PANEL DISCUSSION: Post Solvency II: what does business as usual look like in terms of model validation?
- Keeping the model valid post IMAP (internal model approval process)
- What constitutes 'fit & proper requirements for Solvency II' now that we are in the Senior Insurance Managers Regime (SIMR)?
- Stress (and reverse-stress) testing and scenario testing
- The need to reach an agreement on exactly what makes the business unviable (ie it would certainly be unviable before capital runs out)
- Model changes
David Innes, Group Capital and Financial Risks Director, RSA
Philip Whittingham, Head of Model Validation & risk Governance (including Operational Risk), XL Catlin
Tom Bryant, Head of Audit (LGR), Group Internal Audit, Legal and General
Moderated by: Chris Cundy, Managing Editor, InsuranceERM
