Internal models

In part two of this InsuranceERM / Willis Towers Watson roundtable, participants discuss their approaches to model usage, their ambitions for the model of the future and ways to improve model efficiency.

Internal models have moved from being regulatory capital tools to become an essential part of decision-making. In part one of this InsuranceERM / Willis Towers Watson roundtable, participants explain what internal models have delivered, the importance of communication with the board and how models can cope with change