CMHC requires actuarial consulting services for its mortgage default insurance products. Services are needed several times a year, mainly in the areas of financial stress testing, capital management, pricing and validation of risk analysis for its mortgage insurance activities.CMHC also requires financial risk modelling consulting services for its mortgage insurance and securitization activities. Services are needed several times a year, mainly in the areas of financial stress testing, economic capital determination for various usages (e.g., pricing, performance, risk limit setting and linkage to risk appetite), data management and capital management.
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