CAS Sample Question Q9 and Q27

i still don't understand why we use 65%-40% for Q9 but (80%-50%)/(1-50%) in Q27, i see that the comment said "The only trick here is that half of the claims have been paid out"...

Comments

  • In Q27 you are already at year 2, which means the unconditional payment pattern needs to be rescaled to get a remaining payment pattern as of year 2.

    In Q9 they have already provided you a conditional scaled payment pattern at the end of AY 2023

  • how can you tell it is as of year 2? i am more confused now

  • It states that the company wrote business in 2023 and it states to calculate the LIC as of Dec 31 2023 which means year 1 has passed and you are looking at things from year 2 onwards
Sign In or Register to comment.