Every insurer must hold enough capital to survive a very bad year, typically sized at a 1-in-200 event. Regulators call this the Solvency Capital Requirement (SCR).
A firm can calculate its SCR with a standard regulatory formula, or build its own model of its actual risks. An Internal Model simulates tens of thousands of possible years, with catastrophes, reserve shocks, market falls and reinsurance recoveries all interacting. It then reads the capital need off the worst outcomes.
The total buffer is shared out across lines of business, so you can ask “how much capital does Cyber consume, and is its profit worth it?” Because risks rarely go wrong together, the whole needs less capital than the sum of the parts. That difference is the diversification benefit.
Having an Internal Model isn’t enough. Supervisors expect it to actually inform business planning, reinsurance purchasing and underwriting appetite.
Answering that question usually travels through spreadsheets, email threads and slide decks. By the time it reaches the board, the assumptions have been restated and the reasoning has been lost.
STEER is built to close that gap.
STEER links each step into a single auditable record: who asked, what changed, which run was relied on, who reviewed it and who signed it off.
STEER never calculates capital itself.
Your model stays the single source of truth. STEER makes its output usable, traceable and decision-ready.
The extra losses trigger stop-loss reinsurance and shift diversification. STEER surfaces that gap and explains it, rather than letting a rough number reach the boardroom.
STEER turns capital model output into a decision process you can defend, line by line, to your board and your regulator.
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