CanAct06
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Kind of confused about expected losses for 18 vs 25 for 18, you do straight UEP * LR for 25 you calc earned then ult claims/earned is the LR. Can you confirm how to properly calculate/use LR when using LIC LRC (is there any difference betw…
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The Insurance Risk, risk factors where are you getting the risk factors from? the 10%/25% for net marg LIC, and the 20/15/30 for unexp coverage
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I hate this question because in theory, any one these can be a freq/sev problem. i.e. a complex model may also have a greater chance of a SEVERE failure.
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following up, I meant to say while*
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are you sure? I thought FARM is completely taken by FA (rates set, service facility) etc. Nothing on cedant books.
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for 3: If a PR had experience with 3 unrelated insurers with they were with the SAME consulting form.
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Are these all the PR eligibility requirements: Musts: 1 - 3 yrs Canada exp (1 yr val) cia sop, 2+ unrelated companies 3 - 3 yrs removed from comp 4 NO INV in company unless mutual fund 5 NOT same firm/friends with AA 6 ok same firm doing FS…
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don't understand why we are 'removing' the first year. There is nothing here that suggests the FCF LIC for AY 23' is a year late.
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Is 10% of retention considered high??
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https://www.battleactsmain.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(24).pdf just making sure that now. + going-concern scenario all has to be over 100% too?
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Thanks, adding to this: Q10 of IFRS 17 Practice problems: Net expenses from reinsurance = Allocation of reinsurance premiums + Amounts recoverable from reinsurers for incurred claims + Effect of changes in non-performance risk of reinsurers C…
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can you quickly state the end result? I believe these were the only one's that didn't get capped? What was the final results (payout) SY v FGC Hill v Church of Scientology Young v Bella
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Are my formulas right though? Don't understand your Sample 1 vs Sample 2. Are you referring to full amount or PACICC amount? IF full amount, since the 'cap' is applied to 400K first, isn't the full amount going to be LOWER if PACICC receives fi…
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"Opposite of what happens for the LRC" referring to..?
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SO if dist goes straight to insurer first: min(limit , claim amount - dist $ - deductible) + min(UEP,2500)*.7 ? IF dist goes straight to PACICC first: dist - (min(claim - deductible, limit) + min(UEP,2500)*.7) ? Obviously, the 2nd answer is …
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Dutil.FA TechNotes PPA There seems to be some (in)direct overlap here. There are some conflicting arguments: These are all in the 'quiz within the quiz' These are just the jist of the Q&A 1) what must be provided if a great change is m…
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how does agri-stability complement agri-insurance
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1) Next time, can you put the link in there for quick reference. https://www.osfi-bsif.gc.ca/en/guidance/guidance-library/minimum-capital-test-guideline-2024#Toc-4.2 2) As an example, I spent so much time trying to figure out where you are gettin…
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Can you explain the material contribution test clearly. So i) but/fot test can't establish causation ii) and accident must be reasonably foreseeable. If so, you ask - did defendant action materially contribute? IF YES, defendant at fault? S…
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Can you explain 1 in more detail? Why are we adding back expected cred losses and inv expenses to find illiquidity premium. ++ I guess it means inv exp is the cost to manage to ref portfolio regardless
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Why not delete from here: https://www.battleactsmain.ca/wiki6c/Excel_Practice_Problems I am getting confused, doing a lot of extra studying because not always clear
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1) I am even more confused after reading this answer. Can you explain clearly what the new rules are now? -> In the past (same direction, within range, within +/- 10%). Now it's 5% overall and 15% magnitude per policyholder? 2) The fact …
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"Answer here is incorrect. The LC itself is specific to the underlying contracts and would be unchanged. What would happen here is that a loss recovery component would be set up and the NET LC will be reduced. The original commentary is fine otehrw…
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So for the IFRS17-LRC excel sample questions number 3 and 6. Trying to understand the signage here. 1) PAA excl LRC is all -ve, but how can UEP - DAC ever be -ve in a realistic world? Unless we are taking it -ve? 2) Is the FCF PV(out) - PV(inf)?…
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did you mean + 15% in your response ?? 1) Also does rate change and differential change mean the same thing? How are they interchangeable used? 2) Are relativities mutually exclusive? If I have a set of proposed changes for coverage, territory…
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I know sometimes FCF is presented -ve, other times +ve. How do we know when to use which sign? Like for PAA LC = GMM(LRC) - PAA(LRC) -> I am assuming it is PV(Cash INF) - PV(Cash Out) - RA when would you use the other way?
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ok, so you rerun with the 95th % of the fund balance, what is the magnitude of this deficit? Can you walk me through an example. 1) So say this fund at the end of the 6th year at 95%'le is 10 million. 2) You rerun scenario 3) program is self-…
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Hi, this is another example of confusion: You state here that this is outdated: Out here, when you click MSA Ratios. So is this needed??? As we approach closer to the exam, starting to get worried.
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fall 2019 23. ii)net rsv/eq... how is the net rsv based off of unpaid claims... I thought it would be unearned premiums also... iii) overall net lev ratio also, bc 140K is both "RE unpaid claims and adjustments" AND "Dir Unearned Premium" wha…
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1) for illiquidity premium, why are you taking average of year 3 & 4. 2) How are you exactly coming up with this pattern? You use Cap Req for first 2 periods and then 60% of it in the last period? I don't understand your selection, in terms o…