There is a truly standard formulae for life subscription riks?

Authors

  • Asier Garayeta Bajo Universidad del País Vasco (España)
  • J. Iñaki De La Peña Esteban Universidad del País Vasco (España)

DOI:

https://doi.org/10.26360/2017_3

Keywords:

Solvency II, standard formulae, actuarial valuation

Abstract

The Solvency II directive allows creating internal models as alternative to the standard formulation. Nevertheless, in this work it is demonstrated that this standard formulation really is not so standard because every insurance company should have to develop its own formulation according to the specifications of every product that commercializes. It concerns, principally to medium and small insurance companies, in average, it is the majority into the Spanish insurance market.

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References

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Published

2017-12-15

How to Cite

Garayeta Bajo, A., & De La Peña Esteban, J. I. (2017). There is a truly standard formulae for life subscription riks?. Anales Del Instituto De Actuarios Españoles, (23), 49–70. https://doi.org/10.26360/2017_3

Issue

Section

Research articles

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