Lloyd's Exposure Management – SBF AEP Probabilistic Event Test for 5 Nat Cat events
PMD are introducing a 1 in 30 year AEP Probabilistic Test in relation to the Natural Catastrophe RDS events for future SBF returns. RDSs will continue to be collected for the foreseeable future and remain a critical part of Lloyd’s oversight.
The proposal to change the process for business planning was discussed with the LMA Exposure Management Steering Group in September 2012 and Lloyd's collected OEP data from the market as part of the 1 January 2013 RDS return as a pilot exercise. AEP data is already collected through the LCM returns.
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