Catastrophe risk is represented materially completely in the syndicate view of risk. Baseline: the internal model's representation is materially complete, materiality is defined, methodology and assumptions meet Solvency II; for natural perils the view reflects current and near-future climate conditions for the period of risk; for non-natural perils it includes risk from prior years and emerging risks are assessed for inclusion. Higher levels add supplemental modelling or adjustment for key perils using exposure data, capital implications in decisions, and a forward-looking completeness process.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.