Hi PBhella
To answer your questions:
- These two things mean the same thing.
- This part of the question is about ‘reducing the deterioration’ rather than just ‘improving’ the capital / solvency position. Accordingly, most of the solution covers things that could address potential issues causing the deterioration, rather than ways of improving the position without addressing the causes of these potential issues (ie capital management tools). You will see that capital management tools are covered in the answer, but only as one possible avenue of response to the situation; the aim to cover as many different angles as possible, in order to demonstrate breadth of understanding.
Hopefully this makes sense.
Kind regards
James
Last edited by a moderator: Aug 25, 2023