Question 1: In a financial model for a property and casualty insurer, how do you assess the impact of large catastrophic events on the overall portfolio?
Which action should you take?
Question 2: What is the role of a "funding policy" in pension plan management?
Which action should you take?
Question 3: How do you estimate the tail risk of an asset using Monte Carlo simulations?
Which action should you take?
Question 4: When using a Monte Carlo simulation for portfolio forecasting, which of the following is most important?
Which action should you take?
Question 5: What is the purpose of using copulas in risk modeling?
Which action should you take?
Question 6: Which of the following is a key assumption when using Monte Carlo simulations for financial forecasting?
Which action should you take?