lawtsm
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I think he meant taking the average of two accident years for allocating to issue year, as is done in the calculation example under IFRS17-DR. I would imagine Sample-1 question from CAS would use the issue year for calculating LIC, at least that's w…
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does that mean the higher the 'minimum rate', the less risk transferred?
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what are the minimum rate and maximum rate about? how would they limit or not limit risk transfer ?
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what about 2019 spring 25(d) It does not mention 'newly hired' for Situation B Won't the consulting firm that he currently works for counts as one of the 2 unrelated insurance companies? Does consulting firm not count as insurance companies? O…
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Are we getting some practice questions based on the Excel file?
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You mentioned "If you have a CSM, your LRC = 0 since the CSM is set to be zero out your FCF" above. What does this mean? Why do we have to zero out FCF?
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how do yo have LRC = FCF + CSM = 0 at time 0? This seems contradictory to the graph (where LRC only goes to 0 at the end of the coverage period):
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You mentioned "LC is recognized in P&L immediately, but a negative liability is also recognized similar to the CSM on the balance sheet." Can you elaborate further on that? I don't understand why a negative liability is recognized for LC. …
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How does Table 6.2 illustrate the following: "At initial recognition, the CSM can: * Reduce the reinsurance held asset (where the PV of reimbursements from the reinsurance contract exceeds the PV of reinsurance premiums) and therefore defer …
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What does BEL stand for?