[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-399038-105":59,"doc-detail-399038-en":130},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":123,"head_meta":125,"extra_data":127,"updated_unix":129},105,"en","sawasdee-actuary-3-soa-exam-risk-based-capital","Sawasdee Actuary - 3 - SOA exam risk-based capital","","Sawasdee Actuary issue 3 focuses on key concepts used in SOA exam materials, especially risk-based capital (RBC) and solvency topics. The content discusses valuation foundations for assets and liabilities, including fair value, lower of cost or market value, and marked-to-market ideas. It also covers modified net premium and conservative assumptions, provision for adverse deviation (PAD), best estimate assumptions, risk margins, and non-guaranteed versus guaranteed treatment, connecting these to capital or solvency margin requirements and risk charges.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":20,"@type":76,"position":81},"https://docshare.wps.com/document/exam/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/sawasdee-actuary-3-soa-exam-risk-based-capital/399038/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/sawasdee-actuary-3-soa-exam-risk-based-capital/399038.png","ImageObject",300,407,{"name":92,"@type":93},"gewufjwa","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-30","2026-09-27",true,{"@type":102,"interactionType":103,"userInteractionCount":39},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What is the main theme of this issue of Sawasdee Actuary?","Question",{"text":112,"@type":113},"It concentrates on SOA exam-related material centered on Risk-Based Capital (RBC), solvency, and related valuation and risk charge concepts.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"Which valuation approaches for assets and liabilities are mentioned?",{"text":117,"@type":113},"The material references fair value, lower of cost or market value, and marked-to-market-style concepts used in valuation