Transcription of ECONOMIC CAPITAL MODEL VALIDATION - willisre.com
{{id}} {{{paragraph}}}
Example: quiz answers
ECONOMIC CAPITAL MODEL VALIDATION - willisre.com
ECONOMIC CAPITALMODEL VALIDATIONM arkus StrickerWillis ECONOMIC CAPITAL ForumDavid SimmonsWillis ReDave IngramWillis ReContentsAbstract ..1 Section I: Introduction ..2 Section II: Motivations for MODEL VALIDATION ..3 Lessons from the banking industry ..3 Insurance regulation ..3 Rating agencies ..5 Section III: Structuring a VALIDATION process: what, who, What: assessing the level of MODEL risk ..7 Who should validate? ..8 How: an overview ..8 Section IV: Proposed VALIDATION process ..9 1. Conceptual risk ..9 2. Implementation risk ..11 3. Input risk ..12 4. Output risk ..13 5. Reporting risk ..14 Considerations for specific types of sub-models ..15 Conclusion ..18 Appendix: Sample VALIDATION checklist ..19 1. Conceptual risk ..19 2. Implementation risk.
need for careful description of the purpose of the model, its applications, and its users. Without these it is impossible for the validation team to assess the adequacy of the concepts
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document:
Related search queries
Business Analytics Principles, Concepts, and Applications, MBCI - 1 Principles of Management, Business, MANAGEMENT & SUPERVISION PORTFOLIO, Principles, Workflow Service Amazon Simple, Amazon Simple Workflow Service, Applications, OF QUANTITATIVE TECHNIQUES IN, OF QUANTITATIVE TECHNIQUES IN MANAGERIAL DECISIONS, OECD PRIVACY FRAMEWORK, OECD, OPENSTACK INTRODUCTION AND ARCHITECTURE