Duc Thinh Vu
Active Member
Hi everyone, I just want to ask a question that does not relate to the exam.
Could you please explain to me why the sub-module CAT doesn't exist in Market Risk module in Solvency 2, while it does exists in other module (Health, Life, Non-life), provided that the ocurrence of a catastrophic event (for example 11 September 2001) does have impact in the Own funds of an insurance company in terms of Market Risk module. (for example the value of stocks held by insurance companies decreased in value).
Thank you very much for your help!
Could you please explain to me why the sub-module CAT doesn't exist in Market Risk module in Solvency 2, while it does exists in other module (Health, Life, Non-life), provided that the ocurrence of a catastrophic event (for example 11 September 2001) does have impact in the Own funds of an insurance company in terms of Market Risk module. (for example the value of stocks held by insurance companies decreased in value).
Thank you very much for your help!