Solvency II: Lack of co-ordination on internal model approval, says Buecheler

European supervisors are taking different approaches to the Solvency II internal model approval process, says head of Solvency II project for Allianz

European supervisors have different interpretations of the internal model approval process under Solvency II, particularly with regard to the timing and amount and format of the supporting documentation, according to Tobias Buecheler, head of the Solvency II project at Allianz.

Speaking at Insurance Risk's Solvency II and Insurance Risk conference in London this morning, Buecheler said much of the industry focus had been on the calibration of the Solvency II rules, but noted that the internal