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Topic: Solvency

	Solvency - Wikipedia, the free encyclopedia
		Solvency is a stock issue in policy debate.
		It refers to the degree to which the affirmative plan or the negative counterplan solves the harms of the status quo.
		In terms of flowing abbreviations, solvency is often denoted by an 'S' inscribed in a circle, or simply an 'S'.
	en.wikipedia.org /wiki/Solvency (89 words)

	Defending a Preference Claim Under the Solvency Defense (Site not responding. Last check: 2007-09-30)
		You consider the preference defense of solvency, which provides that if the debtor was solvent at the time of preferential transfer the vendor may have an absolute defense.
		As a starting point in establishing the solvency defense, the court noted that the creditor must present sufficient evidence that the debtor was solvent on the transfer date to rebut the presumption of insolvency.
		To mount a solvency defense, a group of vendors may join together to share expenses to prove this defense that otherwise each would have to attempt to establish.
	www.creditservices.org /articles/art556.shtml (1413 words)

	Testimony on the Economic Impact of Possible Solvency Problems in the Insurance Industry
		Solvency problems in the insurance industry could damage the overall economy because the industry is an important financial intermediary, but the exact dimensions of the damage are difficult to predict.
		Solvency problems arise from an unusual situation in which the industry's contributions to the welfare of the nation and to economic activity are severely disrupted.
		Solvency problems could shift the burden of the losses that precipitated the problems, which could affect the magnitude of the decline in spending in the short run and the length of time necessary for the economy to recover the losses.
	www.cbo.gov /showdoc.cfm?index=4935&sequence=0 (5123 words)

	Internal Market - INSURANCE - Solvency
		An insurance company should have a solvency position that is sufficient to fulfil its obligations to policyholders and other parties.
		It is important that insurance undertakings in the EU are subject to same solvency margin requirements to provide the same protection of policyholders' interests as well as to create a level playing field between undertakings.
		The current solvency regime was created in the 70's and it has recently been amended and updated as part of the "Solvency 1" package.
	ec.europa.eu /internal_market/insurance/solvency_en.htm (175 words)

	Solvency 2 - EMB - Home
		Solvency II will make it more difficult for smaller and medium-sized (re)insurers to survive as independent entities, according to a report from Standard and Poor’s.
		Solvency II for EU insurers should not lead to widespread rating actions, according to a report published by Moody's...
		Solvency 2 may not be due until 2010, but the industry is in a critical phase in the run-up to the biggest regulatory change for decades.
	www.solvency-2.com (290 words)

	Solvency Tax (Site not responding. Last check: 2007-09-30)
		This solvency tax surcharge is a result of the UI Trust Fund’s level of solvency decreasing below a level that ensures the ability of the UI Program to pay UI benefits.
		To calculate your solvency tax surcharge rate for a given year, add the solvency tax surcharge yearly increment for that year, which is based on your percent of excess, to your solvency tax surcharge rate for the previous year.
		The amount of accumulated solvency tax for each example depends on the employer's percent of excess each year and depends on how many years the solvency tax surcharge has been added to the employer’s tax rate, which is dependent upon when the account was opened.
	www.coworkforce.com /UIT/solvency_tax2006.asp (1601 words)

	Scalawag Records, Inc. \| Bands \| Solvency
		Solvency the up and coming Rock band from the South Side of Chicago.
		Solvency has been in existence for 4 years.
		Rumor has it that the Solvency will be changing its name and adding a new band member.
	members.tripod.com /scalawagrec/bands/solvency.html (94 words)

	Ernst & Young - Services - Assurance & Advisory - Actuarial - Solvency II (Site not responding. Last check: 2007-09-30)
		Solvency II The risk landscape is changing rapidly for insurance companies.
		Solvency II (pdf, 432kb) will accelerate this process and will foster the implementation of sound risk management practices in the insurance industry.
		Clarification is still needed on certain aspects of Solvency II which will take some years yet, and the level of investment to comply will vary by type and size of company.
	www.ey.com /global/content.nsf/International/Services_-_Assurance_&_Advisory_-_Actuarial_-_Solvency_II (322 words)

