DulcineaDelCA
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Thanks Graham! It makes perfect sense.
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Hi Graham, Just want to drop a note and let you know that the new version of source text does address this ambiguity in P77. It says and I quote 'For the purpose of this section, assumed premium written arising from intra-group pooling arrange…
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Hi Graham, In the wiki article, it said BCAR model is more robust than MCT as it permits qualitative adjustments due to economic and market conditions such as: * interest rate changes * stages of U/W cycle * change in reinsurance arrangeme…
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Thank you for pointing out that Young v Bella was tried as a negligence case not defamation (I had the two mixed up in my head somehow). It certainly makes the argument for non-pecuniary damages more plausible. Speaking of credit rating agencies,…
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"for File & Use you can use the rates while waiting for possible disapproval." I think you are describing Use & File - there is no waiting period before use but regulators can retroactively change rates. If I understand correctly, for Fi…
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Thank you both - from yet another fellow OCD-er.
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That makes perfect sense. I couldn't figure it out even after reading the source reading. Thank you so much!
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I agree, there is definitely more to this actuarial game of musical chair than meets the eye, a game I hope I would get the chance to play one day for real. Thanks Graham!
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In order to lower LR, we should cede risks with higher LR than the pool's average LR. However in this question, Ceded business LR = 40/50 = 80% Pool LR (with company A) = 1000/750 = 133.33% Pool LR (w/o company A) = (1000-40)/(750-50) = 137.14%…
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Awesome reply as always, thank you
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What is the formula for adjusted equity? Can you please direct me to the relevant sections in the reading?
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In 2018 Fall #24, Net Investment Income also includes realized gains. This can be seen in Part a i) net income for fiscal year 2017 - realized gains are not added after NII, as well as Part b i) ROR - realized gains are subtracted after NII. It s…
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Alice would be proud!.