Use test - Mind Map

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NK-Market Entry Strategy

Nitin Kashyapにより

Frequency adverbs

Zaira Yamile Geronimo Carballoにより

SQS Plan

Curtis Highetにより

Christopher Columbus

Agustin Andres Burbano Románにより

Use test

AMSB

Gives feedback on the model

Effectively uses the model

Understands the model

Which board members need to understand the model? Which minimum level of understanding do board members need? How frequently should NSAs assess this understanding?

Uses of the internal model

ORSA

RM: risk ranking, limits, risk appetite...

Remuneration/incentive

Capital allocation

Business strategy

Reinsurance optimisation

Product pricing

Business/portfolio acquisition or disposal

Economic model

Which elements generate differences between the eco. and regul. models?

Spread risk assumption on Govies

1-year view vs. Ultimate

Allowance for diversification benefits

Volatility and matching adjustments

Difference in swap curve

Contract boundaries

Which are the conditions for accepting the use of a different Economic model?

Policy for changing the model

How should be considered an IM BEFORE a major change is approved? ok for reporting?

Numbers of changes should not be automatically seen by NSAs as a negative signal.

Validation

Are granularity and frequency appropriate for the use of the IM within the group?

Role of the CRO within the board

Clarity around model limitations

Apply proportionality principle

Internal model calculations

Calibration

Run time

Granularity

Frequency