Internal models
Testing to destruction
Reverse stress testing is set to become standard practice under Solvency II as part of the validation process for internal models, yet for most European insurers such tests are a new concept. Clive Davidson examines what can be learned from the UK, where…
Insurers assess partial models to reflect risk profile
Risk reflection
Solvency II: Insurers and supervisors must work together to ensure consistency on model approvals
Insurance groups should ensure consistent approach to model applications across organisation, says chairman of Eiopa's internal model committee
Solvency II: Lack of co-ordination on internal model approval, says Buecheler
European supervisors are taking different approaches to the Solvency II internal model approval process, says head of Solvency II project for Allianz
Insurers explore 'risk geographies' for capital modelling
Risk geographies
UK insurers behind schedule on Solvency II data requirements
UK Financial Services Authority highlights problems with data control, ownership and validation
Internal models can cut capital requirements for longevity and mortality risk – RMS
Standard formula for mortality and longevity risk a 'crude' measure, says Risk Management Solutions
Regulation, quantification and cyber risk at Zurich
Why we quantify
Eiopa warns on use of external data in internal capital models
Insurers must supply information on third-party models in support of their internal model application
Slow progress on Solvency II internal model validation threatens approval, FSA warns
Slow progress on Solvency II internal model validation threatens approval, FSA warns
Beyond Basel 2.5: regulators prepare trading book review
Beyond Basel 2.5
How insurers are dealing with internal model validation
The appropriate model
FSA provides relief to insurers on dual-capital model concerns
Unpublished Level 2 text will be basis of model approvals, says FSA's Adams
Swiss regulator to limit insurer internal model use
Finma to increase focus on standard model for Swiss Solvency Test after underestimating resources needed to approve internal models
Interview: AXA’s op risk head on the group’s risk reforms
More than capital
Eiopa seeks funding for internal model experts to assist national supervisors
Eiopa aims to help regulators struggling to understand internal models
Solvency II modelling could cause systemic risk, industry warns
Industry experts warn uniform modelling under Solvency II could lead to risk contagion
Solvency II
A collection of articles on Solvency II from Life & Pension Risk
Insurers lack confidence in Solvency II data
Only 21% are highly confident about model data quality
Proxy modelling develops under Solvency II
The alternative route
Internal model approval – supervisors' different approaches
The perfect model (part II)
Internal model approval – the regulator’s view
The perfect model