Solvency II IMAP working party
The remit of this working party is to investigating the internal model approval process for Solvency II and the specific challenge this presents for GI actuaries.
Objectives:-
The role of the group is to discuss the following challenges and look into possible practical solutions for:-
- What level of documentation is sufficient for a third party actuary to gain comfort over the model?
- How are the requirements for risk ranking and calibration being interpreted in practice?
- What level/extent of use are firms targeting?
Ouputs:-
- Presentation at GIRO 2009.
- Presentation at the Momentum conference 2010.
- Paper for GIRO 2012 Brian Hey Prize.
- Presentation at GIRO 2012.
- Aiming to presentat at GIRO 2013 (GIRO40).
Membership:-
Chair: Gavin Dunkerley
Current number of members: 15
If you would like to join this working party, or for further information on any of our general insurance working parties please email Dawn McIntosh, Communities Manager.