Documentation to Support Compliance with Solvency II

Solvency II (international clock image from FSA)
The European Commission implemented the Solvency II directive to introduce economic risk-based solvency requirements across all EU Member States. Solvency II is currently scheduled for introduction in 2014. Insurers and Reinsurers in the European Union need to be preparing now to ensure that they will be able to meet the modelling and documentation requirements of Solvency II. Re/insurers will be required to publicly disclose risk and capital information, including modelling details.

EQECAT is providing documentation on the methodology underlying its suite of natural catastrophe peril models to support Solvency II compliance. Below is a list of technical documents relevant to EQECAT's catastrophe risk models:

EQECAT/Platform Methodology Documentation:

  • EQECAT General Model Methodology Document
  • WORLDCATenterprise Europe Wind and Earthquake Models - A Solvency II Perspective
  • WorldCat Classic Methodology
  • WORLDCATenterprise - Country-Specific Information

Country/Peril Model Documentation

  • Asia Typhoon Model
  • Canada Earthquake Model
  • Europe Flood Model
  • Japan Earthquake Model
  • Latin America Earthquake Model
  • North Atlantic Hurricane Model
  • US Brushfire Methodology
  • US Earthquake Model
  • US Offshore Energy Model

Solvency II Publication

Industry Good Practice for Cat Modelling

Association for British Insurers
Industry Good Practice for Catastrophe Modelling
EQECAT's Gabriela Chavez-Lopez co-authored this guide to managing catastrophe models as part of The Internal Model under Solvency II.

Solvency II Resources

European Commission
Solvency II
Updates, background documentation, basic architecture, and other information and updates on Solvency II.

FSA Solvency II Webcast
FSA's all-day conference about Solvency II in London (recorded)

European Insurance and Occupational Pensions Authority
EIOPA Solvency II

Association for British Insurers
ABI Solvency II

 

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Risk Modelling & Solvency II Compliance

Call to speak with an EQECAT representative for more information about EU Solvency II requirements related to catastrophe risk modelling:

In the Americas
(201) 287-8320

In Bermuda
(201) 287-8320

In UK/Europe/Asia
+44 207 265 2030

Related News

April 3, 2012
The model challenge: castastrophe models and Solvency II

European Commission - Solvency II
"Solvency II will introduce economic risk-based solvency requirements across all EU Member States for the first time. These new solvency requirements will be more risk-sensitive and more sophisticated than in the past, thus enabling a better coverage of the real risks run by any particular insurer."
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