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In the sample question, if I were to do the issue year, does the issue year start from 2021?
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Thanks!
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Is this duration reading still relevant to Fall 2022 sitting?
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thanks
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Is income from subsidiaries (part of the numerator in ROR formula) different or same as other income? Or is it part of other income? I see other income is in 20.22 OIE section. but income from subsidiaries is not on the 20.22
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the net income provided didn't specify it's after tax or before tax. is it because the income tax is listed above net income, so we can assume it's net income after tax? also, U/W income is -120, net investment income is +105, income tax is -5. …
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I thought CSM is always positive. So CSM can be negative for non-onerous contracts?
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I'm struggling understanding the below equation LRC = FCF + CSM = (Future cash inflows - Future cash outflows + effect of discounting - RA) + CSM for example, assume discounting and RA is 0, inflow is 100, outflow is 80. CSM at initi…
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battle cards #24, which country uses insurance as government role? Should UK be included too? For UK, the government is an enabler.
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In IFRS17.IC article, question 6.5 asks about what changes are recognized in CSM. It states CSM at the beginning of the reporting period+ effect of any new contracts added to the group and + value of interest accretion (Using locked-in discount rate…
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"If a payment is contingent on persistency within a contract boundary, it will generally be considered an administration cost." Could you give an example of the payment mentioned above? Thanks,
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For acquisition cashflow, it says "If a payment is contingent on persistency within a contract boundary, it will generally be considered an administration cost." Does it mean all the costs related to renewal business is considered as administrati…
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The examples which are given in the battle cards #16-#18 seem to say another difference between prior approval and file & use is that prior approval is used for PPV, while file & use is for non-PPV. Is my understanding correct? Thanks
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thanks!
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Hi @Staff-T1, so basically the 10k i make before injury is subject to 20% tax, while after injury, I don't need to pay any taxes on the compensation i get. Is my understanding correct?
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In CIA.IFRS17-1, section 3, reinsurance recovery is still under RA. RA: Risk Adjustment (for non-financial risk) → claims development, reinsurance recovery
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Thanks, it makes sense
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Thanks a lot. It makes sense.
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Thanks for the explanation! For the FV approach vs Modified approach, the second bullet point of modified approach states that "Groups can include contracts issued more than one year apart." That's where i get confused. Seems that both can have co…
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wouldn't expenses associated with starting a contract be included in acquisition cash flow?
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thanks Graham
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Hi, Regarding this case, why does homeowner insurance get involved in the bus drivers' behaviour? shouldn't the bus drivers sue their professional liability insurer? The injuries didn't happen at their homes but on the buses. Thanks, Nancy
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got it now. thanks a lot!
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Thanks