KPMG reveals risk model survey results
LONDON -- A new study by KPMG on the use of economic and regulatory capital modelling by insurance firms found that although only 21% of firms have adopted a framework for risk-adjusted return on economic capital, more than 63% plan to adopt such a framework in the future.
Overall, 47% of firms use an internal capital model, but use of these models varies quite a lot from country to country. In Bermuda, Germany and South Africa, more than two thirds of respondents use internal capital models. More than half of UK firms use such models. In Italy, only one in seven companies use an internal capital model, and in the Netherlands, none of the respondents used them.
Acco
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