a225khan
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Qs 16 on the new PE: It says the Net undiscounted Policy liabilities is comprised of LIC + LRC I assumed the Net discounted Policy liabilities are also comprised of LIC and LRC? (this is the value used in APV formula)?
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Is this correct? Is APV = LIC? From the practice exam I gather that APV = LIC + LRC
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Hi, can you please explain why the following two are "not-limiting" features in RT 1-premium payable quarterly 2-Reinsurer expense not included in RT
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Thank you for the explanation!
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I guess my first question remains, in the Fall 2018 - qs24aii - it subtracts prior years AOCI from the formula - can you please explain why?
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Thanks for correcting that. Can you please explain why the formula includes "change" in AOCI A comment to another exam question (Fall 2016 qs22) said that we should not use the change. This is mentioned on the CCIR wiki
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Can you please elaborate on point 2 explanation that you provided? Changes in FCFs due to discount rate warrant a change in CSM. (for example there is an increase in CSM). Does this mean that the extra CSM can be recognized as Profit OR it can be…
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Battle card 8 says: What does this mean "capital injection should not be used unless planned and certain" Why is this an error
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What is the difference between "when policy is sold" and "initial recognition" of the insurance contract?
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Can you please give an example of bullet point 3 "cashflow arising from contract at initial recognition". Thanks
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I am having the same issues.