oxalis
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Comments
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It's still not clear to me regarding the previous Q2: 2. In general, why does the ARC reduce the profit when coverage is provided? can you please clarify again? Thank you
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the LIC in this context would include both financial and non-financial RA right?
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what's the difference between (24) and (26) they're both labelled as reinsurance
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Hi, can you please check OSFI.MCT_(044)_capital_required_unrez_re_v12.xlsx, in both problems, we're asked to calculate capital available, but I think you mean capital required right? also in problem 2, step 3a, again you're calculating cap availab…
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@graham Thank you for letting me know, happy holidays!
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@Staff-T1 , what would RA do to AIC please? increase as well I suppose with the same reasoning as ARC? and what the liability here mean is it also LRC+ LIC I thought for reinsurance contracts held we only about AIC and ARC, LRC + LIC are only for re…
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@Staff-T1 , are you saying that there are 6 ways to calculate RA for reinsurance?
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@AnLaPe thank you!!
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what is this reform Prejudgment Interest? I never saw it mentioned anywhere in the wiki! isn't the 4th reform vicarious liability?
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Can you please confirm if the 500k limit for home claims and 400k for auto is the per claim limit? or it's per policy?
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do we perform ORSA annually just like FCT?
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are the remedies redundant then in the battle cards?
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Can you please also explain c) why we prefer strategy B? Less volatility in assets - is it because of low yield? Less duration mismatch- based on calculation from a)? Less volatility in liabilities- is it because of low yield? Less credit risk…
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Hi, Can you please help me understand the sample answer for this question please, we're talking about earthquake exposure related to the calculation of the BCAR score. BCAR score is calculated as (AC-NCR)/AC at diff level of VaR, the surplus is t…
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thank you very much to both!! @AnLaPe @Staff-T1
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Hi @Staff-T1 , I am still confused by the answer provided in this battle card regarding issues in Morrow v Zhang case: If the Alberta 4k cap is only for the minor injury (not for the non-pecuniary damage), why would it be discriminatory towar…
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Hi, I couldn't think of any wiki text I've read relates to c), can you please explain what is this about, which text is this referring to? Also, apart from knowing apv(gross) for AR p20.20, and apv(ceded) for AR p20.10, can you list out other …
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Hi, for the 2 exam questions referred above, I would answer around these points (from BCAR-cat) since it's asking about the strong cat risk management, do you think it's also valid? * Catastrophe modeling: parameter selection is critical &am…
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Hi, I'm still so confused about the reinsurance payout, for this example: * excess of loss treaty $2M excess of $1M * aggregate limit $2M * aggregate deductible $1M * reinsurance premium $1M when we calculate the reinsurance payo…
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Thank you very much!!
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Can we specify in the question that it's specific to LIC, it's unclear from reading the question:
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Hi @Staff-T1, in your example, the victim can take home the entire gross income of 10k? I thought the income replacement is only a % of the gross income? I actually see in F2016Q2d), the exam report also seems to indicate that the plaintiff can be c…
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why is participation ratio listed as one of the differences between FARM and RSP, can you please explain how is it calculated for FARM please? (I'm referring to battle card 17)
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can you please clarify what's the situation for **caps **(either for minor injury or for non-pecuniary loss) in both ON and AB provinces? AB: 4000 cap for non-pecuniary loss related to minor injury ON: try to introduce a cap of 3500 for minor in…
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ok thank you, so the battle card is specifically asking for the aggregation level for LIC FCF then
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Can you please explain what's the commutation initiated by the insurer? the commutation initiated by the reinsurer is to cancel all the reinsurance policies, and return the polices back to insurer, but what is the commutation by insurer?
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thank you so much!!
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Just found a relevant post regarding this topic: https://battleactsmain.ca/vanillaforum/discussion/347/what-is-the-status-of-flood-insurance-in-canada#latest
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We contribute less to the fund when it is in a big surplus because it is financially strong. I think I was confused about which funds and surplus we're referring to, this is what I understand it now, can you please confirm this is correct? We(…
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Hi, I have trouble understanding this: provincial production programs contribute a % of their premiums to the provincial and federal reinsurance funds based on their surplus position, the % of contribution is lower when the financial position is…