Considerations for the Development of a Pandemic Scenario

This research paper was commissioned by the Committee on Risk Management and Capital Requirements to provide information to members about:
existing pandemic research and models, and
factors and parameters to consider in the development of pandemic scenarios used for the purpose of Dynamic Capital Adequacy Testing (DCAT).
The purpose of this paper is to assist members in the development of pandemic scenarios and not to recommend any specific DCAT scenarios to be tested.