CAS Exam 6C Fall 2013, Question 33

Study guide: Exam 6C

An insurance company recently acquired a large portfolio with significant earthquake exposures. Prior to this acquisition, the company's book had no such exposure. Describe the key principles the company should consider to meet the expectations set out in OSFI's earthquake guideline.

Part a (2.5 points)

Answer this question and see the worked solution

Concepts tested

• Earthquake Exposure Risk Margin
• Earthquake Reserves
• Probable Maximum Loss
• Catastrophe Exposure Management
• Catastrophe Modelling

More questions from this set

• CAS Exam 6C Fall 2013, Question 32
• CAS Exam 6C Fall 2013, Question 34