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Capital Allocation under New Canadian Regulations for P&C Insurers
We are currently in a transition period for Canadian insurance companies' regulation, moving from specific guidelines given by the Canadian Institute of Actuaries and the Office of the Superintendent of Financial Institutions to the new IFRS 17 framework. The changes are more specifically related to the financial reporting and calculations of reserves. In this presentation, we will describe the impact on researchers of the new regulatory framework. We will present specific cases, where using precise dependence models and new risk measures can be useful tools for insurance companies, to help them provide more accurate reserves and risk adjustment amounts. We will also present some drawbacks, which can be addressed with recent research results. Examples of car and catastrophic insurance products will be used to illustrate the results.
Date and Time
-
Langue de la présentation orale
Anglais
Langue des supports visuels
Anglais

Speaker

Edit Name Primary Affiliation
Mélina Mailhot Concordia University