There is a truly standard formulae for life subscription riks?
DOI:
https://doi.org/10.26360/2017_3Keywords:
Solvency II, standard formulae, actuarial valuationAbstract
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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