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Speaker(s): Maria Heep-Altiner
Over the last years, the non-life section of the German Actuarial Association has developed the "Feldafinger Brandkasse" as a non-life data model to be used freely for actuarial investigations that has been presentend at several places.
Complementary to this, the "IVW Private Lines" has been developed by the research group financial and actuarial risk management (FaRis) at the Cologne University of Applied Sciences in a cooperation with the University of Limerick as a (slightly) simpler non-life data model to be used by students where this model should cover as comprehensively as possible all relevant actuarial as well as economical aspects.
The data model of the "IVW Private Lines" contains all actuarial features to illustrate in a consistent way the three Solvency II pillars and their high interconnectedness. On the base of this data model, the following aspects can be illustrated:
Illustrating the very complex interrelations between all pillars should be quite helpful for all actuaries or other practitioners working in environments with Solvency II interrelations. The model contains the complexity needed with respect to the interrelations, but it is not more complex than necessary. By the very illustrative way, a high practical value should be guaranteed.