View from the top: The approved model

mark beckers

The Australian capital requirements and the Dutch pension funds experience show that few insurance companies have achieved the Holy Grail of an approved internal model. However, as Solvency II approaches, insurers are looking beyond the standard formula to calculate and drive down their capital requirements.

It certainly makes sense to create a partial internal model for reinsurance as the difference in benefit between standard formula and an internal model can be significant.

Let's take a look at an

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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