sdeibert
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Another question related to part C. I thought the loss component can't ever be negative. The purpose of the LC is to be added to premium received so that it equals FCF. Would the initial LC not be +60 and the LC recognized in 2023 be -60? Negativ…
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For part B, would it be wrong to label WP as LRC and Incurred Claims as FCF? When calculating the LC that is where my brain first went but I see the solution phrased it as profit or loss and then if loss, then establish a LC. They would both get you…
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I have the same two questions as above, for insurance risk the syllabus says we are not responsible for those risk factors, we are only expected to know operational. Additionally, all other questions take into account additions/deductions before set…
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In cell M47 they have 0.10% which is used for the change in yield, is it reasonable to assume that 0.10% should always be used unless stated otherwise? I see it also notes this at the bottom of page 6 in the source paper, that it should remain small…
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I had the same question as above for #16, is it correct to assume CoC is an after tax rate and we want pre tax?
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This means that there is a significant financing component anytime a policy is greater than 1 year in length, right? Assuming premium will be received at inception and then service will be provided for more than 1 year. It would also apply if premiu…
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In part i., do we have to use the MSA formula since the investment return and share of NI are not given, therefore we know we cannot use the CCIR formula?
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I agree, I also found the wording confusing. Using the same word to describe portfolios being split into smaller groups and multiple policies being grouped into portfolios isn't very clear to me. Suggestion to add "All the policies (entire portfolio…
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Looking at F2019 #10b, I am trying to decipher all the possible answers to the question. On BA, 3 reasons are listed and then in this examiners report, the points are broken out further. Just want to confirm my understanding is correct... * Is …
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Why is a physical damage claim not an acceptable answer for S2019 #3? This skateboarding example seems like a logical answer and is what I initially thought of for when SPF9 would not provide coverage when the TNC driver is logged into the app. For …
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@uwt3yao111 I had the same question, and I assume it is because it says "RA applied to issue year" in the question and since RA is part of the FCF that it is asking for. Not sure if there would be a question where it says accident year instead of is…
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I found another post from May 2022 with the same question, and it looks like the formula should actually be "Invested assets + cash" (for both start and end of period) in the denominator. Just want to point out that in the 6 excel problems for MSA, …
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I have a question regarding part C of this problem and the solution provided. I understand where the 0.33 comes from for AAD and see CAS calculated the exponent as (avg time - (0.5-AAD)). For simplicity, would it be safe to assume that it will al…
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I had the same question that was asked and answered above regarding the discount years starting at 1 for column 7. I'll provide an example (Odo practice problem #2a in the commutation random problems) to show where I am getting confused... If we …
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Hi, so for ruling 2, the amount was capped at $100k + inflation? I'm confused by the post earlier that says it was reduced to $0 meaning the insurer got more than what they asked for, what is that referring to? Also, for the issues of this case, wha…