discussions.",{"name":119,"@type":110,"acceptedAnswer":120},"How are PAD and risk margin connected to the RBC/solvency framework?",{"text":121,"@type":113},"The document introduces provision for adverse deviation (PAD) and risk margin as part of conservative assumption structure that supports margin requirements under solvency and capital calculations.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},399038,1791131580,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":39,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":34,"language":139,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":67,"update_tm":143,"read_time":144,"preview_page_count":4},3985747882900,"https://ap-avatar.wpscdn.com/davatar_9964176cb1d06d4a9deccf72a44ae3dc","Sawasdee Actuary  \n􀀁􀀂􀀃􀀂􀀄􀀅􀀆 3 􀀈􀀉􀀊􀀋􀀌􀀍􀀎􀀏􀀐􀀑􀀒􀀓􀀔􀀕􀀖􀀍􀀗􀀃􀀒􀀘􀀙 2550  \n􀀁􀀂􀀃􀀄􀀅􀀆􀀇􀀈􀀉􀀃􀀊􀀈􀀋􀀁􀀊􀀄􀀌􀀍􀀊􀀈􀀈􀀋􀀁􀀎􀀈􀀏􀀎􀀈􀀈􀀎 􀀑􀀍􀀎􀀒􀀓􀀔􀀑􀀕􀀖􀀕􀀓􀀗􀀘􀀈􀀎􀀙􀀘􀀕􀀗􀀚􀀅􀀚 Sawasdee Actuary 􀀇􀀛􀀜􀀚􀀝􀀞􀀗􀀟􀀄􀀠􀀋􀀃􀀁􀀎􀀈􀀒􀀓􀀔􀀑􀀚􀀡􀀝􀀞􀀗􀀘 􀀕􀀍􀀊􀀚􀀊􀀉􀀃􀀚􀀏􀀔􀀊􀀄􀀢􀀊􀀒􀀁􀀆􀀄􀀝􀀑􀀎􀀈􀀌􀀂􀀚􀀆􀀋􀀕􀀗􀀘􀀣􀀤􀀔􀀠􀀋􀀃􀀁􀀊􀀘􀀣􀀍􀀎􀀚 SOA exam 􀀇􀀈􀀉􀀃􀀊􀀇􀀆􀀉􀀊􀀚􀀙􀀥􀀦􀀧􀀂􀀕􀀎􀀌􀀚􀀠􀀋􀀃􀀣􀀍􀀎􀀚􀀈􀀎 