Posts Tagged ‘Solvency II’
Analytics in the large Solvency II
May 9, 2012
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Solvency II is a European Union Insurance specific regulation similar to BASEL III for Banks. It is also a quantum jump in the art and science of macro economic forecasting and imposes a level of precision with complexity that will be a challenge for all. While delayed in implantation the ongoing economic crisis and the debate over more austerity or more government funded stimulus highlights the conflicting needs of precision ( 99.5% certainty level) and robustness ( under dramatic different scenarios) .
I authored a Point of View for a client some time back. Read the original for the full implications. The paper is a deep dive. You are forewarned….
Categories: Insurance, IT
Agent Based Modeling, Anaytics, Complexity Theory, Monte Carlo, Solvency II, Stress test