How Fennia Life Models Insurance Risk for Solvency II, Using MATLAB and the mSII Toolbox - MATLAB
Video Player is loading.
Current Time 0:00
Duration 30:55
Loaded: 0.53%
Stream Type LIVE
Remaining Time 30:55
 
1x
  • Chapters
  • descriptions off, selected
  • captions off, selected
  • en (Main), selected
    Video length is 30:55

    How Fennia Life Models Insurance Risk for Solvency II, Using MATLAB and the mSII Toolbox

    Timo Salminen, Model IT

    Insurance market regulation will take a giant leap at the beginning of 2013 when the European Union begins to enforce the Solvency II regulation. Insurance companies are required to model and price insurance contracts to the most granular detail, a major challenge for all insurers. This is particularly challenging for life insurance, where policies include many possible capital market relations and optionalities.

    To simplify this problem, Model IT developed mSII toolbox for MATLAB, providing companies with a simple and efficient modeling platform to calculate insurance risks. In this presentation, we demonstrate mSII and share our experiences working with Fennia Life, a Finnish insurance company that successfully ran an authority reporting test (QIS5) in October 2010 using mSII.

    Recorded: 1 Jun 2011

    Related Products

    Learn More