Guidance

SS19/16 – Solvency II: ORSA

Chapter

Internal model

Printed on: 06/11/2024

Rulebook at: 25/11/2016

10

Internal model

10.1

The PRA expects, in line with Guideline 10 of the EIOPA Guidelines on own risk and solvency assessment,[7] that all internal model firms’ ORSA reports will confirm and evidence the continued adequacy of the model to calculate the solvency capital requirement, and will confirm that all risks identified by the firm are included in the internal model. Any risks which are not accounted for in the internal model are expected to be included in the ORSA along with a justification for their exclusion from the model.

  • 7. EIOPA Guidelines on own risk and solvency assessment (ORSA) EIOPA-BoS-14/259 EN.
  • 25/11/2016