Reading the material about Europavie which is one of the life insurer cases and

Question

Reading the material about Europavie which is one of the life insurer cases and write a short discussion making sure that you address all of the following: 1. Describe a regulatory framework in which these problems would have been aired early enough. By regulatory framework you can elaborate on accounting standards, model vs. ?nancial risks supervision, prudential vs. idiosyncratic focused, implementation of stress test or other capital requirements. 2. How would this products have a?ected a bank?

Explanation / Answer

The regualtory framework is:

1)There is no life insurance guarantee fund
2)The management should contain the person with experience in insurance field as well ad management skills
3)The interest rate issued on premiums should be checked with other competitors in the industry'
4)Every year the market value of the real estate which is backing the liability should be checked appropriately decision should be made
5)The ratio analysis should be done every year like current ratio, asset ratio,combined ratio etc

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