cristelle

What is meant by solvency in insurance?

Hi I am going through my management slides and I saw a term solvency in insurance. Please someone elaborate this term.

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shashikanth_0p3

a individual whose passions are secured by protection plan policy; a individual who agreements for protection plan coverage that indemnifies him against loss of property or life or health etc.

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wajid

In law and economics, insurance coverage is a form of threat management primarily used to hedge against the chance of a contingent, uncertain reduction. Insurance protection is defined as the equitable transfer of the chance of a reduction, from one entity to another, in exchange for payment. ...

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raja_g

"Solvency in insurance is concerned with meeting obligations and capital adequacy is concerned with the ongoing business of the insurer and its ability to fulfill policy holders’ expectations.

Source: http://in.docsity.com/en-docs/Bancasurance_-_Bank_Management_-_Lecture_Slides_"

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