Solvency II delays limiting internal model growth, head of op risk warns

Fabien Chabanon at Axa
Fabien Chabanon, Axa

Delays in Solvency II are leading to the stunted growth of internal models for the insurance sector, Axa's global head of operational risk has warned.

Under Pillar I of Solvency II, insurance companies are expected to calculate their operational risk capital number. But with the continued delays in the regulation, this part of Solvency II is moving more slowly than some in the industry had hoped.

"I still think the number of players who have developed an internal model are quite limited," says

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