PRMIA 8010 Question Answer
When building a operational loss distribution by combining a loss frequency distribution and a loss severity distribution, it is assumed that:
I. The severity of losses is conditional upon the numberof loss events
II. The frequency of losses is independent from the severity of the losses
III. Both the frequency and severity of loss events are dependent upon the state of internal controls in the bank
PRMIA 8010 Summary
- Vendor: PRMIA
- Product: 8010
- Update on: Jul 29, 2025
- Questions: 240
