Amendment to regulatory framework (Solvency II) approved
The Directive establishes two types of requirements; the solvency capital requirement (SCR) will be calculated on the basis of a risk profile according to a set formula or internal model approved by the supervisory authority. It takes into account all types of risks, including operational. It must be constantly monitored and recalculated as soon as the risk profile changes significantly. For the minimum capital requirement (MCR) the Directive provides for various types of insurance and reinsurance the absolute lower limit below which sources should not fall in any circumstances.
The Directive aims to improve the supervision of the insurance sector. So-called supervisory authorities colleges will be established for the supervision of groups to ensure better coordination of procedures between the supervisory authority of the parent company and the supervisory authorities of its subsidiaries. Member States should implement this Directive by 31 October 2012.
Other articles
Helena Navrátilová on Three Decades of the Advent Concerts of Good Will
KŠB partner Helena Navrátilová was recently interviewed on S dobrou vůlí, the podcast of the Committee of Good Will – Olga Havel Foundation. Speaking with editor Veronika Širc, Helena talked about the origins and history of the Advent Concerts of Good Will, which KŠB has been organizing for over thirty years.
KŠB advises LIPOELASTIC founders on the sale of LIPOELASTIC Group
KŠB, in collaboration with investment advisers from the Roklen Group, advised LIPOELASTIC Group founders Alena and Tomáš Hradil on their exit from the group, which they had built up over almost twenty-five years.
Chemistry Brings People Together: KŠB at the 2026 Evening of Czech Chemistry
Czech chemistry and the chemical industry are built on innovation, responsibility and the people who drive the field forward. On Thursday, 22 October 2026, leading figures from the field and industry representatives came together at the Grand Hotel International Prague for the Czech Chemical Industry Association’s annual Evening of Czech Chemistry.
