This series concludes its review of the implementation measures described by CEIOPS regarding procedures to be followed for the approval of an internal model. The appendices are presented today.
Appendix 1: Examples of model changes
In its final advice on ‘The procedure to be followed for the approval of an internal model’, CEIOPS gives the following examples of model changes:
This series was prepared by Guy Carpenter’s Financial Intelligence Team (FIT). Questions regarding this briefing may be directed to any of the FIT members, listed below.
Susan Witcraft, Managing Director, Minneapolis +1 952 832 2143
Frank Achtert, Managing Director, Munich +49 89 28 66 03 361
Eddy Vanbeneden, Managing Director, Brussels +32 2 674 98 11
David Flandro, Senior Vice President, London +44 (0)20 7357 3267
Benoît Butel, Vice President, Paris +33 1 56 76 48 26
Sebastien Portmann, Vice President, Zurich +41 44 285 9322
The information contained in this internal briefing is proprietary and confidential and is intended for the use of employees of Guy Carpenter & Company, LLC and its affiliates (collectively, “Guy Carpenter”). If you are not an employee of Guy Carpenter, you are hereby notified that any disclosure, copying, distribution or the taking of any action in reliance on the contents of this internal briefing is strictly prohibited. If you have received this internal briefing in error, please immediately notify Guy Carpenter to arrange for return of the original documents to us.
The data contained herein is provided for information purposes only. Guy Carpenter makes no representations or warranties as to the accuracy of such information nor is it obligated to update such information. The information is not intended to be taken as advice with respect to any individual situation and cannot be relied upon as such.
Statements concerning, tax, accounting, legal or regulatory matters should be understood to be general observations based solely on our experience as reinsurance brokers and risk consultants, and may not be relied upon as tax, accounting, legal or regulatory advice which we are not authorized to provide. To the extent that you discuss such statements with your clients, be sure to advise your clients that all such matters should be reviewed with their own qualified advisors in these areas.
The trademarks and service marks contained herein are the property of their respective owners.
© 2010 Guy Carpenter & Company LLC