jj96gotthis
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Hi Graham, For the "combined effect of projected trend", shouldn't the trend period be 2.5 instead of the trend factor of 1.0252? https://www.battleactsmain.ca/battleacts5.ca/forum5/uploads/409/EGZAJZPLTX9J.png Also, I believe this should …
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Hi Graham, For question 4 above, is it acceptable to use the ECR method instead of the BF method? I guess it shouldn't matter because the IBNR component will still be the same right? Thank you!
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Hi Graham, I have the same question for (2). The examiner's report says that variable expenses are defined to be a ratio to premium. "Variable expenses, by definition, are a percentage of premium and will automatically change when premium cha…
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Thank you so much for your detailed explanation Graham! In short, can I conclude that - we will ignore the policy term ONLY when the question asked for in-force "Exposures", else need to account for the policy term? Thanks!
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Hi Graham, Thank you for your explanation. However, the examiner's report states that "Candidates were expected to demonstrate how to calculate in-force exposures for 6-month policies. Common mistakes included: Not taking half of the exposures…
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Sorry I wasn't clear enough... The IBNR based on paid should be paid ult - rpdt and the IBNR based on reported should be rptd ult - rptd right? Same for the Total Unpaid. https://www.battleactsmain.ca/battleacts5.ca/forum5/uploads/107/DVU0IQ9B1VJG.…