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ABI - From Brussels to Basel: Internal models in the Insurance Capital Standard and implications for the UK

15 Nov 2017 09:00 - 10:00
Association of British Insurers
UK Head Office - London, One America Square, 17 Crosswall, London, EC3N 2LB
Conferences & Seminars, Other, General Interest
General Insurance, Life Assurance

Free Event


Another round of field testing of the Insurance Capital Standard (ICS) comes to an end in September, and once again insurers are calculating their capital requirements using the standard method. Although the IAIS is due to start discussing “other methods” of calculation in October, there is no certainty that internal models will be part of the ICS.

In this context, the ABI and the Internal Model Industry Forum, are pleased to announce a breakfast seminar exploring the role of internal models in the ICS. As the UK considers life after Brussels, it is arguably more crucial than ever for UK firms that global standards are appropriate, and for many insurers that means recognition of either full or partial internal models.

Join insurers, regulators, and industry participants as they discuss the political, conceptual and technical challenges facing the IAIS as they consider internal models, and the impact on UK insurers of following Basel’s standard formula instead.

Speakers include:

  • Phil Whittingham, Head of Model Validation and Risk Governance, XL Catlin and Chair of the Internal Model Industry Forum
  • Abhishek Saraf, Group Capital Manager, Prudential plc
  • Regina O'Connor, SVP & Head of Government Affairs and Regulatory Policy, XL Catlin
  • Romain Paserot, Deputy Secretary General, Internatonal Association of Insurance Supervisors

Not Stated
Association of British Insurers
8th Floor, One America Square, 17 Crosswall, London EC3N 2LB

Tel: +44 (0) 207 216 7485
Contact: Megan Hawkins - Events Adviser