bkmlocks
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Hi Graham, In your explanation above, you have Net UEP = NWP - NEP However, in the examiner's report for part (b) of F17Q17, it says that NUEP = NWP - NEP is not a correct formula. If we use this formula in this question, we have: NWP =…
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In question 3 above, what is Capital requirement referring to? Are we talking about Required Margin * Undiscounted Future Payments ? (highlighted Yellow below) If that's the case, then we would be using the Undiscounted **Unpaid Claim and **not the…
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Hello @graham, regarding your discussion above about whether Income from Subsidiaries should be part of the Net Income or not, I must admit I also got confused. I went back to the Sample Quarterly Return and they seem to have it separate from Oth…
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Just adding my grain of salt The collateral source rule is not always applicable and its usually reserved for two specific scenarios: If money received comes from: 1) Donations/Gifts/Charity etc 2) Private insurance (mostly disability) The…
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Thank you for the detailed comparison @graham! So if I understand correctly are you saying that: * In this question,** Net Claims Liabilities** actually refers to the Unpaid Claims and Adjustment Expenses on the balance sheet and NOT the Ne…
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HI @graham, Maybe I am just a bit tired and not thinking correctly but I have some doubts about how the Net Incurred Loss in this question is being calculated. To calculate the Net Incurred Loss in 2016 (what will go on the Income statement), …
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HI @graham, I think what you have above is very useful, thank you for that! I would like to clarify my understanding about the 3 requirements above: * direction of [proposed change] must be the same as direction of [indicated change] (both …
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Hi @graham , regarding @user10_Exam6C 's question above, I agree that -15% should be considered outside the range of (-15%, 5%) and hence not eligible for simplified guidelines. I am not sure if this was addressed before, but was the answer in the e…
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Thank you Graham, this definitely helps! Was thrown off by the wording when it actually just means development, time to rest
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Thank you Graham! I agree that the BattleCodes and BattleTables are similar but I particularly find the BattleCodes quite useful for reviewing and for prioritizing what I will remember first. There is often a lot of facts in the BattleCards to …
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In the Battlecodes for the Baer Wiki, one of the bullet is -6 areas of federal legislation regarding financial soundness of insurance companies: CIRCA-F". I think this should say Canadian legislation (federal and provincial)? Since Federal leg…
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Thank you for the clarification @graham
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Thank you for clarifying @graham! Definitely ignoring point 2 as it seems to even have words missing like you pointed out
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Hello @graham, As per your discussion with @jptardif2 above, it does seem that by signing the limit agreement, the insurer lost its subrogation rights. However in Spring 2017 Q4(c), sample answer seems to indicate that subrogation rights were …
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I agree with your statements Graham! I think it makes much more sense to have all 3 dates to avoid confusion! * To be 100 % clear on this, do you mean that for 2016.Fall Q14(b), the examiner meant "Using information available as of end of 2015"…
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Thank you for all the details, I agree with your explanation and I think it makes sense! With all this discussion, does it mean that for Fall 2016 Q14 (b). (also discussed thoroughly in the WIKI), we are actually calculating the margin for CY 201…
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Thank you for the clear explanation!
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Thank you very much for the detailed answer Graham! I am still not clear about this one though but maybe I am not understanding something properly. It does seem to me that we are calculating margin for CY 2016 & not 2015. Since in the e…
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Thank you very much @graham !
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HI @graham , to add on the discussion with @DulcineaDelCA above, the examiner's report also suggests that Company A should add more risks to the RSP since it is below the max limit. My question is "How do we know Company A is below the max limit?…
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In Schedule 60.30 in the question, from the Examiner's report, why are we calculating the Excess (Deficiency) for CY 2016 ? 1) Does Prior Year End in the last table not mean that we need Excess (Deficiency) in CY 2015 ? 2) In this questi…
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Thank you for confirming ! As a side note, looks like the 2019 draft Sample Annual Return (10.60) explicitly crossed Investment Income for Operations: * https://www.casact.org/admissions/syllabus/index.cfm?fa=6cCCIR But like you said, it mi…
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Hello Graham, for your response above relating to 1517 + 1200 = 2717 being the same as 4477 -1760 ; does this hold ONLY because we do not have any Unpaid Claims from AY 2015 or before ? (4477 -1760) represents Net APV (Loss & LAE) for AY's 20…
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Hello just a quick clarification for this question. When calculating the APV for the claim liabilities, the examiner's report is showing Paid in 2016 = 3500 + 20000 *..... If I understand in correctly, the AY 2014 unpaid is 3500. So only a fracti…
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Hello @graham , as a follow up to your first response to @yunal911111 above, are you saying that the Maximum DPAE can only take one of the two following values: 1) Premium deficiency (Where Equity in UPR < 0 & Premium Deficiency = -Equity…
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Thanks a lot Graham
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In Fall 2014 Q25(bi) from the battlequiz 1, the purpose includes ".. provided such costs are recoverable". I am wondering why this part is relevant ?
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Thank you for the detailed clarification Graham !
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To add on the post above from @yunal911111 , if we are asked to calculate the capital required for unregistered reinsurance, do we also need to look at the excess collateral component discussed on pg 35 ? For instance, in this question : https://…