An Internal affair
With the publication of the framework directive, internal models are being viewed as a key benchmark for the success of Solvency II. Clive Davidson reports
Solvency II, Europe's forthcoming directive on capital requirements for insurance and reinsurance companies, will for the first time allow companies to calculate their own risk capital using internal models. But the models are a challenge to implement, requiring sophisticated skills and resources. Meanwhile, the models will allow companies to incorporate all forms of risk mitigation from derivatives hedging to geographic diversification.
Many of Europe's top companies with international
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