(2014.Fall #3) part d
Can we safely assume the first answer provided in the Battle Card is out of date when it says a challenge in solvency regulation is that RBC doesn't include catastrophe risk? Or does this refer to a different type of risk than R(Cat) covers, like risk that isn't hurricanes and earthquakes?
Comments
Yes, cat risk is currently being covered by the cat capital element. Asbestos & environmental can still be considered a challenge point.