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In the year 2001, the European Comission started to revise the legislation Solvency I and to implement a new approach called Solvency II. The regulation called Solvency II is based on regulation considering management of risks of commercial insurance companies. Changes on financial markets and the contemporary financial crisis made financial authorities to formulate principles of regulation based on risk management. Commercial insurance companies across Europe will face a considerable amount of work to be ready for requirements related with Solvency II implementation in the year 2012.
Rating agencies, regulators and investors today are demanding that insurers provide detailed assessments of their risk tolerance and quantify the adequacy of their economic capital. To complete such assessments requires a credible baseline for underwriting volatility. Modern portfolio theory for assets teaches that increasing the number of stocks in a portfolio will diversify and reduce the portfolio risk, but will not eliminate risk completely, the systemic market risk remains. In the same way, insurers can reduce underwriting volatility by increasing account volume, but they cannot reduce their volatility to zero. A certain level of systemic insurance risk will always remain, due to factors such as for example the underwriting cycle, macroeconomic factors, legal changes and weather.
This presented scientific paper focuses on an analysis of specific goals of the regulation Solvency II and the structure of second pillar of the three-pillar construction (similarity with Basel II banking regulation) of Solvency II. The paper was written as part of research project MSM 6215648904, carried out by the Faculty of Business and Economics, under the title "The Czech Republic in the processes of integration and globalization, and the development of the agriculture and service sector in the new conditions of the integrated European market", following the goals and methodology of the research project.

The report deals with an analysis of the questionnaire inquiry results about Internal tourism in the Czech Republic in 2005 from the Czech Statistical Office sources. Besides basic information about the tourist trade statistics and terminology questions the core of this publication is the analysis of the Internal tourism in the NUTS II South-East region and both its parts (South Moravian region and Vysocina region) and its comparison with the Czech Republic. Authors tries to create a visitors background from the point of view of visit seasonality, a region from which he comes, an age, a travel purpose, a travel duration, an accommodation type, travel expenses and a conveyance used. Indicators were selected, in which the region visitors differ in comparison with the entire Czech Republic, eventually in which the visitors of South Moravian region differ from the Vysocina region visitors. At the conclusion authors speculate about the conditions of regional localization of the tourist trade satellite account in the Czech Republic.