􀀁􀀨􀀎􀀩􀀞􀀗􀀘􀀣􀀤􀀔􀀠􀀋􀀃􀀣􀀂􀀆􀀩􀀑􀀗􀀄􀀕􀀖􀀢􀀊􀀅􀀩􀀔􀀕􀀨􀀎􀀓􀀗􀀄􀀅􀀧􀀠􀀋􀀃􀀧􀀡􀀪􀀫􀀎􀀬􀀭􀀚􀀊􀀮􀀛􀀁􀀞􀀞􀀝􀀧􀀚􀀛􀀞􀀡􀀁􀀘􀀝􀀑􀀎􀀈􀀁􀀨􀀎􀀇􀀞􀀖􀀧􀀅􀀚􀀕􀀎􀀞􀀁􀀊􀀘􀀝􀀞􀀗􀀟􀀄􀀏􀀍􀀊􀀯􀀰􀀛􀀚􀀡􀀝􀀞􀀗􀀘  \n􀀇􀀙􀀉􀀃􀀊􀀏􀀔􀀊􀀚􀀞􀀗􀀘􀀕􀀎􀀞􀀁􀀊􀀘 SOA 􀀝􀀞􀀗􀀟􀀄􀀏􀀍􀀊􀀰􀀛􀀅􀀚􀀇􀀆􀀉􀀊􀀚􀀙􀀥􀀱􀀲􀀎􀀝􀀈􀀠􀀋􀀃􀀧􀀡􀀳􀀴􀀄􀀚􀀋􀀟 􀀵􀀘􀀗􀀘􀀚􀀋􀀟􀀕􀀖􀀇􀀓􀀌􀀚􀀨􀀎􀀇􀀝􀀓􀀖􀀆􀀓􀀗􀀘􀀆􀀋􀀯􀀅􀀚􀀕􀀎􀀞􀀊􀀍􀀎􀀚􀀩􀀚􀀗􀀄􀀁􀀉􀀊􀀇􀀏􀀞􀀋􀀌􀀈􀀏􀀗􀀑􀀁􀀊􀀘􀀧􀀎􀀕􀀚􀀔􀀊􀀄􀀠􀀊􀀈􀀈􀀋􀀃 FSA 􀀝􀀚􀀰􀀠􀀌􀀠􀀋􀀃􀀁􀀊􀀘􀀣􀀍􀀎􀀚􀀰􀀆􀀔􀀇􀀞􀀖􀀑􀀠􀀋􀀃􀀁􀀮􀀆 􀀩􀀑􀀗􀀄􀀑􀀍􀀎􀀧􀀡􀀇􀀛􀀜􀀚􀀛􀀞􀀡􀀶􀀌􀀷􀀚􀀸􀀒􀀕􀀍􀀣􀀤􀀔􀀠􀀋􀀃􀀕􀀨􀀎􀀓􀀗􀀄􀀇􀀏􀀞􀀋􀀌􀀈􀀏􀀗􀀑􀀁􀀊􀀘􀀰􀀈􀀍􀀈􀀎􀀕􀀕􀀖􀀚􀀔􀀊􀀌 􀀚􀀊􀀕􀀧􀀎􀀕􀀚􀀋􀀟􀀕􀀖􀀌􀀗􀀄􀀈􀀋􀀇􀀚􀀉􀀟􀀊􀀩􀀎􀀑􀀂􀀷􀀎􀀕􀀎􀀞􀀆􀀋􀀯􀀠􀀋􀀃􀀁􀀞􀀞􀀩􀀎􀀈􀀎􀀘􀀊􀀕􀀇􀀓􀀍􀀎􀀁􀀤􀀍􀀕􀀗􀀚􀀇􀀛􀀜􀀚􀀛􀀞􀀡􀀧􀀨􀀎 􀀵􀀘􀀗􀀘􀀚􀀋􀀟􀀢􀀊􀀇􀀕􀀎􀀡􀀕􀀞􀀡􀀒􀀁 (􀀰􀀈􀀍􀀅􀀷􀀍􀀕􀀞􀀡􀀒􀀁􀀕􀀎􀀞􀀇􀀈􀀉􀀊􀀄􀀚􀀡􀀝􀀞􀀗􀀘) 􀀚􀀨􀀎􀀇􀀁􀀚􀀊􀀢􀀔􀀊􀀈􀀤􀀓 RBC 􀀢􀀊􀀄􀀛􀀞􀀡􀀇􀀠􀀦􀀁􀀂􀀄􀀝􀀶􀀛􀀞􀀸(􀀶􀀛􀀞􀀆􀀬􀀭􀀄􀀊􀀋􀀕􀀝􀀞􀀗􀀟􀀄􀀩􀀚􀀴􀀃􀀄 􀀰􀀈􀀍􀀇􀀕􀀋􀀃􀀌􀀑􀀕􀀗􀀘􀀕􀀎􀀞􀀇􀀈􀀉􀀊􀀄􀀚􀀡􀀝􀀞􀀗􀀘) 􀀚􀀍􀀎􀀧􀀡􀀇􀀛􀀜􀀚􀀛􀀞􀀡􀀶􀀌􀀷􀀚􀀸􀀅􀀚􀀕􀀎􀀞􀀙􀀗􀀻􀀚􀀎􀀒􀀓􀀡􀀘􀀗􀀄􀀝􀀗􀀘􀀅􀀷􀀔 RBC 􀀢􀀊􀀄􀀛􀀞􀀡􀀇􀀠􀀦􀀰􀀠􀀌􀀏􀀍􀀊􀀰􀀛  \n􀀁􀀮􀀆􀀠􀀔􀀎􀀌 􀀢􀀊􀀘􀀝􀀮􀀼􀀚􀀔􀀊􀀄􀀠􀀊􀀈􀀈􀀋􀀃􀀷􀀍􀀑􀀌􀀇􀀢􀀋􀀌􀀚􀀘􀀠􀀝􀀑􀀎􀀈􀀈􀀎􀀓􀀄􀀅􀀚􀀵􀀘􀀗􀀘􀀚􀀋􀀟􀀊􀀋􀀕 􀀒􀀓􀀡􀀢􀀊􀀢􀀊􀀘􀀝􀀮􀀼􀀠􀀮􀀕􀀠􀀍􀀎􀀚􀀠􀀋􀀃􀀅􀀩􀀔􀀝􀀑􀀎􀀈􀀷􀀍􀀑􀀌􀀇􀀩􀀓􀀉􀀊􀀅􀀚􀀕􀀎􀀞􀀧􀀗􀀆􀀠􀀨􀀎􀀒􀀓􀀡􀀇􀀣􀀌􀀒􀀙􀀞􀀍 Sawasdee Actuary 􀀈􀀎􀀶􀀆􀀌􀀏􀀓􀀊􀀆􀀧􀀚􀀈􀀎􀀳􀀴􀀄􀀵􀀘􀀗􀀘􀀠􀀋􀀃􀀁􀀎􀀈􀀚􀀋􀀟􀀰􀀆􀀔  \n􀀁􀀮􀀷􀀂􀀚 􀀙􀀄􀀱􀀸􀀙􀀴􀀃􀀄􀀙􀀂􀀠􀀗􀀕􀀱􀀸  \n[Sawasdee_Actuary@yahoo.com](Sawasdee_Actuary@yahoo.com)  \n\n| | 􀀂􀀃􀀄 􀀅􀀆􀀇􀀈􀀉 􀀊􀀋􀀌􀀍􀀊􀀎􀀏􀀋􀀊􀀈􀀐􀀑􀀒􀀌􀀍 |\n| --- | --- |\n| 􀀅􀀚􀀢􀀼􀀡􀀠􀀋􀀃􀀛􀀞􀀡􀀇􀀠􀀦􀀰􀀠􀀌􀀕􀀨􀀎􀀓􀀗􀀄􀀦􀀴􀀕􀀱􀀎􀀙􀀗􀀻􀀚􀀎􀀞􀀡􀀘􀀘 Risk Based Capital 􀀩􀀞􀀉􀀊 RBC 