	Solvency Evaluation
		Ideally, solvency could be measured along a continuum in the same way that gasoline sufficiency can be measured using a car's gas gauge.
		As solvency progressively decreased, the solvency gauge would register movement in the direction of relative insolvency.
		Since, in the real world, no single measure of solvency exists, proxies that measure various aspects of solvency are often combined to estimate a company's solvency at a point in time.
	www.solvency.com /solvency.htm (2116 words)

	SS&C eNewsletter Article: Implications of Solvency II Initiatives
		Solvency II is an overhaul of the solvency framework that will remove inconsistencies between different European countries' statutory solvency ratios and attempt to link regulatory solvency capital more closely with risk.
		Solvency II is moving toward a fair value balance sheet, which is really going to align product features much more closely with the risks associated with them and highlight any mismatching.
		Target solvency capital is equivalent to the economic risk capital that a company needs in the case of a disaster scenario.
	www.ssctech.com /e-news/article.asp?A=2115&V=1 (617 words)

	Update 24 - Solvency funding for DB plans
		In examining the solvency of a plan, the actuary must compare the plan’s liabilities determined on a plan termination basis to the value of solvency assets.
		In preparing a solvency valuation, all benefits which would be payable upon the termination of the plan must be included in the liabilities of the plan.
		A plan’s solvency ratio is the number obtained by dividing the market value of the assets currently held in the plan (plus any cash balances and accrued and receivable income or contributions) by the liabilities of the plan on a plan termination basis.
	www.gov.mb.ca /labour/pension/updates/update24.html (4188 words)

	The Impact of The President’s Proposal On Social Security Solvency And The Budget, 7/22/05
		This is consistent with the analysis of the Social Security actuaries, who have analyzed the Pozen plan and found it would close 72 percent of the 75-year deficit.
		A similar amount of the solvency improvement under the Pozen plan is the result of reductions in benefits for survivors, including children who receive benefits as a result of the death of a parent prior to retirement; the White House plan does include those reductions.
		Such a plan would fail to restore solvency over the 75-year period or to improve the fiscal outlook for the next seven and a half decades.
	www.cbpp.org /5-10-05socsec.htm (4697 words)

	Solvency II
		SOLVENCY II Solvency II, the EU-initiated project which aims at creating a more risk-related solvency model, is a key priority for CEA and we are dedicating significant resources to ensure that the industry provides input to the key decision-makers.
		Beyond imposing quantitative solvency requirements looking at insurance risks, Solvency II considers the overall management of risks and the structure of insurance supervision.
		Indeed, the participation of a representative part of the market is very important to ensure that the results of the survey reflect the impact of Solvency II on all the different segments of the insurance market.
	www.cea.assur.org /cea/v2.0/uk/solvency/solvency.php (1085 words)

	Solvency 2 (Site not responding. Last check: 2007-09-30)
		I am pleased to say that the fact that the existing EU solvency rules are inadequate is now widely recognised and since my previous speech there appears to be a growing convergence of view as to how reform should now proceed.
		I would propose that simultaneous with applying to their supervisory authority for permission to use an internal model to calculate their solvency capital requirement they should be allowed to apply for permission to use a market consistent approach, such as a cost of capital approach, for the measurement of their technical provisions.
		The solvency capital requirement should then measure the potential variability of the near-market-consistent technical provisions over the 12 month time horizon to a confidence level of 99.5%.
	www.fsa.gov.uk /pages/Library/Communication/Speeches/2005/1114_jt.shtml (2571 words)

	FS-540 - Assessing and Improving Your Farm Solvency
		Solvency is a long-run concept that addresses financial security.
		A relative measure of solvency, the debt/asset ratio, indicates the future security of your farm's financial position.
		The method is most useful for determining the absolute solvency position of your farm.
	www.agnr.umd.edu /MCE/Publications/Publication.cfm?ID=256 (2848 words)

	solvency - Search Results - MSN Encarta
		Great Britain is an island lying on the continental shelf of northwestern Europe.
		The presidential year could have been billed 'The Perils of Popularity Polls.' It was like a long-running melodrama that seemed plotted more around Jimmy Carter's ratings in public opinion surveys than around the issues he was trying to deal with.
		Jimmy Carter opened his third presidential year with a State of the Union speech in which he appealed for help in building a 'new foundation' for America.
	ca.encarta.msn.com /solvency.html (196 words)

