OSFI Earthquake Flashcards
1
Q
OSFI Earthquake - Componets of earthquake esposure management policy
A
risk appetite and tolerance; data management practices; exposure aggregation monitoring and reporting; appropriate models; adequacy of resources for PML; contingency plans for claims handling; potential increased claims and operating costs following event
2
Q
OSFI Earthquake - How to test data for completeness and accuracy
A
score at time of underwriting; remediate sources of inadequate data; implement safeguards; invest in technology
