Regulatory Alerts2023-02-06
Added · Updated
Financial Services Commission Stress Testing Guidelines for Insurance Companies
The Financial Services Commission issued these guidelines to require insurance companies to implement stress testing as a fundamental component of their risk management frameworks. The document mandates that insurers conduct both sensitivity and scenario analyses to evaluate vulnerabilities across insurance, market, credit, liquidity, operational, group, and systemic risks. It further specifies requirements for testing frequency, modeling techniques, and the assessment of risk correlations and management actions to ensure financial resilience.
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