

Nordic insurance group, Sampo, has filed an application for a group partial internal model to the Swedish FSA.
Sampo expects that the application process will be completed during the first half of 2024.
In a statement, Sampo said: “The partial internal model recognises the risk profile of Sampo’s P&C operation better than the standard formula and it is estimated that it would have reduced the group-level solvency capital requirement (SCR) by up to €0.3bn at the second quarter of 2023.”