Stochastic Analysis | Methods | IAIS | IAIS Supervisory Material | A methodology which aims at attributing a probability distribution to financial variables of interest. It sometimes uses closed form solutions, often involves simulating large numbers of scenarios in order to reflect the distributions of the capital required by, and the different risk exposures of, the insurer. | S |
Stochastic Analysis | Methods | United States | NAIC ORSA MANUAL | A methodology designed to attribute a probability distribution to a range of possible assumptions. This can include changes to a single assumption or combination of assumptions. | S |