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CAR (Other (Additions should normally be made for uncertainty such as a…
CAR (Other (Additions should normally be made for uncertainty such as a new product or variances larger that what is typically seen., Reinsurance. CAR can be taken into account. CAR should lead to sufficient capital after reinsurance. More subjective since agreements can be tailored. The 95% confidence level must still be achieved., Groups, Embedded investment derivatives. Liability is likely to be sensitive to reduction in level of equity market or change in term structure of interest rates., Management actions), max{MCAR,TCAR,OCAR}, Overview, Persistency (allows for a doubling in rates), Demographics, Operational, Financial, IOCAR: Calculated as the square root of the sum of the squared individual components since each risk of not assumed to occur independently. )