When assessing and documenting circumstances under which the internal model does not work effectively, insurance and reinsurance undertakings shall take all of the following into account:
((a))(a) the risks which are not covered by the internal model;
((b))(b) the limitations in risk modelling used in the internal model;
((c))(c) the nature, degree and sources of uncertainty connected with the results of the internal model including the sensitivity of the results for the key assumptions underlying the internal model;
((d))(d) the deficiencies in data used in the internal model and the lack of data for the calculation of the internal model;
((e))(e) the risks arising out of the use of external models and external data in the internal model;
((f))(f) the limitations of information technology used in the internal model;
((g))(g) the limitations of internal model governance.