Survey highlights variation in practice across the industry
There are clear benefits to insurers from taking a holistic approach to managing model risk, says Phil Whittingham
UK-based group builds on work in banking industry
Model limitations must be understood to unlock benefits beyond underwriting
The diversification benefit is a crucial factor in internal models, but how do you pin down dependencies in the absence of hard data? Justin Skinner and Russell Ward share their experiences
Covering operational risk modelling and diversification benefits
Proposes control mechanism for Solvency II risk models