The syndicate defines and maintains an appropriate catastrophe view of risk. Baseline, natural: simple actuarial methods or an external model with high-level internal validation or adjustment; group-derived views understood and challenged for the syndicate; material expert judgement documented and governed to Solvency II standards including falsification criteria. Baseline, non-natural: a view based on simple aggregations, scenario results or loss history, with expert judgement documented, reviewed and challenged. Higher levels add analysis of own risk profile and losses, a validated model-driven view, governed expert judgement and continual development.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.