Capital Requirements for Cat Risks under the Solvency II Standard Formula
Summary
A Cat loss resulting from extreme or exceptional events can be a significant issue for a (re)insurance company. Under Solvency II, the Standard Formula introduces a better, but still not fully adequate, treatment of Cat risks than under Solvency I.
A Cat loss resulting from extreme or exceptional events can be a significant issue for a (re)insurance company. Under Solvency II, the Standard Formula introduces a better, but still not fully adequate, treatment of Cat risks than under Solvency I.