The solvency of general insurance companies revisited

Document description

The Working Party has established a simulation model for investigating the behaviour of the run-off of an insurance portfolio under various conditions. Initial work has been confined to the study of the run-off of the assets and liabilities of a closed portfolio, but the model is in the course of being extended to incorporate the possibility of continuing new business,in the first instance for a year or 18 months, but possibly eventually for longer periods.