Investment objectives and appetites are articulated with a rationale tied to business or solvency strategy. Baseline: high-level objectives consistent with the business plan; a documented link between objective and strategy; risk appetite statements monitored and reported to senior management and the board. Higher levels add justification against solvency strategy, quantitative risk targets, embedded risk analysis in allocation, criteria for alternative assets, second and third line review and internal audit opinion.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.