Scherer, Matthias; Stahl, Gerhard - In: European Actuarial Journal 11 (2020) 1, pp. 3-20
Establishing a standard formula (SF) for the regulation of European insurance companies is a Herculean task. It has to acknowledge very different business models and national peculiarities. In addition, regulatory authorities—as a stakeholder on their own—have a number of supervisory...