Unanswered questions remain on model change policies

Status of reactive parameters left open by Eiopa

Eiopa flags

European insurers are unclear whether small changes to their internal models will have to be reported and approved by regulators, despite the publication of new guidelines issued earlier this month.

In its first set of Solvency II guidelines, published on June 2, the European Insurance and Occupational Pensions Authority (Eiopa) provided guidance for firms on internal models, including details on validating and documenting models, and their use of external data. But confusion remains on the

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The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

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