StudyFor5

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StudyFor5
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  • That's helpful, thanks!
    in Net Insurance Charge for Retrospective- Spring 2014 Q11 Comment by StudyFor5 May 2022
  • Thanks Graham, very helpful! I misspoke in saying that the first step is to re-base territory relativities. I wasn't distinguishing current relativities from indicated relativities. What I should have said is the first step for some of these imple…
    in FALL 2015, Q9 Comment by StudyFor5 April 2022
  • Graham - I initially calculated the current premium in this problem by re-basing the territory relativities to Territory B which gives you a 0.545 and 1.000 factor. My current premium will not match what's in the examiner report but I can still sol…
    in FALL 2015, Q9 Comment by StudyFor5 April 2022
  • Thanks! That comment on the Average Loss Level being 1.0 is exactly what I was missing. It makes so much more sense now.
    in Spring 2013 Q7 vs Spring 2016 Q1 Comment by StudyFor5 April 2022
  • I'll try not to get too bogged down on this topic. But just so you know, I do understand using the parallelogram method in the 2016 problem and in general how to apply it to premium and losses. I don't fully grasp why it's not needed in the 2013 p…
    in Spring 2013 Q7 vs Spring 2016 Q1 Comment by StudyFor5 April 2022
  • Hi Graham - If "pre-benefit" is just another way of saying unadjusted historical losses then it's not clear to me why we wouldn't on-level the losses via parallelogram just as we would when we are provided unadjusted historical premiums an…
    in Spring 2013 Q7 vs Spring 2016 Q1 Comment by StudyFor5 April 2022
  • Thanks! Feel much better about expense ratios and methods.
    in 2019.Fall Q7 (post from BR) Comment by StudyFor5 April 2022
  • Hi Graham - This gets back to an earlier gripe I had with this question around the Fixed Expense Ratio. In the Wiki article you lay out step 3 to this problem in the following way: Step 3: calculate F for each CY separately (recall F = EF / Pc wher…
    in 2019.Fall Q7 (post from BR) Comment by StudyFor5 April 2022
  • I've attached my solution per your suggestion. So we can use the aggregate formula for CY unearned calculations independent of whether policies within a group have identical effective dates or not? https://www.battleactsmain.ca/battleacts5.ca/forum5…
    in FALL 2019, Q1 Comment by StudyFor5 March 2022
  • Thanks Graham, that was super helpful! I feel much better. I think I got so accustomed going to the ratio approach for ALAE reserve questions that I didn't even consider the possibility of just using the Paid ALAE triangle. So I fell into the exa…
    in Spring 2016 Q22 - Part a & c Comment by StudyFor5 March 2022
  • Hi Graham - I have a theory question on part c which asks for the unearned exposure. In your wiki articles from Werner Chapter 4 (Exposures), you say that the reason we have to calculate the CY unearned exposure for groups (of policies) differently…
    in FALL 2019, Q1 Comment by StudyFor5 March 2022
  • Thanks Graham! I didn't even notice the 10.4 since the 1.397 was correct. Good find.
    in Practice: 4 problems on the basic BF method Comment by StudyFor5 March 2022
  • Hi Graham - Spring 2015, Question #19a We need to back into the Expected Claims by using the numbers provided for the Paid B-F. I derived the Expected Claims by using the oldest AY (which was 2012) and so did the Examiner's Report. But if you use …
    in Practice: 4 problems on the basic BF method Comment by StudyFor5 March 2022