Good documentation central to model approval, say supervisors

Standard-forumula firms also face more stringent requirements


It goes without saying that a model for something as important as calculating solvency capital should be well documented. However, all other assumptions to do with an internal model for Solvency II – or the application of the standard formula for that matter – must also be spelled out clearly in the documentation that accompanies it. The directive demands far more than a user manual that is occasionally dipped into for operational instructions or troubleshooting. As insurers progress through the

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: