regulation and risk management for insurance groups, we support our line of reasoning by using a generalized model of Gatzert and … of insurance groups. Some jurisdictions are taking steps toward models with a focus on the groups' consolidated balance …

regulation – as is typically done in most insurance markets – our single model will reduce the complexity and costs for insurers … standard model for Solvency II. Instead of deriving minimum capital requirements – as is done in solvency regulation – our … distributions, operating expenses, or equity capital. Hence, instead of using separate models for capital regulation and solvency …