IPA issues discussion paper on Enterprise Risk Management , Internal Models and Operational Risk for life insurers
The discussion paper sets out issues relating to the use of Enterprise Risk Management by life insurers, the use of internal models for regulatory capital purposes, and the calculation of capital requirements for operational risk, all in the context of life insurance business.
This document will be of direct interest to all existing and prospective insurance companies undertaking long term insurance business in or from the Isle of Man. Other parties with an interest in the Isle of Man life assurance sector may also find this discussion paper and the issues raised of interest.
The document may be found here.