Gjensidige Forsikring’s Model Approval Boosts Financial Stability

Gjensidige Forsikring ASA (GB:0OJC) has released an update.

Gjensidige Forsikring ASA has received approval from the Financial Supervisory Authority of Norway to model windstorm risk in its Partial Internal Model, which will reduce the capital requirement by approximately NOK 1.3 billion. This change enhances the company’s financial stability, resulting in a Solvency II ratio of 185% for the group.

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