Aon Benfield calls for wider adaptation of internal SII models
Aon Benfield is calling for a simplified internal model approval process for natural catastrophe risk that would encourage insurers to better quantify these exposures under Solvency II.
Under the current Solvency II framework, insurers have the option to use either a standardised scenario approach or develop a partial internal model for natural hazard risks.
Aon Benfield said the
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