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Well, 2 answers I knew right away :-)
d) That depends on what is insured. In classical life insurance (person gets sum insured in case of death only) one risk would be large catastrophes with many insured people involved (like 9/11, for example). A "larger" risk is, as you said, change in interest rate, though. In Germany (I don't know about other countries)...
3
-S.06.02.02 does not exits because the anual code S.06.02.01 is reused for the quarterly reporting. Note that there are not changes in comparison with anual table structure.
-S.06.02.03 does not exits for day 1. Note that this last ".03" means Day 1 Solo.
The idea of the codification is to reuse (when possible) the same codes as far as the table structure ...
3
In my opinion "risk-free rate" and "of Solvency II" are still not entirely defined terms. This is why the answer to your question is not entirely defined as well. As Solvency II is not yet in force the only specific information available is from the various impact studies and subject to change. The most recent impact study is the LTGA. You find the specs for ...
2
Your link refers to a paper that compares the Standard Formula (prescribed approach to SII calculations) and Internal Models (where companies apply to use their own approach for deriving capital requirements). It is an old paper (2009). My suggestion would be to start by taking a look at the latest Technical Specs (30th April 2014) and navigate any ...
2
There is a brief discussion of the two modelling frameworks in An Introduction to Economic Capital by Mohan Bhatia in the "Insurance Risk" chapter. To pull a quote from the "Solvency II versus Basel II" section of that chapter:
Like the regulatory approach to internal models in Basel II, Solvency
II aims to bring the internal modelling approaches ...
1
I looked at the ITS, and can't find any reference to those templates. I suppose they got lost in some reshuffling.
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