A recent Article in the Scientific American (click here) analyses how certain presumptions that served as the basis of computer-models to estimate the level of financial risk of a portfolio for a set period at a certain confidence level contributed to the recent financial crash. I am looking forward to hearing about statements from European insurers and their regulators in this respect, as comparable models form a vital component of the preparations for the future "Solvency II" regulatory regime.
(via The Big Picture)
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