
Cat risk – Solvency II standard formula is up to double industry view of nat cat risk
Standard formula is up to double industry view of nat cat risk

The Solvency II standard formula approach to calculating natural catastrophe (nat cat) risk provides results that are double the risk found by the commercial models used widely by the industry, says Gareth Haslip, head of risk and capital strategy for US reinsurer Aon Benfield's UK and EMEA operations.
The capital requirements for nat cat risk using the standard formula in the fifth quantitative impact study (QIS 5) have also shown "no clear direction", according to Haslip, with some insurers
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