Tony88pass
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Okay thanks Graham
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Thanks Graham
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Hi Graham, Just to clarify, so under IFRS 17 the RA needs to be disclosed separately and the best estimate is essentially NU @ i' right? Comparing to under current practice the best estimate is NU @ i
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Hi Graham, So under DAC deferral, seems my understanding is correct for IFRS 17?
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Hi Graham, Is the term "general damage" equivalent to "non-pecuniary damage" in this case? Since the result is that the supreme court reinforced the original trilogy, which implies that the award would be subjected to the cap even in the first tr…
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Sorry I wasn't clear enough on my first question, so they seem to expect you know how to calculate the yield rate using bond/duration/eff yield, w/o giving it to us directly, does the syllabus show how many ways of calculation of yield rates should …
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Also, may I know what you got for the final int rate risk margin using the latest method?
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Thanks Graham
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Yeah I usually assume the years in PC1 exhibit are on calendar year basis
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That makes sense, for part a and b I was just curious since they aren't in the quiz.
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Spring 2017 Q17c as well, btw are part a and b outdated question?
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Thanks Graham, yeah seems here is to test you on that so I asked.
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Thanks oxalis, that's what I meant
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Thanks, I got 975 as well
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I see, thanks!
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Very well explained, thanks Graham!
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Hi Graham, I have a question here, can you explain why uncertain payment pattern here leads to picking high Mfad for investment? Thanks, Tony
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Just another question, are we still supposed to know how to calculate the yield rate if given a similar bond table in this problem?
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Thanks!
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Thanks Graham, it makes a lot more sense to me now.
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Hi Graham, I came up with a few questions when reviewing your first response: * Is cost of reinsurance = ceded premium in a QS treaty? * In a UPR question, assuming XOL treaty, when calculating the NU using (Net UPR-FutRe)*ELR+ULAE, here in…
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Oh so you meant the cash includes the NEP, I thought there were independent, make sense now. Thanks
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Hi Graham, Sorry I wasn't clear enough. So based on the sample answer, they have already counted the cost of reinsurance when calculating the u/w income, in that case, why it comes into play again when calculating the investment income, that look…
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Thanks Graham, it makes lots of senses now!
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Hi Graham, Based on the formula: CapReq(UnregRe) = (UEP + O/S) x 15% – max(0, -D) (if < 0 then set to 0) Isn't that the capreq can't exceed (UEP+O/S)*15%? So it's a topline instead of a baseline? I read the relevant section in the pa…
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Thanks Graham, I like your examples they make a lot of senses. So the $100 is always included in the $500 in the first place (which category does it go into?), but then the company may need to decide how much to exclude depends on the amount of c…
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That's so clear, thanks Graham!
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Also, if we want to make a flood insurance affordable by low-risk subsidizing high risk, make the purchase mandatory or bundle with HO policy seem to be similar, can't really tell the difference
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In the ROR formula, ( U/W.Inc - CapGains + InvInc + IncFrmSubs ) / GWP, I assume the InvInc has included the realized gain/loss, that's why it is substracted from the formula.
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Thank you Graham, sorry I forgot to minus change of UEP