Models Capital, Risk, Economic Scenario Generators

Analysis

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

Cyber risk still a struggle for insurers

Progress in managing cyber risk exposures is continuing, but are insurers doing enough to convince regulators that they understand what they're doing? Paul Walsh reports

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

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

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