earthquake

CaptainKCaptainK
in OSFI.MCT

Hello,

In the section of the MCT covering earthquake insurance risk, 2 methods are presented: model approach and standard approach. The standard approach involves the use of PTIV, while the model approach uses PML500.

However, old exams have also utilized PML420, which is not covered in battleacts example. Should we focus solely on the 2 methods presented in battleacts materials, or is it also necessary to understand how the exam problems are solved using PML420?

Thanks,

Comments

  • Staff-T1Staff-T1

    Ignore the phase-in method (PML 420). It is no longer relevant going forward

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