Fin. Health

Brief Introduction

Before we begin, I suggest we start at the CIA Guidance paper [Google].  Probably take the LATEST one, but review syllabus for details.

CIA AA Guidance Summary

Syllabus

Define, Calculate, Process and Use to Evaluate Health:

  1. MCT
  2. DCATOSRA
  3. Stress testing
  4. Internal target capital ratios
  5. MSA Ratios (and a cheat sheet)
  6. Key financial measures used by rating agencies
  7. Rules-based and principles-based solvency regulation (ORSA, MCT, and Solvency II)

Calculate

  • Excess (deficiency) ratio of net claim liabilities
  • Earthquake Reserves