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Economic capital / Other risks [23]

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Bullet points include: Risk metric and time horizon need choosing Incorporate allowance for management actions, i.e. changes made at future points in time in response to particular scenarios E.g. changes in investment strategy, capital base, product lines being sold, reinsurance cover, premium rates, dividends paid, bonuses declared on with-profits policies Whether these would really happen may need validating Also need to incorporate policyholder reactions N.B. level of complexity and number of parameters may be a challenge

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