Models Capital, Risk

Analysis

Tokio Marine overhauls risk management systems

The Japanese insurance group has upgraded its risk management processes to eliminate manual interventions and deliver an enhanced view of group risk. Christopher Cundy reports

Capital modelling: building a better correlations matrix

Correlation matrices have a major influence on how internal models allocate capital, but conventional processes sometimes struggle to make sense from a business perspective. Colin Kerley suggests an alternative approach

How to implement an effective and compliant model validation process

Ashish Kwatra and Jennifer (Kang) Khaleghy continue to share their experiences around successful internal model approval programmes with a focus on independent model validation – an area closely scrutinised by the regulator

The thinking behind Milliman's Mind

Milliman launched its Mind solution for actuarial modelling at the start of this year. Christopher Cundy talks to the lead developer and one of the first users of the innovative solution that bridges the gap to the actuary's favourite tool, Excel

Model risk management - why should we care?

There are clear benefits to insurers from taking a holistic approach to managing model risk, says Phil Whittingham

Planning your IMAP programme

In part two of this feature, Ashish Kwatra and Jennifer (Kang) Khaleghy highlight key areas to consider when planning for internal model approval