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Solvency II : internal model validation and the challenges for insurers

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      <subfield code="a">The authors consider the areas of an internal model requiring validation,  the tools needed to do so and the challenges insurers are now facing, including the Board's responsibilities as part of the validation process. They also illustrate how the validation activities may be split across different teams and outline how insurers can use their three lines of defence to coordinate the validation work</subfield>
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