	Solvency II (Site not responding. Last check: 2007-09-30)
		Solvency II Solvency II Solvency II is an ambitious regulatory project undertaken by the European Commission, now entering an important phase.
		The framework for enhanced European insurance solvency rules is currently under preparation and a draft EU directive is expected to be published in mid-2007.
		The new EU solvency framework is based on a three-pillar approach similar to the Basel II accord designed for banks.
	www.swissre.com /internet/pwswpspr.nsf/alldocbyidkeylu/ABOD-6G3AFN (281 words)

	Building Automatic Solvency into U.S. Social Security: Insights from Sweden and Germany (Site not responding. Last check: 2007-09-30)
		And Germany's move to calculate retirement benefits partly on the basis of a "sustainability factor" is moderating the costs of demographic shifts which would otherwise push the system toward unaffordable levels of taxation.
		Although correcting for longer life spans helps stabilize costs, it is not sufficient to assure solvency at a fixed contribution rate, as fertility and population growth, labor force participation patterns, and productivity growth all play important roles in long-term pay-as-you-go financing.
		The normal retirement age is already scheduled to increase from age 65 to age 67 by 2027, but it needs to go to age 68 to keep the number of years in retirement consistent with current levels and keep pace with expected declines in mortality.
	www.brookings.edu /comm/policybriefs/pb151.htm (3270 words)

	WebWire® \| European Insurers Anticipate Positive Impacts from Solvency II, Accenture Survey Finds
		Solvency II calls for the harmonization of national solvency regulations for insurers based in Europe and the enactment of new rules regarding the levels of capital that EU insurers must set aside to cover their combined risks and liabilities.
		The stated goal of the directive is to protect policyholders and shareholders by establishing a common solvency system in Europe that is more closely matched to the true risks assumed by insurers.
		Two-fifths (41 percent) of respondents expect to realize competitive advantages as a result of Solvency II, and nearly one-quarter (24 percent) anticipate receiving improved credit ratings due to the directive, according to the survey.
	www.webwire.com /ViewPressRel.asp?aId=13479 (707 words)

	Valuation Researcher Alert - Solvency Tests (Site not responding. Last check: 2007-09-30)
		To learn about present-day solvency tests and about the deals that necessitate them, we talked to Neil C. Kelly, a financial valuation specialist based in our Princeton, New Jersey, office.
		These veterans know that an objective solvency analysis can establish whether a borrower is solvent when a loan is made.
		Valuation Research was one of the first valuation firms to offer solvency opinions, and we have produced over 600 in the last decade.
	www.valuationresearch.com /4_news/1997_06.htm (870 words)

	Solvency
		The ability of a corporation to meet its long-term fixed expenses and to accomplish long-term expansion and growth.
		The better a company's solvency, the better it is financially.
		When a company is insolvent, it means that it can no longer operate and is undergoing bankruptcy.
	baystreet.investopedia.com /terms/s/solvency.asp (90 words)

	LIC presages solvency hiccups
		The Life Insurance Corporation of India will face a problem on meeting solvency margin in the next 4-5 years unless the government steps in to capitalise the state-run corporation.
		The government's decision to corporatise LIC may resolve the solvency margin issue.
		Solvency margin -- like the capital adequacy requirement of commercial banks -- is calculated at four per cent of the liabilities the insurance company could face in addition to 0.3 per cent of sum at risk.
	www.rediff.com /money/2004/jul/05lic.htm (446 words)

	Solvency (Site not responding. Last check: 2007-09-30)
		Solvency: 3 measures that define basic financial soundness or solidity.
		A Solvency report for a farm might look like this:
		Solvency of Rainbow Farms Inc. on 10 14 2003
	www.agmis.com /solvency.htm (316 words)

