A Holistic Analysis in a Multi-Scenario Framework of All Significant

question 14

Multiple Choice

A holistic analysis in a multi-scenario framework of all significant factors that can affect an insurer's future financial condition is called:

• A) Insurance resting (IT)
• B) Dynamic solvency testing (DST)
• C) Financial testing (AT)
• D) Adequacy testing (AT)

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Definitions:

Tibia

A large bone located in the lower leg, commonly known as the shinbone.

Patella

The knee cap; a small, round bone that sits in front of the knee joint, helping to protect it and enhance leverage for leg muscles.

Ischium

One of the three bones that make up the pelvis, helping to form the hip joint and bear the weight of the body in the sitting position.

Perfectly Inelastic

Describes a situation in which the quantity demanded or supplied does not change in response to a change in price.