Capital Requirements, Disclosure, and Supervision in the European Insurance Industry

Maria Grazia Starita is Lecturer in Financial Markets and Institutions in the Department of Management Studies and Quantitative Methods, University of Naples 'Parthenope', Italy, where she teaches Management of Insurance Companies and Corporate Finance. Her main research interests are insurance companies, pension funds, bank-firm relationship, disclosure, and Islamic finance.Irma Malafronte holds a PhD in Banking and Finance from the University of Rome 'Tor Vergata', Italy. She conducts research in Financial Markets and Institutions in the Department of Management Studies and Quantitative Methods, University of Naples 'Parthenope', Italy. Her main research interests are insurance companies, disclosure, bank-firm relationship, and market discipline.

• 1. Capital Requirements, Disclosure and Supervision in the European Insurance Industry PART I: THE FRAMEWORK OF SOLVENCY II AND THE CHARACTERISTICS OF THE EUROPEAN INSURANCE MARKET 2. Solvency II Directive and the Key Features of the European Insurance Market PART II: SOLVENCY: REQUIREMENTS AND SUPERVISION 3. The Solvency Capital Requirement 4. The Supervision of Insurance Companies PART III: THE RELATIONSHIP BETWEEN REQUIRED REPORTING AND ACTUAL DISCLOSURE 5. The Regulatory Framework for Market Discipline 6. The Actual Disclosure 7. Solvency II: A Sea of Opportunities