	Peter Diamond and Peter Orszag Solvency Proposal
		Moreover, as the projected trend in the ratio of Trust Fund assets to the annual cost of the program would be stabilized and even rising slowly at the end of the period, the OASDI program would be made sustainably solvent under these assumptions for the foreseeable future.
		Expressed on a present-value basis as of the beginning of 2003, the 75-year unfunded obligation of $3.5 trillion for the OASDI program under current law would be replaced by an estimated combined Trust Fund balance at the end of the period of $0.5 trillion in present value discounted to January 1, 2003.
		Moreover, the solvency for the 75-year long range period would be deemed sustainable for the foreseeable future as indicated by the stable ratio of Trust Fund Assets to annual program cost (TFR) at the end of the period.
	www.ssa.gov /OACT/solvency/DiamondOrszag_20031008.html (2650 words)

	Get used to Canadian pension solvency deficits (Site not responding. Last check: 2007-09-30)
		assets divided by solvency liabilities) was 93% at the end of 2003 (89% for plans in deficit and 112% for plans in surplus).
		Despite the fact that solvency deficits must be repaid over five years, the projection showed that plans with solvency deficits at the end of 2003 will not fully recover by the end of 2008.
		Employer contributions for the 30% of plans in solvency surplus at the end of 2003 will only be about 5% of payroll.
	www.mercerhr.com /referencecontent.jhtml?idContent=1138910 (686 words)

	WELCOME TO SOLVENCY ONLINE DISCUSSION GROUP (Site not responding. Last check: 2007-09-30)
		SOLVENCY uses a "list server" that delivers email to all of those on the list.
		People will read your post at their own convenience and responses you seek may arrive over a period of several days or more.
		Please note that the solvency-digest contains all the messages posted to solvency and is sent to all digest subscribers each day or when the size of the digest reaches 75KB or more.
	www.deudoresanonimos.org /solvency/welcome.html (1488 words)

	LIC set to meet solvency margin by March
		The corporation has already met the 100 per cent solvency margin, which corresponds to the capital adequacy ratio stipulated for the banking industry.
		The solvency margin is calculated at 6-8 per cent of the new business done each year, plus a certain percentage of the total business.
		LIC continues to hold the view that the IRDA's demand for it to meet a 150 per cent solvency margin is "grossly unfair" considering the hidden reserves of the corporation in the form of real estate.
	www.rediff.com /money/2004/jan/15lic.htm (445 words)

	WJLA - Bush Urged to Focus on Soc. Sec. Solvency (Site not responding. Last check: 2007-09-30)
		"The more you talk about solvency, the harder it is for Democrats to object to everything," said Sen. Lindsey Graham of South Carolina, who has been trying to broker compromise legislation between the parties.
		White House officials have said that the president is not only committed to the accounts proposal but also a 60-day, 60-city administration tour under way to promote the need for a Social Security overhaul.
		Despite Graham and Grassley's concerns, Bush already addresses the solvency issue on the stump as a prelude to making a more in-depth case for the personal accounts.
	www.wjla.com /headlines/0405/220499.html (858 words)

	Social Security solvency scares politicians - Nation/Politics - The Washington Times, America's ... (Site not responding. Last check: 2007-09-30)
		One Republican member said "fear" is why no one wants to tackle solvency because it would involve tax increases, benefits cuts or an increase in the retirement age.
		Bush mentioned a solvency proposal he has pushed that would change the way benefits are calculated.
		Thomas is pushing House Republican leaders to include solvency in a final bill, arguing that, "we can't go into an election ignoring the one thing we've been harping on."
	www.washtimes.com /national/20050727-112652-8524r.htm (577 words)

	Long Range Solvency Provisions
		Many of the individual account provisions included in recent solvency proposals would redirect some portion of each participating worker's Social Security payroll tax to an individual account and later pay a reduced traditional monthly Social Security benefit.
		The size of the individual accounts (i.e., the percentage of taxable earnings invested in individual accounts), how the accounts are funded, and the specifications of any "benefit offset" provision can cause considerable variation in the long-range financial effect of individual accounts on the Social Security program.
		Several comprehensive solvency proposals provide examples of proposals that include individual accounts.
	www.ssa.gov /OACT/solvency/provisions/individualaccts.html (380 words)

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