exam6addoil
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paid directly to the insolvent cedant?
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i feel that Q16 is very difficult to answer, are we expecting this lvl of difficult question during exam?
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are my answers correct? considerations when using a model outside expertise: * make a reasonable attempt at understanding the model's... * specifications * validation (extent to which experts were involved) * risk-rating * complexity * …
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did BA stop answering question during exam period?
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what are the answers for these 2 questions?
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does it mean that there is no duty to indemnify but yes duty to defend for excess insurer?
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@graham could you confirm?
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why removing extended health care services meet all conditions? can you explain all points?
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so are we using the first bullet point and last bullet point to answer c.ii?
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if the divisional court ruling is the original court decision, should it be no CAT instead?
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i believe 4c is also outdated, could you please confirm?
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any updates?
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can you show me where is the highlight in the wiki?
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for Q4, would it be $10,607 instead of $36,507? recoverable UEP = 0.7min($2,500,9/123,100) = $1,628 recoverable loss = min(530,000, 479,208-1,000) = $479,836 recovery should be 1,628 + 479,836 = $479,836 the insured was advanced for their re…
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is it v03?
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okk, i am more confused now “Biased but Fair: A model charges different rates to groups defined by age This is "biased" as it systematically differentiates But if age correlates with accident risk, it may be actuarially justified Society ge…
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If a model appropriately differentiates between groups and the differentiation is justified， would it be both unbiased and fair?
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A model appropriately differentiates based on risk =>biased?
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does it mean that we can skip these 2 questions? Q: How would you apply the three ethical frameworks to a situation where territorial rates disadvantage a protected group? Q: What sources of bias should actuaries check for when developing a new pr…
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what does BoY capital mean?
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am I right to say that FCF = -392.5 at initial recognition but FCF = 1857.5 immediately after the first premium and associated expenses are paid?
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is this incorrect then?
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for GMA LRC is 0 or 2250 but for PAA is 2250 (assuming the question does not ask to calculate CSM), am I right?
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and i don't understand why we are adding 70??? why adding Directly attributable maintenance expenses incurred in 2023
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I am not following what you calculate for GMA LRC, are you trying to calculate LRC = FCF + CSM?
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how can you tell it is as of year 2? i am more confused now
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Can I use PAA to calculate LRC? which is 2500-250 = 2250?
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why UEP and DAC are 0 at initial recognition?
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i am looking at the CAS sample question and the duration excel file, why are we not using (65%-40%)/(1-40%) like the way calculate in the duration excel file? i am very confused when to subtract only and when to divide for LIC?
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is this method for LRC under PAA?