Objetivo The project CONSOL-M focuses on the solvency requirements of the insurance undertakings functioning within the European Single Insurance Market (ESIM). Currently the solvency of an insurer is examined by the supervision authority only in relation to the qu antifiable risks, i.e. financially measurable risks (= a solvency margin on top of the technical provisions). The other risk categories (the qualitative risks) such as the capital investment risk, the corporate governance risk, the internal control quality , the risk management as well as market disclosure are not taken into account so far. However we believe these qualitative aspects have a considerable influence on the overall solvency position of the insurer. It implies that an overall risk-based solven cy model does not exist yet. Therefore, to maintain the stability of the European insurance market, there is an urgent need to establish a new consistent solvency framework for the insurance companies across the enlarged European Union. The principal objec tive of CONSOL-M is to develop an all-risk-based solvency model and to compare and measure the impact of imposing such standards on the ESIM. In order to realize this scientific project two goals are distinguished: to develop a theory on how to build and e valuate a consistent solvency framework regarding all risks determining the overall financial situation of the European insurer, to measure the economical consequences with respect to both consumer - and shareholder protection as well as market stability ( multi-parties point of view).The novel situation is of essential meaning for the further establishment and coordination of the integrated solvency supervision model within the enlarged ESIM. The results of CONSOL-M will allow better match solvency require ments to the true risk encountered by an insurance company. Ámbito científico social sciencessociologygovernancecrisis management Palabras clave Solvency requirements consumer protection insurance and banking law minimal capital conditions supervisory models Programa(s) FP6-MOBILITY - Human resources and Mobility in the specific programme for research, technological development and demonstration "Structuring the European Research Area" under the Sixth Framework Programme 2002-2006 Tema(s) MOBILITY-2.1 - Marie Curie Intra-European Fellowships (EIF) Convocatoria de propuestas FP6-2004-MOBILITY-5 Consulte otros proyectos de esta convocatoria Régimen de financiación EIF - Marie Curie actions-Intra-European Fellowships Coordinador KATHOLIEKE UNIVERSITEIT LEUVEN Aportación de la UE Sin datos Dirección Oude Markt 13 LEUVEN Bélgica Ver en el mapa Enlaces Sitio web Opens in new window Coste total Sin datos