RSA Insurance Group plc (‘RSA’) confirms, as announced by the PRA on 5 December, that it has received approval for its Solvency II full internal model.
The approval covers RSA Insurance Group plc and its principal EEA subsidiaries.
RSA welcomes this important milestone and looks forward to reporting its Solvency II numbers for the first time at its 2015 full year results on 25 February 2016.
It is expected that these numbers with associated disclosures will provide data that is supportive of, and consistent with RSA’s broader capital position and credit ratings and show a coverage ratio moderately higher than our previously disclosed ECA model.
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