Staff-TS

Comments

• Additionally, as a financial resource in OSFI.Eqk, EPR is mentioned as one of the possible resources for supporting the PML. Did they mean ER instead of EPR? Why would only the voluntary Earthquake Premium Reserve be a FinRes, and not the ERC as wel…

  in Earthquake Premium Reserve Comment by Staff-TS September 2022
• Thanks! I also found this helpful: "The reduction in required capital depends on whether the risks are ceded to another FRI (a registered reinsurer) or an unregistered reinsurer. In the former case, the ceding FRI no longer holds capital for the …

  in Insurance Risk: Registered vs Unregistered Reinsurance Comment by Staff-TS September 2022
• Awesome, thank you

  in Pop Quiz Comment by Staff-TS September 2022
• Hey @graham, I also find it useful to utilize AI for acronyms. For example, I rearranged this as BATCRB ("bat crib"), then I use https://creator.nightcafe.studio/ or DALL-E to use AI to generate a visualization of this, and include it in my notes.

  in (Memory Trick) 6 Federal areas of exclusive authority Comment by Staff-TS August 2022
• What does DAC mean? I've seen it used in the IFRS overview paper (no longer on syllabus), but so far I have not seen it defined anywhere. Your answer for 2 got cut off, not sure if you're aware. By release, I'm just using the terminology that was…

  in IFRS 17 LC & CSM: Financial Statements Comment by Staff-TS July 2022
• Perfect, thank you so much! Really appreciate the help

  in How to understand LRC = FCF + CSM Comment by Staff-TS July 2022
• "You can have a negative or positive LRC and it will still be a liability" I remember reading in the wiki somewhere that you can never have a negative LRC, since that implies that there is a profit, which is then recognized in the CSM, since CSM …

  in How to understand LRC = FCF + CSM Comment by Staff-TS July 2022