CatherineGao
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Thanks for the clarification. If the contract specifies loss will be paid within 1 year. It might be a risk limiting feature for long tail line. Am I interpret this "timing of loss payment" feature right?
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hi, in Fall2018 q18, it is saying "Loss is paid when it occurs" is not a risk-limiting features. Why? Loss paid when it occurs specified timing of loss payment, right?
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In "CIA.IFRS17-LRC_(060)_practice_LRC_PAA_v3.xlsx" and the example provided in the text page 25, LRC at 1 year end does not consider maintenance expense. While maintenance expense is included in FCF (row 93). I am confused. When calculating LRC, sho…
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Sample Question IFRS17 Q17. RA = selected % * Discounted losses and ULAE. My understanding of future cash flow = out flow - in flow, which means it needs to accounted for future premium. "RA = selected % * future cash flows" is cited in BA article
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@Staff-T1 RA using margin method is calculated as (selected % * discounted loss & ULAE) in this example. While shouldn't RA = selected % * future cash flows? which would include premium. I find in CIA_Educational_Note excel exam RA = selected % …
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thank you!
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coc method the excel example is discounted at 1, 2, 3, etc why sample Q4 discounted at 0.5, 1.5...?
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Risk Adjustment associated with reinsurance contracts held can be estimated by "cost of reinsurance". While by definition, RA should only concerns about non-financial risk, but I assume "cost of reinsurance" would include estimation of ceded cash fl…
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thank you. So it referring to coverage level <90%. I thought it was an additional deductible out of indemnity paid.
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Hi, regarding your reply on feb 17, I have a question: A by (GMM) = 𝐸𝑥𝑝𝑒𝑐𝑡𝑒𝑑 𝑐𝑎𝑠ℎ 𝑖𝑛𝑓𝑙𝑜𝑤 𝑓𝑟𝑜𝑚 𝑟𝑒𝑖𝑛𝑠𝑢𝑟𝑒𝑟 + 𝑟𝑖𝑠𝑘 𝑎𝑑𝑗𝑢𝑠𝑡𝑚𝑒𝑛𝑡 (𝑅𝐴) + / - 𝐶𝑆𝑀 + 𝑢𝑛𝑎𝑚𝑜𝑟𝑡𝑖𝑧𝑒𝑑 𝑟𝑒𝑖𝑛𝑠𝑢𝑟𝑎𝑛𝑐𝑒 𝑐𝑜𝑚𝑚𝑖𝑠𝑠𝑖𝑜. But you said "A* in the example contains both the PAA and GMM ARC " I di…
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2024 MCT text says Deduction from capital available = A+B+C−D−E−F−G−H but wiki says (A + B + C) – (D + E + F + G + H + I).
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Answer key: Component # 5 : 2.5% ∗ [(51,000 + 19,200)- 1.2 ∗ (34,000 + 12,500)] =2.5% * 14400 while using formula in Battle quiz: g = (51,000 + 19,200) / (34,000 + 12,500) -1 = 51% 2.5% ∗ [(34,000 + 12,500) * (51% - 20%)] / 1.51 = 2.5% * 9500…
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Thanks for your explanation. For the first one, I get it we need to account for future cancellations. So I was thinking "DAC net of cancellation" instead of "DAC net of cancellation - DAC gross of cancellation" why deducted by gross?
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could you explain the treatment of acquisition cost in FCF calculation? +DAC net of cancellation - DAC gross of cancellation + future AC net of cancellation Why 1) net - gross? 2) future AC not deducted by "future AC gross of cancellation"?
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Practice Exam Q24 c. coverage units @ beginning of quarter= 450 coverage units @ end of quarter 650. Does coverage units @ beginning of quarter means units provided during the quarter?
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"Capital available uses the earthquake reserves (what is being calculated in the question) and not the earthquake premium reserve. There's a difference between those two" chapter 4 of this paper talks about capital required. Then based on your co…
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Hi, I am still confused about definition of onerous. If acquisition is part of FCF, why onerous definition separately listed FCF & acquisition? sum of: → FCFs (Fulfilment Cash Flows) → acquisition cash flows → cash flows arising from the c…