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
The Swiss Financial Market Supervisory Authority, Finma, will look to limit the use of internal capital models by insurance companies after underestimating the resources needed to review them.
Swiss insurers had previously been encouraged by Finma to use an internal model for calculating their capital requirements under the country's new risk-based capital regime, the Swiss Solvency Test (SST).
This move led to the development of increasingly complex and varied internal models that placed
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