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Hi there, I am a bit confused with how we can assess the amount of capital to write a product. The notes say that "For each product, total up...
The answer in relation to this captive capital requirements question refers to ICA. This individual capital assessment approach came into effect...
Chapter 14 (Capital management) says "Required capital represents the level of assets required in excess of liabilities so that policyholder...
Can someone help me with this exam solutions please? In the solution, it says • It assumes that risks are fully independent But is it possible...
How does a clearing house make money and thus ensure it's own capital stability? In the case of futures, there's no fee and margins don't provide...