This course discusses the concept and application of the Risk-Based Capital (RBC) requirement for life insurance companies.

Learning Objectives

• Identify the purpose and impact of the RBC requirement
• Differentiate between the key risks measured by RBC
• Interpret the RBC formula
• Differentiate between the four RBC action levels

Outline

• RBC concept
• Risks covered by RBC
• RBC formula
• Total adjusted capital
• Regulatory intervention