An interview with John Hibbert to discuss QIS5

When Solvency II was first mooted the general perception was that capital requirements under the standard formula would be higher than companies could achieve with an internal model. But when the results of the fourth quantitative impact studies came in it was found the reverse was true – and as the industry gears for the firth iteration (QIS 5) the calibration of the standard formula has been made much more conservative. Life & Pensions talks to John Hibbert, director and founder o