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Economic capital presentationSlide 1 (Cover Slide) IntroductionGood initiated the economic capital project three years ago in order to enhance our group-wideplatform for business management. The project was a significant undertaking as it imposedthe strict discipline of a single-yardstick to assess and quantify all of the risks, and associatedcapital requirements, across the have also put in a place a regular reporting process across all of our operations. Theeconomic capital position across the group is a regular agenda item at the Group s Asset-Liability this Presentation I will first describe the high-level objectives behind this initiativeSecond, I will explain some of the key principles underlying the approach that we , I will share with you some of the r
capital for the remaining business is calculated in individual stand-alone models. This is then added to obtain the Group Capital Requirement using a correlation matrix approach. This is a standard aggregation approach used by banks and some other insurers. Over time of course, we will look to migrate more individual stand-alone country models into
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