CAS Exam 6C Fall 2013, Question 27
Study guide: Exam 6C
Part a (1.5 points)
Identify and briefly explain the A. M. Best's three keys to strong catastrophe risk management.
Part b (1.25 points)
Fully describe the methodology used in the A. M. Best's Capital Adequacy Ratio (BCAR) model for the natural catastrophe stress test.
No current syllabus covers this question; it is kept for the record.
Answer this question and see the worked solution
Concepts tested
- Catastrophe Exposure Management
- Best's Capital Adequacy Ratio
- Rating Agency
- Probable Maximum Loss
- Stress Testing