ERM-501-12: Risk Based Capital–General Overview



Reading Source: ERM-501-12 Study Note

Topics Covered in this Reading:

  • Overview
    • Results of the RBC Calculation
  • The Risks
    • Asset Risk - Affiliate
    • Asset Risk - Other
    • Insurance Risk/Underwriting Risk
    • Interest Rate Risk (Life Insurers Only)
    • Business Risk (Life & Health Insurers)
  • The Formulas
  • Action Levels
  • Trend Test
    • Life
    • P&C
    • Health



Does anyone can explain the definition of business risk within the RBC component?
I think it is similar to operational risk, but not sure.