mandatory_coverages
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Thank you for the explanation! Another Q - Q13 of the IFRS sample questions -> they don't give us a RA amount, is that intentional or an oversight? If we had a RA would we have to include the RA in the unwinding amount? I assume that when i…
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I totally agree that LR 89% is ridiculous and theres no way it could be profitable irl, I'm still really struggling on how to decide whether or not it's onerous, any guidance would be greatly appreciated. Are you basically looking for obvious signs …
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So to confirm * If loss is 500K, but liquidation amt given to PACCIC is 580K, would the policy holder get the full 580K? would they get 500K + prem reimbursement? or just 500K? * If loss 600K, liquidation is 580K, they get the full 580K beca…
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Ive clued in the PEA is like a reimbursement for the expenses relating to the handling of claims so it's not double counting
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I just dont understand whats the difference between closing and opening rates and how the different rates are set for the unwinding, I cant make that make sense logically
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clarification on mortgages and loans, do we consider them as assets because we have lent out the mortgage/loan? we do this for MCT too where for margin interest rate loans & mortgages are asset. How are we supposed to know when we hold or give o…
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how do we interpret the solvency scenarios - if in 2022 it's expected to have X$ in assets and Y$ in liab, and in 2023 it's expected to have X_2$ in assets and Y_2$ in liab, where do these numbers come from? is it assuming the solvency scenario happ…
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when calcing MCR and SCR asset req why dont we consider the surplus? Its available to be used so why not add it
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does net UW leverage use the same <500% threshold or is it lower?
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why doesnt GWP include the ceeded premium? (for ROR) whats the difference between assumed and ceeded premium in this case?
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where does it say that group B is non onerous? it says group A1 is non onerous, is it non onerous if there's no GMA estimate? in a similar way why dont group C&D need a loss component/why arent they onerous?
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when we talk about ceded RA and gross RA is the ceded RA the RA for the risks that we cede and the gross is RA for all of our risks including the ones we keep and cede?
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why are we adding premiums received but subtracting insurance revenue? What is the difference between a direct and indirect expense?
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if coverage units are the # of services/contracts you are liable to, the first example show that the remaining expected CUs decreases to 0 by the end of the year. I would expect it to not necessarily go to 0. If the company is growing wouldn't the C…
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how are promoting competition and stifling private market growth different? I also don't fully follow this idea that public insurers can provide social benefits that private insurers can't. Like EI, major social impact but if a private insurer wa…
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can you elaborate on why in CIC vs AG(AB) the BC legislature acted within its power? It sounds like BC leg wanted to make it harder for the insurer to participate in BC but is the key here that this doesn't prohibit the insurer from participating th…
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another question to add on, "there is a big compensation gap between cat and non-cat impairment" then my notes says 1Mill vs 100k - what is this cap relative to? Bodily injury?