Implementation and Uses of Economic Capital ... - ERM Symposium
Implementation and Uses of Economic Capital ... - ERM Symposium
Implementation and Uses of Economic Capital ... - ERM Symposium
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Concluding Remarks<br />
• ING has been using <strong>Economic</strong> <strong>Capital</strong> approach internally for many<br />
years to support management decisions within <strong>ERM</strong> framework<br />
• Use EC <strong>and</strong> market consistent techniques to manage business at all<br />
levels<br />
• PProduct d t design, d i pricing i i <strong>and</strong> d approval l<br />
• Setting risk/reward strategy<br />
• Risk, capital <strong>and</strong> value management <strong>and</strong> reporting<br />
• EC framework is well suited for managing the business<br />
• Based on best-in-class models<br />
• Consistent with direction <strong>of</strong> Solvency y II<br />
• Provides results we believe reflects the economics <strong>of</strong> the business<br />
• Provides appropriate incentives for capital <strong>and</strong> risk management<br />
Retirement - Insurance - Investments 14
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