Credit
Amounts actually collected or collectible are less than those contractually due.

Market
Movement in market rates or prices, such as interest rates, foreign exchanges rates or equity prices adversely affect the reported and/or market value of investments.

Pricing/Underwriting
Pricing and underwriting practices are inadequate to provide for risks assumed.

Reserving
Actual losses or other contractual payments reflected in reported reserves or other liabilities will be greater than estimated.

Liquidity
Inability to meet contractual obligations as they become due because of an inability to liquidate assets or obtain adequate funding without incurring unacceptable losses.

Operational
Operational problems such as inadequate information systems, breaches in internal controls, fraud or unforeseen catastrophes will result in unexpected losses.

Legal
Non-conformance with laws, rules, regulations, prescribed practices or ethical standards in any jurisdiction in which the entity operates will result in a disruption in business and financial loss.

Strategic
Inability to implement appropriate business plans, to make decisions, to allocate resources or to adapt to changes in the business environment will adversely affect competitive position and financial condition.

Reputational
Negative publicity, whether true or not, causes a decline in the customer base, costly litigation and/or revenue reductions.