Model wewnętrzny w systemie Wypłacalność II – droga do jego zatwierdzenia
Internal model in Solvency II system – the way to its approval

Summary/Abstract: The article aims at presenting the process of the approval of the internal models (full and partial) based on the CEIOPS' advice for level 2 implementing measures on Solvency II. The following stages of the process of the approval of the internal models have been present- ed: pre-application process, application, policy for changing the full and partial internal model, assessment of the internal model by the supervisory authority and decision making process. The article also prescribes tasks and challenges for insurance companies and for supervisory authorities in the new Solvency II system regarding internal models.

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