Talanx receives internal model approval

German insurance group Talanx has received approval for its
internal model from domestic regulator the Federal Financial
Supervisory Authority (BaFin).
Talanx said it had used its model for several years, and that
the approval confirmed that the methods and procedures underlying
the model conformed to Solvency II regulations.
The carrier began its work on the model back in 2007 and has
been cooperating closely with BaFin since then.
Under Solvency II the regulatory solvency ratio was 184 percent