AndrewL
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Can you please expand on the solution on similarities and difference between BCAR and FCT?
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Hello @graham, the example provided uses fixed income equity. I was wondering whether this is equivalent to Asset in "lura" Thanks, Andrew
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Hello, BattleActs solution for part c) says that size of damage is capped at 100k for non-pecuniary as mentioned in Dav.Non Pec. Report says answer plaintiff could recover the full 10 milion. Is this a mistake from the report?
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Hello, * Could you please reconcile the definition of onerous from this reading and CIA.IFRS17? IFRS17 reading say that contract is onerous is FCF < 0. That is there is a net outflow of FCF. This reading, IFRS17-1 says that contract i…
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Hello, this post got me really confused. * If I understand correctly, the formula PAA LRC Excl LC= UEP - prems receivable - DAC is incorrect. According to the wiki here, https://battleactsmain.ca/wiki6c/CIA.IFRS17, the formula is correct. Coul…
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Sorry for the dumb question but is PV(Future CF)=Estimates of Future CF?
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Thanks for your response. To re-phrase my question, what is the difference between UEP and Premium Receivable?
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Hello, could you please expand on how a decrease in liabilities after a severe loss scenario be a problem for Self-sustainability?
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Hi @graham, following-up on the above, are the calculations for premium share proposed by @chrisboersma accurate? Would not that give an incentive to max out coverage? That is take a coverage of >93% production. In that case, the insured ha…
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Hi @graham, should we not update the definition of Premium Rate as dollar per $ of liability as well?
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Thank you @graham!
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Hello @graham, My apologies for bugging you out on this question, but the following article https://canliiconnects.org/en/summaries/33714, seems to contradict what you said above regarding the subrogation rights of the Insurer. Is there any di…
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Hello I am really confused by this reading. Can you please explain: "However, given that you are booking a liability under PAA, your total profit would be the difference in your current liability (580) and your FCF (-4165)." If we have FCF=-416…
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Hi @graham, From my understanding, each of the 3 mechanisms uses participation ratio. In Fall 2014Q13, what exactly is the difference between the participation ratio for FARM and RSP? I understand that there are 5 categories etc. but cannot…
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Hi @graham, What type of premium receivable can a primary insurer have? If all premium is not paid up-front, then UEP=Premium receivable
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For part b i) ROR, why can we assume that net investment income= investment income?
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Thank you for your quick reply! As a follow-up: 1. If I understand correctly, Capital Gain = Realized Gain + Unrealized Gain right? * Does Investment Income include capital gain at all? a) Based on the definition of investment income I …
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As a follow up to @graham 's post above to @ibsy, assume the question actually meant cap gain=0. How do we have that Inv Inc = Net Inv Inc? Net Inv Inc = InvInc - InvExp + Real Gains/Losses. * I believe that Real Gain does not equal capit…
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Hi @graham, * Would it be accurate to say that Total Fair Value Gain(Losses) = Unrealized Gain(losses). * In the MSA Reading, Net investment income formula does not include Total fair Value. Is this an error in the MSA reading or the formul…
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Hi @graham, In example 60.45, why do we not use AY 2022? I understand that we should ignore the current AY. However, since we have both prior and current year for AY 2022, it seems to me that we are currently CY 2023.
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Hi @graham , as a follow up to your above posts. Is the following statement correct? 1. Net long Position= - Net Short Position 2. We take the max of long and short such that Margin(FX) >0 In the fall 2018, we only had net long position f…