oxalis

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oxalis
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  • just to rephrase to make sure i get it, so for "low flood risk areas" (probability of flood < 1 in 75 years) insurers would cover unconditionally, but for "high flood risk areas, insurers would cover unless there's new government investment? f…
    in UK flood insurance Comment by oxalis April 2022
  • yep got it, thank you!
    in FCT vs ORSA Comment by oxalis April 2022
  • great, thank you!
    in how to develop adverse scenarios Comment by oxalis April 2022
  • thank you so much!
    in compensation fund Comment by oxalis April 2022
  • thank you!! and the assessment fee is based on the market share of each solvent insurer? are assessment fee and **assessment **the same thing?
    in compensation fund Comment by oxalis April 2022
  • Oh, so when asked about the methods/models to develop adverse scenarios, I can say: deterministic (percentile), stochastic(reverse stress test), a combination of the 2 methods?
    in how to develop adverse scenarios Comment by oxalis April 2022
  • Hi, shall we change the battlecards 13 for reading CIA.IFRS then? It currently says the formula for LRC = UEP-premium receivable -DEC, but does not specify valid for PAA only Thanks
    in LRC formula Comment by oxalis March 2022
  • Got it, thank you both!
    in identify regulatory reforms being considered for Albert auto insurance Comment by oxalis March 2022
  • Is the XOL always applied at each individual claim level or at an aggregated total claim level? It seems that you're applying at individual claim level, but is this also possible using the same example? Example: 3 losses of 1.5M, payout = 4.5M (l…
    in F2016Q16 Comment by oxalis March 2022
  • can investment return rate and current interest rates be used as discount rates? is there any connection between these different rates?
    in different rates Comment by oxalis March 2022
  • Hi, sorry, it's still a bit unclear to me, are these 2 formulas the same? FCF = Future cash inflows - Future cash outflows + effect of discounting - RA FCF = estimate of future cash flows + effect of discount + RA
    in Formula for FCF Comment by oxalis March 2022
  • Hi, why would LRC be 0 at the initial recognition? I thought LIC is 0 at inception and all liabilities are part of LRC?
    in LRC under GMA for non-onerous contracts Comment by oxalis March 2022
  • Thank you so much @Staff-T1 this is very helpful!!
    in IFRS17-1 Comment by oxalis March 2022
  • Hi, Can you please elaborate on the 3 points above mentioned? I have no clue what these points mean...
    in IFRS17-1 Comment by oxalis March 2022
  • Thank you!!
    in PAA Comment by oxalis March 2022
  • Question: identify considerations under PAA for reclassifying a group from non-onerous to onerous * * judicial decisions (landmark court cases) * regulatory changes * economic changes (trends, interest rates) * RA changes (Risk Adjustment)…
    in PAA Comment by oxalis March 2022
  • Hi, On MSA wiki, we have this formula: Net.InvInc = InvInc + (Realized Gains/Losses) - (Inv.Expenses) But based on what's discussed here, it should be: Net.InvInc = InvInc - (Inv.Expenses), Net invest income should exclude realized gains rig…
    in Fall 2017 #25 ROR Comment by oxalis March 2022
  • thank you!!
    in 2019 Spring Q18 Comment by oxalis October 2021
  • Hi Graham, Is capital & surplus just another name for equity? from the exam report it looks like the capital & surplus is adding up the same items that constitute equity : • common shares • contributed surplus • retained earnings…
    in 2019 Spring Q18 Comment by oxalis October 2021
  • Thank you so much!
    in FCT and ORSA Comment by oxalis October 2021
  • Hi Graham, Can you please clarify these terms? * regulatory capital requirement * supervisory capital requirement * minimum capital requirement? i.e. MCT>100%? Thank you!
    in FCT and ORSA Comment by oxalis October 2021
  • Is the forecast period for both ORSA and FCT 3-5 years?
    in FCT and ORSA Comment by oxalis October 2021
  • Hi, Is the 4K cap on the compensation for minor injuries or the portion to compensate for general damages caused by minor injury? Thanks
    in Morrow v. Zhang par. 9, 14 Comment by oxalis October 2021
  • Thank you!!
    in Fall2012-Q29 a) Comment by oxalis October 2021
  • perfect, good to know!
    in Decision Tree - Right branch Comment by oxalis October 2021
  • Sorry, I still don't quite understand the concept of making the entity different, can you please explain why the change in industry benchmarks doesn't make the entity different? • Different? event did NOT make entity different - LDFs don't chang…
    in Making entity different Comment by oxalis September 2021
  • Shall we always add a note relating to materiality before jumping to the conclusion for each case just to be safe? For example: change in investment markets FINAL ACTION: instead of informing only, shall we put: if the value drop is significant …
    in Missing the 7th case - Change in Incurred Value of a Large Loss Comment by oxalis September 2021
  • Thank you for your explanation on the reinsurance! for my first question though, based on the answer provided, does it mean these 2 battle cards are not accurate? FCT battlecard 15 Define the term going-concern scenario an adverse scenario th…
    in Fall 2019 Q20 - c) Comment by oxalis September 2021
  • Hi Graham, I'm still a bit confused, it makes sense to invest the unpaid claims, but why don't we also invest the unearned premium? since annual premium is usually received before or on the policy effective date, we can use this money to generate…
    in 2019F - Q23 Comment by oxalis September 2021
  • I have a hard time making sense of this equation: UPR+UnComm - prem liab = equity in net UPR, it seems to me that the 3 items on the left side of the equation are all liability items? I have a doubt about whether to record premium liability as asset…
    in DPAE and Annual Statements Comment by oxalis September 2021