The replication game

Technology

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In October 2005, at an ING internal conference on insurance risk for its global insurance businesses, held in Brussels, Tom Wilson, then chief insurance risk officer of ING, posed the following questions. What would the company do differently in its economic capital reporting if it wanted to get the numbers in five days and report monthly, as opposed to taking 10 weeks to get the numbers and reporting quarterly? And what would the company do differently if it wanted to automate the process of pr

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