Reverse Stress Testing | Methods | COSO | COSO | The possibility that events will occur and affect the achievement of strategy and business objectives | R |
Reverse Stress Testing | Methods | IAIS | IAIS ICP 16 | Reverse stress testing identifies scenarios that are most likely to cause an insurer to fail. Such an approach may help to ensure adequate focus on the management actions that are appropriate to avoid undue risk of business failure. The focus of such reverse stress testing may be largely qualitative in nature although broad assessment of associated financial impacts may help in deciding the appropriate action to take. | R |
Reverse Stress Testing | Methods | International Actuarial Association | IAA ISAP | A process for identifying events or scenarios that would lead to a predetermined financial indicator for an organization (draft) | R |
Reverse Stress Testing | Methods | The European Economic Area | Solvency II | The term is mentioned in the Guidelines on the ORSA, but has not been defined explicitly. | R |