Are economic capital models still fit for purpose?

Many insurers employ an economic capital model (ECM) to help with capital management, but are they being used to their full potential and have they kept up with the changing environment?

There are many aspects that can be optimised, from calculations to processes and how they are employed within the company.

Amerjit Grewal,

Deputy Chief Actuary, AEGIS London

Christopher Cundy (Moderator),

Managing Editor, InsuranceERM

Gareth Jones,

Head of Capital Management, Hiscox

Julien Masselot,

Head of GI Capital & Risk, Barnett Waddingham

Robert Moorehead-Lane,

Interim Chief Risk and Compliance Officer, AmTrust Specialty

William Monelle,

UK Chief Risk Officer, Canopius

Are economic capital models still fit for purpose?

To what extent are ECMs embedded in the business, and what are the opportunities for broadening their use in steering the business?

Changing regulations around use of internal models in the UK, EU and Bermuda.

What benefits and risks could AI bring to the capital modelling process?

Improving the efficiency of model validation

Maintaining consistency between ECMs and other models

Are economic capital models still fit for purpose?

Speakers

Discussion points:

To what extent are ECMs embedded in the business, and what are the opportunities for broadening their use in steering the business?

Changing regulations around use of internal models in the UK, EU and Bermuda.

What benefits and risks could AI bring to the capital modelling process?

Improving the efficiency of model validation

Maintaining consistency between ECMs and other models

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