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SolvencyII: A High Level Overview [4]

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Bullet points include: Pillar 1 “quantitative”. Pillar 2 “qualitative”. Pillar 3 “transparency”. Technical Provisions. Solvency Capital Requirement (SCR). (standard formula). Minimum Capital Requirement (MCR). Internal Model (partial/full), including tests/standards. Own Risk and Solvency Assessment (ORSA). Risk governance framework. Disclosures, Regulatory Reporting, Solvency and Financial Conditions Report, Report to Supervisor

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