Generali gets part internal model approval - FREE

Generali gets part internal model approval - FREE

Italy’s financial regulator has given Generali approval for a partial internal model, back-dated to January 1.

The Italian insurer joins the minority list of European insurers using an internal risk model approach to calculating its Solvency Capital Requirement under the EU’s Solvency II regulation, which came into play this year.

The authorisation from Italy’s IVASS regulator applies at group level as well as for Generali’s main Italian and German insurance companies, for its non-life French operations, and for Czech subsidiary Ceska Pojistovna.

Generali said more information would be provided on March 18 when the insurance group releases its 2015 annual results.

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