NycxBattle
About
- Username
- NycxBattle
- Joined
- Visits
- 381
- Last Active
- Roles
- Member
Comments
-
Would the former also include diversification from Geographic location? I am trying to see if this diversification is already captured in the diversification credit within insurance risk.
-
@Staff-T1 when you said as defined by sant93. I think you meant as defined by user1. Because Sant93's definition had the dividend which you explained should not be part of the calculation.
-
@Staff-T1 Is there any relationship between Net Liabilities and Net Loss Reserve (also referred to Unpaid Net CAE)?
-
Let me help you out @Zoommie Basically we need to first calculate the Net Unpaid CAE at Dec 2016 This is 132,000 - 7000 Net Unpaid CAE =125,000 Now we need to move to Net unpaid CAE to Dec 2017 So we need to add all claims we got but we also…
-
I see so basically 3 is basically just on for RSP excluding ON (cat claim funds for ON accident benefits from insolvent insurer) Right?
-
@Staff-T1 , did you update the excel files yet? I tried downloading it and it seems like it still the old file. Also can I get shoutout if you update excel. Also I apologize ahead of time because this is a long post I think its important to clari…
-
I don't have close to no knowledge of IFRS4 What is the difference between MfADs and PfADS When I tried to google this, I only found the following: MfADs = margins for adverse deviations PfADs = Provisions for Adverse Deviation But what i…
-
I thought territories are included because I saw this on their website
-
What does PI stand for?
-
Okay sounds good, than its weird to use the word "all". They should've just said list four instead of list all 4. When you say list all 4, I would interpret that as there is only 4 and you need to list those 4
-
@graham I want to clarify point 3 in the wiki. On the wiki: it says: RSPs: (3) RSP in Ontario (except cat claim funds for ON accident benefits from insolvent insurer) But shouldn't this be RSP in all provinces other than AB, NB, NS, ON Ca…
-
Does the new limit still applies if the dates are prior to 2021? For example the date of incident is in 2019, claim is still being paid out but the insurer becomes insolvent in 2024. Since the date of incident is before 2021 but insolvency happe…
-
What is the exception regarding fidelity? Can you please elaborate? At first I was thinking when your S.O. cheats on you. But I realize how absurd that would be lol
-
So the recovery in 15 years is that including the 6 years? For example currently its 2024, are simulation ran for 6 years to 2030. So let's say at 2030 the 95th percentile is a deficit of -5000. Is the average recovery (15 years) at 2039 (15 year…
-
Also how come the participation for high risk is lower %? Wouldn't they want to participate more if they are high risk since they have more to lose? Especially if the premium is capped at 500?
-
In the battle card it says: BC only: reject absolute liability Does that mean if this case happened, insurer would've won? Since in BC they reject absolute liability, and the cap would have applied?
-
Thanks Is NB and NFL prior approval or file and use or use and file?
-
I am still confused. Could you provide an example for each one: * D (Deterrence to insurer * L (punitive award should not been seen by the insurer as a "License" (no financial gain for insurer))
-
Just a reminder for anyone else reading this thread. There is one more case Lee v Dawson. This is the longest reading in the source file. It talks about how the Trilogy is conflict with the Charter. But ultimately the Trilogy was upheld.
-
So just to confirm. In the end although the ruling as in favor of Somersall to claim the remaining damages from S&Y. S&Y was allowed to claim recoverable from Friedman right? Whether or not Friedman has money and willing to pay is a separ…
-
I am look at the BVH - DPL in the Land.CASE. I thought D (Deterrence to insurer) is the deterrence? Based on your explanation above both D and L seems to be deterrence? So what is the difference between D (Deterrence to insurer) and L (puni…
-
Just for confirm you meant "Yes for SK and MB" right? Also since NB and NFL are private, are they prior approval or file and use or use and file?
-
I kind of panicked when I didnt recognize it, it might be a good idea to remove it so when other people use it, so they won't panic either. Especially if its removed from the syllabus
-
Just to confirm is Saskatchewan and Manitoba government mandated as well? How about New Brunswick and Newfoundland? Which approach do they use?
-
For this question: which provinces/territories use 1 approach for all required vehicles. Is BC also a valid answer with Government Mandated. Does ICBC mandate all vehicles or do they only mandate residential use?
-
Is the only difference between adjusting event and non-adjusting event the timing? Adjusting Event: condition needs to exists at calculation date. Non Adjusting Even: condition is after calculation date. For non-adjusting events, are we sim…
-
On the battle card it says: Just to clarify do you need 1 year of valuation experience or 1 year of reserving experience. Although its similar its not exactly the same thing. Reserving is more meant for paying off future claims and valuation…
-
Shouldn't this be updated to FCT instead of DCAT?
-
Is there a difference between runoff and LIC?
-
So its referencing their tolerance level. Its like saying who has a lower tolerance level, so company B has a lower tolerance level.