Swiss Re celebrates internal model approval

Reinsurance giant Swiss Re achieved a “key milestone” in 2017 with the approval of its internal risk model for the revised Swiss Solvency Test. Using the model, Swiss Re recorded an SST ratio of 262% – up from 223% in 2016, which was calculated under the old version of the test.

Swiss financial regulator Finma tweaked the methodology for calculating SST ratios, effective January 1, 2017. The change obliged Swiss insurers to re-apply to the regulator for permission to use internal models for est