CAS Exam 6C Spring 2016, Question 17
Study guide: Exam 6C
The Earthquake Exposure Sound Practices Guideline sets out OSFI's expectations for policies and procedures applicable to insurers that have material earthquake exposure.
Part a (0.5 points)
Briefly describe two methods to test the completeness, accuracy and consistency of the exposure data.
Part b (0.75 points)
Briefly describe three best practices that insurers are expected to have in order to ensure that their earthquake models are appropriately used.
Part c (0.75 points)
Identify three non-modelled exposure and risk factors that should be considered as part of an insurer's earthquake PML.
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