thesuperactuary
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Does discounting always use the year end t = 1,2,3,..., instead of 0.5, 1.5, etc.?
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There seems to have no past questions asking to calculate the development to equity before. I am just wondering how to calculate it? Does 1 year development refer to difference between 2 ultimate Unpaid Claims and Expense as of 2 evaluation dates?
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For duration of LRC, do i need o make adjustment to average future accident date (similar to premium liability as before)? - also In LRC Excel, they do mention something about to adjust for future accident date, but i don't understand the tab where…
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The Battlecard: Pitfalls in a Risk Transfer Test (6) - Premiums part
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Is numerator equivalent to Page 60.45, Column 40 - sum of (column 40) / Equity for the CY
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How does Duration is calculated under IFRS 17? - Which (at least) potentially be used under MCT Interest Rates CapReq calculation?
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I have a follow-up question, In battle card: AB RSP: what are the 2 types of RSPs in Alberta GRID: → for risks subject to statutory maximum premium non-GRID: → for any risks the insurer feels are under-priced (similar to the Ontario RSP…
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I see!! date was Jan 1, 2019 Thank you!
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I see. Thank you! I have another follow up question. In another exam question, for example, Spring 2017 Q17, the reinsurance part is calculated as follow: Reinsurance coverage = 0% x 25,000 + 50% x 25,000 + 90% x 100,000 + 100% x 100,000 + 0% x 1…
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Also, for the PV(Unpaid Cat Loss) = 55,000 x 0.4 x 1.03^‐0.5 = 21,677 ; shouldn't it be : 55K x 1 x 1.03^(-0.50); as claims develop 12 months Thank you!
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Oh so they take the mid point of each range to calculate the expected reinsurance coverage?
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So "Margin or Deficiency for Unpaid Claims at Prior Year End" - From I to J - intuitively does it mean: calculating the excess ratio using data as of December 31, 2016, BUT excluded the AY 2016 data?
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Then what is the difference between J and D?
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I don't think we need to know BC auto plan (but let s wait for TA)
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Dutil - FA paper - Under AB RSP - Last sentence: The purpose of the pool is trying to cope with take all comers environment
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I am still not sure why here the sample solution didn't incorporate the tax amount into NI calculation. Could someone please shares more details? Thanks!
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Can CapReq(Foreign Exchange) be negative? - say it's short position? - do we judgementally floor it at 0
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Ohh. Nevermind, the report date is the date on which the actuary completes his/her work. so this is not a subsequent event!
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Hello, I still kinda don't understand why this is not the subsequent event. A. Subsequent event is defined as an event (of which an actuary first becomes aware) AFTER the CalcDt but BEFORE the corresponding Rpt Date The Calculation Dt is De…
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Thanks a lot for the second comment. Great point!
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That makes a lot of sense. Thank you!
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Thank you!
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Yes
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Thank you!