Question

What is one way to minimize model and parameter risk in controlling expense risk?

a.

By increasing the complexity of the expense model

b.

By relying solely on internal expertise

c.

By regularly monitoring and adjusting the model

d.

By ignoring potential risks

Answer: (c).By regularly monitoring and adjusting the model Explanation:One way to minimize model and parameter risk in controlling expense risk is by regularly monitoring and adjusting the model to ensure its appropriateness.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. What is one way to minimize model and parameter risk in controlling expense risk?

Recommended Subjects

Are you eager to expand your knowledge beyond IC 92 Actuarial Aspects of Product Development? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!