􀀛􀀞􀀡􀀇􀀠􀀦􀀁􀀂􀀄􀀝􀀶􀀛􀀞􀀸􀀰􀀆􀀔􀀇􀀞􀀂􀀃􀀈􀀚􀀨􀀎􀀞􀀡􀀘􀀘􀀆􀀗􀀄􀀕􀀓􀀍􀀎􀀑􀀈􀀎􀀅􀀷􀀔􀀒􀀓􀀔􀀑 􀀰􀀆􀀔􀀈􀀋􀀶􀀊􀀕􀀎􀀁􀀰􀀛􀀊􀀍􀀎􀀚􀀇􀀧􀀊􀀇􀀞􀀉􀀃􀀊􀀄 RBC 􀀢􀀊􀀄􀀛􀀞􀀡􀀇􀀠􀀦􀀇􀀝􀀔􀀎􀀅􀀚􀀑􀀎􀀞􀀁􀀎􀀞 International News 􀀢􀀊􀀄 SOA 􀀕􀀖􀀇􀀓􀀌􀀚􀀨􀀎􀀈􀀎􀀇􀀓􀀍􀀎􀀁􀀤􀀍􀀕􀀗􀀚􀀬􀀭􀀄\u003Cbr>􀀒􀀓􀀔􀀊􀀑􀀕􀀉􀀓􀀒􀀖􀀗􀀒􀀘􀀙􀀍 Risk-Based Capital 􀀚􀀛􀀋􀀅􀀈􀀋􀀜􀀂􀀝􀀔􀀍\u003Cbr>􀀒􀀏􀀍􀀇􀀆􀀂􀀈􀀞􀀡􀀘􀀘􀀆􀀤􀀒􀀓 Solvency 􀀢􀀊􀀄􀀽􀀮􀀞􀀕􀀂􀀧􀀛􀀞􀀡􀀕􀀗􀀚􀀢􀀊􀀄􀀁􀀂􀀄􀀝􀀶􀀛􀀞􀀸􀀧􀀡􀀙􀀴􀀃􀀄􀀙􀀎􀀑􀀂􀀽􀀋􀀕􀀎􀀞􀀆􀀨􀀎􀀞􀀄􀀇􀀄􀀂􀀚􀀕􀀊􀀄􀀠􀀮􀀚􀀾􀀴􀀃􀀄􀀕􀀨􀀎􀀩􀀚􀀆􀀧􀀎􀀕􀀇􀀛􀀊􀀞􀀸􀀇􀀾􀀖􀀚􀀏􀀸􀀢􀀊􀀄􀀇􀀄􀀂􀀚􀀁􀀨􀀎􀀞􀀊􀀄􀀒􀀓􀀡􀀝􀀑􀀎􀀈􀀇􀀁􀀋􀀃􀀌􀀄􀀲􀀗􀀌􀀁􀀮􀀠􀀽􀀂 􀀅􀀚􀀢􀀼􀀡􀀠􀀋􀀃􀀇􀀄􀀂􀀚􀀁􀀨􀀎􀀞􀀊􀀄􀀛􀀞􀀡􀀕􀀗􀀚􀀲􀀗􀀌􀀧􀀡􀀝􀀨􀀎􀀚􀀑􀀼􀀧􀀎􀀕􀀑􀀂􀀽􀀋 modified net level premium 􀀲􀀎􀀌􀀅􀀏􀀔 assumption 􀀠􀀋􀀃􀀕􀀨􀀎􀀩􀀚􀀆􀀶􀀆􀀌􀀕􀀿􀀇􀀕􀀼􀁀􀀸􀀾􀀴􀀃􀀄􀀘􀀊􀀕􀀰􀀈􀀍􀀰􀀆􀀔􀀑􀀍􀀎􀀈􀀋 margin 􀀒􀀊􀀘􀀒􀀪􀀄􀀊􀀌􀀤􀀍􀀈􀀎􀀕􀀚􀀔􀀊􀀌􀀒􀀝􀀍􀀰􀀩􀀚 (􀀝􀀓􀀔􀀎􀀌􀀕􀀗􀀘􀀞􀀡􀀘􀀘􀀢􀀊􀀄􀀛􀀞􀀡􀀇􀀠􀀦􀀰􀀠􀀌􀀛􀀭􀀧􀀧􀀮􀀘􀀗􀀚􀀚􀀋􀀟) 􀀆􀀔􀀎􀀚􀀁􀀂􀀚􀀠􀀞􀀗􀀙􀀌􀀸􀀧􀀡􀀳􀀤􀀕􀀛􀀞􀀡􀀇􀀈􀀂􀀚􀀠􀀋􀀃 book value 􀀩􀀞􀀉􀀊 amortized value 􀀰􀀈􀀍􀀈􀀋􀀕􀀎􀀞􀀇􀀷􀀉􀀃􀀊􀀈􀀶􀀌􀀄􀀕􀀗􀀚􀀞􀀡􀀩􀀑􀀍􀀎􀀄􀀕􀀎􀀞􀀛􀀞􀀡􀀇􀀈􀀂􀀚􀀈􀀤􀀓􀀝􀀍􀀎􀀁􀀂􀀚􀀠􀀞􀀗􀀙􀀌􀀸􀀒􀀓􀀡􀀩􀀚􀀋􀀟􀀁􀀂􀀚 􀀩􀀓􀀗􀀄􀀧􀀎􀀕􀀠􀀋􀀃􀀈􀀋􀀕􀀎􀀞􀀙􀀗􀀻􀀚􀀎􀀒􀀘􀀘􀀛􀀞􀀡􀀕􀀗􀀚􀀒􀀓􀀡􀀇􀀝􀀞􀀉􀀃􀀊􀀄􀀈􀀉􀀊􀀕􀀎􀀞􀀓􀀄􀀠􀀮􀀚􀀠􀀋􀀃􀀈􀀋􀀝􀀑􀀎􀀈􀀇􀀁􀀋􀀃􀀌􀀄􀀠􀀋􀀃􀀾􀀗􀀘􀀾􀀔􀀊􀀚􀀇􀀕􀀂􀀆􀀢􀀴􀀟􀀚􀀅􀀚􀀏􀀓􀀎􀀆 􀀞􀀡􀀘􀀘􀀕􀀎􀀞􀀕􀀨􀀎􀀕􀀗􀀘􀀆􀀤􀀒􀀓􀀒􀀘􀀘􀀇􀀆􀀂􀀈􀀆􀀤􀀓􀀔􀀎􀀩􀀓􀀗􀀄􀀇􀀕􀀂􀀚􀀕􀀑􀀍􀀎􀀧􀀡􀀏􀀊􀀘􀀶􀀧􀀠􀀌􀀸􀀇􀀩􀀓􀀍􀀎􀀚􀀋􀀟􀀰􀀞􀀡􀀘􀀘􀀇􀀄􀀂􀀚􀀁􀀨􀀎􀀞􀀊􀀄􀀰􀀈􀀍􀀘􀀍􀀄􀀘􀀊􀀕􀀝􀀑􀀎􀀈􀀇􀀙􀀋􀀌􀀄􀀙􀀊􀀒􀀓􀀡􀀞􀀗􀀘􀀛􀀞􀀡􀀕􀀗􀀚􀀑􀀍􀀎􀀁􀀎􀀈􀀎􀀞􀀳􀀘􀀞􀀞􀀓􀀮􀀲􀀎􀀞􀀡􀀣􀀤􀀕􀀙􀀗􀀚􀀏􀀍􀀊􀀓􀀤􀀕􀀝􀀔􀀎􀀅􀀚􀀊􀀚􀀎􀀝􀀏􀀰􀀆􀀔􀀆􀀋\u003Cbr>􀀆􀀗􀀄􀀚􀀗􀀟􀀚􀀲􀀎􀀌􀀅􀀏􀀔􀀢􀀔􀀊􀀧􀀨􀀎􀀕􀀗􀀆􀀢􀀔􀀎􀀄􀀏􀀔􀀚􀀁􀀂􀀄􀀝􀀶􀀛􀀞􀀸􀀕􀀖􀀇􀀓􀀌􀀙􀀗􀀻􀀚􀀎􀀞􀀡􀀘􀀘􀀕􀀎􀀞􀀕􀀨􀀎􀀕􀀗􀀘􀀆􀀤􀀒􀀓􀀝􀀑􀀎􀀈􀀇􀀁􀀋􀀃􀀌􀀄􀀅􀀩􀀈􀀍􀀲􀀎􀀌􀀅􀀏􀀔􀀕􀀞􀀊􀀘􀀕􀀿􀀇􀀕􀀼􀁀􀀸 