a.s.r. receives approval to use its partial internal model for a.s.r. Life

Written by Adam Cadle

05/01/2026

The Dutch Central Bank (DNB) has approved a.s.r.’s application for the use of a partial internal model (PIM) for determining required capital under the Solvency II framework for the ASR Levensverzekering N.V. (a.s.r. Life) entity.

This extends the use of the PIM from the Dutch Aegon Life entities to the a.s.r. Life entity and enhances a.s.r.’s overall risk management and capital efficiency.

In a statement on its website, a.s.r. said: “Compared with the standard formula under Solvency II, the PIM is better aligned with the specific risks of a.s.r.’s Life insurance activities and investment portfolio. For a.s.r. the use of the PIM reduces the required capital and is expected to deliver an uplift of approximately 10–12%-points to a.s.r.’s group Solvency II ratio (30 June 2025: 203%), subject to stable market and operating conditions.

“While lower required capital will also reduce future capital release into organic capital creation (OCC), this effect has already been taken into consideration and will therefore not affect the OCC target of €1.35bn for 2026.”

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