1. a) The main difference between Value at Risk and Stress Testing is:

- Value at Risk takes a non-statistical approach, as opposed to Stress Testing.

- Stress Testing takes a non-statistical approach with its scenarios analysis.

- Value at Risk is not a quantitative approach.

- There is not difference b ) Which of the following are new advancements and changes in finance? Select more than 1.

Information Technology; Insurance; Banking; Behavioural finance c ) Why was the National Association of Insurance Commissioners created?

- To suggest laws that would prevent insurance corporations from becoming too big to fail

- To suggest laws that would decentralize the insurance industry

- To suggest laws that would decrease the complexity of insurance regulation

- To suggest laws that would strengthen the insurance industry

3 points