This session addresses the principles behind capital modeling for enterprise risk management: their design, implementation and governance. The audience will see how European insurance companies are preparing for the new Solvency II framework at the time of the Congress, as well as insurance undertakings operating within the framework of Solvency II. Explore why a robust risk management approach must not stop at a particular percentile (whether VaR95 or VaR99.5), but must consider the implications of events in the tail.