Risk-Based Capital 􀀾􀀴􀀃􀀄􀀈􀀋􀀑􀀗􀀏􀀳􀀮􀀛􀀞􀀡􀀁􀀄􀀝􀀸􀀁􀀨􀀎􀀝􀀗􀁁􀀆􀀗􀀄􀀏􀀍􀀊􀀰􀀛􀀚􀀋􀀟\u003Cbr>􀀁 􀀧􀀡􀀏􀀔􀀊􀀄􀀁􀀚􀀗􀀘􀀁􀀚􀀮􀀚􀀁􀀍􀀄􀀇􀀁􀀂􀀈􀀞 􀀅􀀩􀀔􀀘 􀀂􀀞􀀱􀀗􀀠􀀛􀀞􀀡􀀕􀀗􀀚􀀈􀀮􀀍􀀄􀀇􀀚􀀔􀀚􀀕􀀎􀀞􀀘 􀀂􀀩􀀞 􀀎􀀞􀀝􀀑􀀎􀀈􀀇􀀃􀀌􀀄􀀊􀀌􀀍􀀎􀀄􀀧 􀀂􀀞􀀄􀀧􀀗􀀄\u003Cbr>􀀁 􀀧􀀡􀀏􀀔􀀊􀀄􀀇􀀛􀀜􀀚􀀆􀀗􀀷􀀚􀀋􀀠􀀋􀀃􀀘􀀍􀀄􀀘􀀊􀀕􀀝􀀑􀀎􀀈􀀈􀀗􀀃􀀚􀀝􀀄􀀠􀀎􀀄􀀕􀀎􀀞􀀇􀀄􀀂􀀚􀀰􀀆􀀔􀀇􀀛􀀜􀀚􀀊􀀌􀀍􀀎􀀄􀀆􀀋\u003Cbr>􀀁 􀀧􀀡􀀏􀀔􀀊􀀄􀀷􀀍􀀑􀀌􀀇􀀩􀀓􀀉􀀊􀀁􀀍􀀑􀀚􀀞􀀎􀀷􀀕􀀎􀀞􀀒􀀓􀀡􀀘􀀞􀀂􀀱􀀗􀀠􀀛􀀞􀀡􀀕􀀗􀀚􀀇􀀪􀁂􀀎􀀆􀀤􀀒􀀓􀀏􀀞􀀑􀀧􀀁􀀊􀀘􀀁􀀳􀀎􀀚􀀡􀀕􀀎􀀞􀀇􀀄􀀂􀀚􀀒􀀓􀀡􀀁􀀳􀀎􀀚􀀡􀀝􀀑􀀎􀀈􀀇􀀁􀀋􀀃􀀌􀀄(   􀀃􀀄􀀅􀀆􀀇􀀈􀀉􀀊􀀋􀀌􀀍􀀎) |  |\n\n(Risk Based Capital 􀀑􀀅􀀒􀀓􀀔􀀒􀀕􀀖􀀎􀀗􀀘– 􀀃􀀄􀀅)  \n􀀕􀀞􀀊􀀘􀀕􀀿􀀇􀀕􀀼􀁀􀀸􀀅􀀩􀀈􀀍􀀧􀀡􀀏􀀔􀀊􀀄􀀇􀀛􀀜􀀚􀀰􀀛􀀅􀀚􀀒􀀚􀀑􀀠􀀎􀀄􀀠􀀋􀀃􀀁􀀊􀀆􀀝􀀓􀀔􀀊􀀄􀀕􀀗􀀘􀀈􀀎􀀏􀀞􀁃􀀎􀀚􀀁􀀎􀀕􀀓􀀾􀀴􀀃􀀄􀀈􀀊􀀄􀀩􀀎􀀑􀀂􀀽􀀋􀀕􀀎􀀞􀀛􀀞􀀡􀀇􀀈􀀂􀀚􀀈􀀤􀀓􀀝􀀍􀀎􀀒􀀘􀀘 “fair value” 􀀞􀀑􀀈􀀠􀀗􀀟􀀄􀀢􀀔􀀊􀀕􀀨􀀎􀀩􀀚􀀆􀀕􀀎􀀞􀀆􀀨􀀎􀀞􀀄􀀇􀀄􀀂􀀚􀀕􀀊􀀄􀀠􀀮􀀚􀀠􀀋􀀃􀀁􀀡􀀠􀀔􀀊􀀚􀀝􀀑􀀎􀀈􀀇􀀁􀀋􀀃􀀌􀀄􀀠􀀋􀀃􀀒􀀠􀀔􀀧􀀞􀀂􀀄􀀠􀀋􀀃􀀘􀀞􀀂􀀱􀀗􀀠􀀞􀀗􀀘􀀰􀀑􀀔 􀀕􀀞􀀊􀀘􀀕􀀿􀀇􀀕􀀼􀁀􀀸􀀝􀀑􀀞􀀧􀀡􀀶􀀛􀀞􀀍􀀄􀀅􀀁 􀀇􀀞􀀋􀀌􀀘􀀄􀀍􀀎􀀌􀀏􀀍􀀊􀀕􀀎􀀞􀀚􀀨􀀎􀀰􀀛􀀅􀀷􀀔􀀒􀀏􀀍􀀇 􀀚􀀇􀀝􀀞􀀉􀀃􀀊􀀄􀀈􀀉􀀊􀀠􀀞􀀄􀀛􀀞􀀡􀀁􀀂􀀠􀀽􀀂􀀲􀀎􀀙􀀅􀀚􀀕􀀎􀀞􀀘􀀞􀀂􀀩􀀎􀀞􀀝􀀑􀀎􀀈􀀇􀀁􀀋􀀃􀀌􀀄  \n􀀒􀀓􀀔􀀝􀀔􀀞􀀗􀀟􀀈􀀉􀀟􀀠􀀡􀀜􀀢􀀓􀀅􀀈􀀉􀀐􀀔􀀑􀀊􀀄􀀍􀀣􀀡􀀞􀀤􀀉􀀥􀀦􀀅􀀈􀀉 (Valuation of Assets and Liabilities)  \n􀀠􀀎􀀄􀀆􀀔􀀎􀀚􀀁􀀂􀀚􀀠􀀞􀀗􀀙􀀌􀀸 􀀕􀀎􀀞􀀛􀀞􀀡􀀇􀀈􀀂􀀚􀀈􀀤􀀓􀀝􀀍􀀎􀀁􀀂􀀚􀀠􀀞􀀗􀀙􀀌􀀸􀀒􀀘􀀘 “lower of cost or market value”(􀀇􀀚􀀔􀀚􀀝􀀑􀀎􀀈 conservative) 􀀲􀀎􀀌􀀅􀀏􀀔􀀕􀀿􀀇􀀕􀀼􀁀􀀸􀀇􀀆􀀂􀀈􀀳􀀤􀀕􀀇􀀛􀀓􀀋􀀃􀀌􀀚􀀰􀀛􀀅􀀷􀀔􀀕􀀎􀀞􀀛􀀞􀀡􀀇􀀈􀀂􀀚􀀈􀀤􀀓􀀝􀀍􀀎􀀒􀀘􀀘 “marked to market” 􀀚􀀗􀀃􀀚􀀝􀀉􀀊􀀁􀀡􀀠􀀔􀀊􀀚􀀞􀀎􀀝􀀎􀀏􀀓􀀎􀀆􀀠􀀋􀀃􀀒􀀠􀀔􀀧􀀞􀀂􀀄􀀩􀀞􀀉􀀊􀀞􀀎􀀝􀀎􀀠􀀋􀀃􀀏􀀓􀀎􀀆􀀁􀀎􀀈􀀎􀀞􀀳􀀞􀀗􀀘􀀞􀀤􀀔􀀰􀀆􀀔  \n􀀅􀀚􀀢􀀼􀀡􀀠􀀋􀀃􀀆􀀔􀀎􀀚􀀕􀀎􀀞􀀏􀀗􀀟􀀄􀀇􀀄􀀂􀀚􀀁􀀨􀀎􀀞􀀊􀀄􀀲􀀎􀀌􀀅􀀏􀀔􀀕􀀞􀀊􀀘􀀇􀀆􀀂􀀈􀀠􀀋􀀃􀀇􀀝􀀌􀀅􀀷􀀔􀀑􀀂􀀽􀀋 Modified net premium 􀀏􀀎􀀈􀀊􀀗􀀏􀀞􀀎􀀆􀀊􀀕􀀇􀀘􀀋􀀟􀀌􀀒􀀓􀀡􀀊􀀗􀀏􀀞􀀎􀀈􀀞􀀼􀀡􀀠􀀋􀀃􀀕􀀨􀀎􀀩􀀚􀀆􀀶􀀆􀀌􀀕􀀿􀀇􀀕􀀼􀁀􀀸 (􀀾􀀴􀀃􀀄􀀈􀀮􀀍􀀄􀀇􀀚􀀔􀀚􀀝􀀑􀀎􀀈 conservative) 􀀁􀀡􀀠􀀔􀀊􀀚􀀛􀀭􀀧􀀧􀀗􀀌􀀝􀀍􀀎􀀅􀀷􀀔􀀧􀀍􀀎􀀌􀀘􀀎􀀄􀀁􀀍􀀑􀀚􀀏􀀎􀀈􀀁􀀤􀀏􀀞 modified premium 􀀒􀀏􀀍􀀰􀀈􀀍􀀝􀀂􀀆􀀞􀀑􀀈􀀊􀀗􀀏􀀞􀀎􀀕􀀎􀀞􀀢􀀎􀀆􀀊􀀎􀀌􀀮􀀕􀀞􀀈􀀽􀀞􀀞􀀈􀀸 􀀞􀀑􀀈􀀠􀀗􀀟􀀄􀀰􀀈􀀍􀀝􀀂􀀆􀀞􀀑􀀈􀀲􀀎􀀞􀀡􀀣􀀤􀀕􀀙􀀗􀀚􀀅􀀚􀀊􀀚􀀎􀀝􀀏􀀧􀀎􀀕􀀣􀀓􀀛􀀞􀀡􀀶􀀌􀀷􀀚􀀸􀀠􀀋􀀃􀀇􀀛􀀜􀀚 non-guaranteed (􀀇􀀷􀀍􀀚􀀶􀀘􀀚􀀗􀀁􀀩􀀞􀀉􀀊􀀇􀀄􀀂􀀚􀀛􀀭􀀚􀀣􀀓􀀢􀀊􀀄􀀣􀀤􀀔􀀳􀀉􀀊􀀕􀀞􀀈􀀽􀀞􀀞􀀈􀀸) 􀀲􀀎􀀌􀀅􀀏􀀔􀀕􀀞􀀊􀀘􀀕􀀿􀀇􀀕􀀼􀁀􀀸􀀅􀀩􀀈􀀍􀀕􀀎􀀞􀀛􀀞􀀡􀀇􀀈􀀂􀀚􀀈􀀤􀀓􀀝􀀍􀀎􀀇􀀄􀀂􀀚􀀁􀀨􀀎􀀞􀀊􀀄􀀧􀀡􀀅􀀷􀀔􀀑􀀂􀀽􀀋 gross premium valuation 􀀾􀀴􀀃􀀄􀀝􀀨􀀎􀀚􀀑􀀼􀀧􀀎􀀕􀀕􀀞􀀡􀀒􀀁􀀇􀀄􀀂􀀚􀀁􀀆􀀏􀀎􀀈􀀕􀀞􀀈􀀽􀀞􀀞􀀈􀀸􀀠􀀗􀀟􀀄􀀩􀀈􀀆􀀞􀀑􀀈􀀳􀀴􀀄􀀣􀀓􀀛􀀞􀀡􀀶􀀌􀀷􀀚􀀸􀀠􀀋􀀃􀀇􀀛􀀜􀀚 non-guaranteed 􀀒􀀓􀀡􀀅􀀷􀀔 assumption 􀀠􀀮􀀕􀀊􀀌􀀍􀀎􀀄􀀠􀀋􀀃􀀈􀀋􀀣􀀓􀀏􀀍􀀊􀀈􀀤􀀓􀀝􀀍􀀎􀀇􀀄􀀂􀀚􀀁􀀨􀀎􀀞􀀊􀀄 􀀰􀀆􀀔􀀒􀀕􀀍 􀀊􀀗􀀏􀀞􀀎􀀆􀀊􀀕􀀇􀀘􀀋􀀟􀀌 􀀊􀀗􀀏􀀞􀀎􀀝􀀊􀀈􀀈􀀂􀀷􀀷􀀗􀀃􀀚 􀀊􀀗􀀏􀀞􀀎􀀝􀀍􀀎􀀅􀀷􀀔􀀧􀀍􀀎􀀌 􀀊􀀗􀀏􀀞􀀎􀀈􀀞􀀼􀀡/􀀊􀀗􀀏􀀞􀀎􀀕􀀎􀀞􀀇􀀧􀀖􀀘􀀛􀀫􀀑􀀌 􀀒􀀓􀀡􀀊􀀗􀀏􀀞􀀎􀀕􀀎􀀞􀀢􀀎􀀆􀀊􀀎􀀌􀀮􀀕􀀞􀀈􀀽􀀞􀀞􀀈􀀸 􀀾􀀴􀀃􀀄 assumption 􀀧􀀡􀀳􀀤􀀕􀀕􀀨􀀎􀀩􀀚􀀆􀀲􀀎􀀌􀀅􀀏􀀔 best estimate basis 􀀒􀀓􀀡􀀘􀀑􀀕􀀇􀀙􀀂􀀃􀀈􀀆􀀔􀀑􀀌 Provision for Adverse Deviation (PAD) 􀀾􀀴􀀃􀀄􀀇􀀛􀀜􀀚 margin 􀀁􀀨􀀎􀀩􀀞􀀗􀀘􀀝􀀑􀀎􀀈􀀰􀀈􀀍􀀒􀀚􀀍􀀚􀀊􀀚􀀒􀀓􀀡􀀝􀀑􀀎􀀈􀀒􀀛􀀞􀀛􀀞􀀑􀀚􀀢􀀊􀀄 best estimate","cbCaikzDKbfQUj17","https://ap.wps.com/l/cbCaikzDKbfQUj17","pdf",323283,"English","# Risk-Based Capital (RBC)\n## Solvency and margin requirements\n## Asset and liability valuation concepts\n## Modified net premium, assumptions, and PAD\n## Risk charges and market risk components","[{\"question\":\"What is the main theme of this issue of Sawasdee Actuary?\",\"answer\":\"It concentrates on SOA exam-related material centered on Risk-Based Capital (RBC), solvency, and related valuation and risk charge concepts.\"},{\"question\":\"Which valuation approaches for assets and liabilities are mentioned?\",\"answer\":\"The material references fair value, lower of cost or market value, and marked-to-market-style concepts used in valuation discussions.\"},{\"question\":\"How are PAD and risk margin connected to the RBC/solvency framework?\",\"answer\":\"The document introduces provision for adverse deviation (PAD) and risk margin as part of conservative assumption structure that supports margin requirements under solvency and capital calculations.\"}]","Sawasdee Actuary - 3 - SOA exam risk-based capital | PDF",1790491890,18]