NycxBattle
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I understand the logic behind this, but I feel like I am not interpreting it correctly. In the wiki it states: Pop Quiz: Which company would likely have a lower materiality level regarding its net income? Company A: incorporated in 1970 Company…
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For the 10/10 rule, I want to confirm if the 10% loss is based on the premium that the reinsurer receives. Also de we have to multiply the 100 by 25% right? Is the 10% loss already given that the loss event already occurred? are we looking at…
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I mean for porfolio/group A-1. How do we know there is no LC? Or did we already split the contacts into two groups: A-1 is non - onerous A-2 is onerous? Thanks for the clarification on why we should always use PAA since its less costly. If w…
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When we calculated the Effective duration in App C Sh3 - ARC Did we have to use effective duration? Does the ARC calculation have to use effective duration? or could we have used modified duration? Also what does LRECC stand for? Thanks in …
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For this example: If we are not given the LRC (GMA), how do we know if there is going to LC. Because by definition the LC is LRC (GMA) - LRC (PAA)? If we don't know LRC (GMA), than we don't know if there is a LC. Should we just assume tha…
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For this section, I want to clarify if my understanding is correct. exit costs → high exit costs like surrender penalties decrease liquidity (and therefore increase the liquidity premium) inherent value → low inherent value increases liquidity…
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Thanks for the clarification
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Got it.
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Got it thanks!
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Thanks
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Sorry for this dumb question. Please disregard this questions. After reading IFRS - LRC. I get it now.
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Would the formula still be correct if its not at Time 0? Wouldn't this contradict not at time 0? Shouldn't the battle card just be updated so that it's just LRC = (unearned premium) – (insurance acquisition cash flows)
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Is current practice in this battle card referring to pre IFRS 17?
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I get it now thanks!
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I know it states: When it says income from segregated funds and income from movement in investment contract liabilities we can conclude that investment return equals Net investment Return. But I am still a bit confused on that.
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I am still a bit confused, can you give me a simplified numeric example?
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So should I try to deliberately use categories that's clearly different? Like if I used Reserve category and Premium category, they are both U/W. Do I need to deliberately avoid using similar categories?
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Even after reading this discussion, I am having trouble understanding what EPD at 1% means. Can someone explain this in laymen term? Right now I have 2 conflicting interpretations: 1) EPD = $P / $V $P is the pure premium for a reinsurance po…
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I am still having trouble interpreting this question Given the following information, explain which company is more likely to have A.M. Best allow its stress-tested BCAR score to fall below the BCAR guidelines. I understand why company B is b…
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I couldn't find much detail in this rating process in the source document. We are some consideration or key points in the "Comprehensive Adjustment" "Rating Lift/Drag" These two process seems very generic.
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Sorry I missed the footnote.
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Okay that make sense with the Reinsurance Payable since that is not the same thing as Reinsurance Premiums Payable I am still confused regarding 4.3.3.2. and 4.3.3.3. Can you confirm the following: For these two section, these are two separat…
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I want to Confirm what "ChristoRoyer" stated above. Does "Net Investment Income" of $2500 includes "Realized Gains (Loss)) of $500? Also for part b) i) Our formula for ROR is ( U/W.Inc - CapGains + InvInc + IncFrmSubs ) / GWP How do we …
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Thanks for the clarification
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It works now thanks. Just a follow up questions in the excel the deduction is ( A + B + C) - ( D + E + F + G + H ) and in the wiki it is also:(A + B + C) – (D + E + F + G + H) But in this discussion it is: ( E + F + G + H ) - (A + B +…
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Can you please double check the link it used a different computer to download and its still v8. I also cleared my cache and cookies and still v8 on both computers. This is right before section 4.4
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I see that make sense. Thanks for the clarification
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Just to confirm the example in excel "OSFI.MCT_(044)_capital_required_unreg_re_v8" is incorrect with the formula right?
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Take make sense. Thanks for answering me on the long weekend. Happy long weekend
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Also a follow up question, if the calculation only indicated GMM, do we still need to add A*? Or would it just be A3 + A4 + A5 + A6 - A7 (still pending where the A7 came from).