and financial asset managers. Researchers in both the fields of actuarial science and financial economics may find it informative and inspiring to further research in the field of asset and liability modeling. --Scandinavian Actuarial Journal