CAS Exam 6C Fall 2013, Question 31
Study guide: Exam 6C
OSFI expects insurers to develop a formal stress testing process as part of a company's financial risk management.
Part a (0.5 points)
Briefly describe two purposes of such stress testing.
Part b (1.25 points)
Describe and contrast "scenario testing" and "sensitivity testing."
Answer this question and see the worked solution