Internal models
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Unpublished Level 2 text will be basis of model approvals, says FSA's Adams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
Internal model compulsory for variable annuity providers in Ireland, says BOI’s Elderfield
Internal model compulsory for variable annuity providers in Ireland, says BOI’s Elderfield
Comparability of EBA stress tests questioned
The ability of banks to use their own internal models for determining stressed PDs and LGDs mean the results will not be comparable, bankers claim
LPR Nordics: Danish FSA warns industry against Solvency II "compliance exercise"
Top Danish insurance and pensions regulator uses Life & Pension Risk Nordic conference to caution firms not to treat new regulation as a box-ticking exercise - or to rely on delays
FSA: insurers should prepare for failure of internal model approval
FSA: insurers should prepare for failure of internal model approval
Ernst & Young interview: A combined solution – overcoming the twin challenges of Solvency II and IFRS
The timing of the implementation of Solvency II and the second phase of IFRS presents a major logistical challenge for insurers which are not prepared
Modelling operational risk under Solvency II
Fits and starts
Mastering the data management challenges of Solvency II
Compliance control
Insurers' Solvency II programmes unrealistic, suggests PwC survey
Insurers' over-confidence about their Solvency II preparations could mean a last-minute rush to the finish line, according to a PwC survey
Aegon looks to cost of capital to price optionality in VA liabilities
A proposed new modelling framework from the Dutch insurer's US arm uses cost of capital in an analogous role to the market price of risk in traditional pricing theory to value long-dated options embedded in VA liabilities
Pass the microphone: Nodal’s Cusenza to LCH.Clearnet’s Grensted
In this month’s Pass the Microphone, Paul Cusenza of Nodal Exchange puts his questions to Simon Grensted, Managing Director, Business Development, at LCH.Clearnet
Fit to size
The one-size-fits-all approach of Solvency II's standard formula has left insurers with a dilemma. Should they use a standard model that is not appropriate to their business strategy, or opt for an internal model that is expensive and time-consuming for…