Embedding capital models in the business

Document description

The need to demonstrate that an insurer's capital modelling framework is embedded in the business, that is to say an integral part of the decision making processes across an insurer, is becoming an increasingly important topic for those working in the capital modelling field. This paper, prepared by the Embedding Capital Models in the Business Working Party seeks to bring together ideas on this topic, provide a means of assessing the extent to which a company has embedded its capital model and suggest steps insurers could take to make models more embedded.