Probability of Ruin | Methods | International Risk Management Institute | IRMI Terms | The percentile of the probability distribution corresponding to the point at which capital is exhausted. Typically, a minimum acceptable probability of ruin is specified, and economic capital is derived therefrom. | P |
Probability of Ruin | Methods | The European Economic Area | CEA Solvency II | Risk measure. The likelihood that total net cash outflows exceed at any time the available resources starting with a given amount of resources, within a specified time horizon. | P |
Probability of Ruin | Methods | The European Economic Area | Solvency II | 'Risk measure' means a mathematical function which assigns a monetary amount to a given probability distribution forecast and increases monotonically with the level of risk exposure underlying that probability distribution forecast.(Solvency II Directive art. 13(39)) | P |
Probability of Ruin | Methods | United States | NAIC ORSA MANUAL | Likelihood of liabilities exceeding assets for a given time horizon. | P |