Fall 2019 Q20c
How do I know if the capreq(unpaid cat claims) has no overlap with capreq(CAT) in this question?
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How do I know if the capreq(unpaid cat claims) has no overlap with capreq(CAT) in this question?
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There is never an overlap between CapReq for unpaid claims and CapReq for cats. These are separate categories within the insurance risk component of MCT. Some of the CapReq for unpaid claims may be due to cats that have already happened but CapReq for cats is for the potential for cats that have not yet occurred.