IAIS Insurance Core Principles (ICPs)
ICP 17: Capital adequacy – IAIS Insurance Core Principles (ICPs)

IAIS Insurance Core Principles (ICPs) 17.17: 17.17 Documentation of the model's design, construction, governance and validation

Where internal models are allowed, the insurer must provide documentation explaining the model's design, construction and governance, including the rationale and assumptions behind its methodology, sufficient to demonstrate compliance with the validation requirements of the statistical quality, calibration and use tests.

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