Models Capital, Risk


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

How to get your Solvency II internal model approved

Ashish Kwatra and Jennifer (Kang) Khaleghy discuss the lessons learnt in applying for regulatory capital models and explain how to manage an effective model approval programme

Insurers make 'short work' of SFCR internal model disclosures

David Walker compares how firms describe internal models in their solvency and financial condition reports and considers how the practice may evolve