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Solvency II News, October 2011

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Some of the most important challenges for insurance and reinsurance firms have to do with risk management, the use test, data management and model validation.

It is time to study a really good paper from the FSA (UK) that covers all the above.

Financial Services Authority
Solvency II: Internal Model Approval Process
Thematic review findings

The thematic review focused on four areas:

• Risk management;

• Use test;

• Data management; and

• Mo…