Tariff calculation - New products process (NPP)
According to the Minimum Requirements of Risk Management in Insurance Companies (MaRisk VA), a check should be carried out on how far a newly developed product influences the solvency of the company, and how it combines with the insurer’s risk strategy. This includes an assessment of the effects of the new product on reinsurance. In the context of Solvency II, the risk management system is to be considered for the product development. The requirements for such a risk-sensitive new product process can be implemented together with the ORSA process of pillar 2.
Meyerthole Siems Kohlruss (MSK) supports companies in implementing new product processes and in integrating them into the ORSA process of Solvency II.