CanAct06
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Can you send me the file, can't open on CIA website.
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1) L50 - Premium Receivable Discounted: I understand we have to rmv the cancels, but why is it (adj for cancels) x DirUEP. Is it because it also accounts for policies that are live? 2) FCF -> you are using Prem Receivable, but the losses ba…
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14F # 13 Participation Ratio Don't understand what exactly part % is for FA, RSP had calc examples.
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is OCI included in Net Inv Inc? It seems like no. 2019 F 23. There are 2 ways calc NII, don't understand the first 30K - 23K + 17K, what exactly are these numbers and how does it equal to the other 'easier' way
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So it says the 'fund balance at 95% percentile' is your initial deficit? what exactly is the fund balance comprised of? So you are saying, "in the event that this 'fund balance' at 95%'le 6th is our initial deficit, will we recoup deficit withi…
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Thanks, but can you correct the sol'n to show this also (unless you have already)
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There was something I read in the articles, can't seem to find it. But it was reinsurance related. Why is it better to study losses GROSS for reinsurance. Something along the lines of... if it was just the ceded losses, you might end up with a lo…
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for direct ins contract, I am assuming you would've had to include that second policy? For reinsurance you don't?
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Reversed meaning the -ve actually means FCF is profitable
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For Life ins when they say FCF... they usually mean Premium - Claims - RA... Is it reversed for PAA? I see some confusion stated earlier. https://battleactsmain.ca/vanillaforum/discussion/710/formula-for-fcf/p1 What would've this question tr…
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Why are there 2 sets of formulas here for part D in the IFRS17-LRC practice problems? I am assuming it's the same thing? The name is kind of confusing me. Also, say if you had 'carrying amounts', 'adjustments of fin components' & 'investme…
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Can you please give the FULL numerator for ROR, ROA and ROE? ROE = UWi(NEP - Net Claim & Adj - Total Acq - Gen Exp) + II(inv inc + cap gain + other inc) + (subsidiary inc) - taxes ROR = same thing as ROE but NO CAP GAIN and NO TAX deductio…
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Very Confused here: A - Premium Received B - Insurance Revenue C - Premium Receivable D - Direct Unearned Premium Questions: 1) A is premium you actually received in the reporting period? 2) B is the premium you earned? 3) C is premium yo…
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AWP, CWP and DWP - can you write out the acronyms in full and explain the differences clearly. I am not seeing this anywhere (only in the excel practice questions)
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A few more questions... 1) For bullet 1, So what would've happened if that FCF was +ve which is a loss (PAA LRC - FCF) = (0 - +####) = -####... this is -ve and no abs value in excel formula. 2) Can you talk about the FCF tied in with PAA LRC.…
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2019 S 25 d/2014 S 31/2014 F 34: I guess this is a trick question, bc they are not giving full details of the FCIA - but you'd have to see if the specific condition listed is broken? Here are the extra ?ns I had: ** 1) Does consulting experience …
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Ok I see, the 'severity' is from the RE's perspective
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so are you saying this question 2013 F18 is kind of worded incorrectly, because it says "Estimated Payment to Reinsurer". That is the part that threw me off.
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I don't know if I agree with the i) explanation in the wiki article. If you get a 3M loss, you wipe out the 1 agg_deductible AND retention in one go? So for 3 mill loss, -1M premium -1M in deductible/retention. So the RE pays 1M. And that's i…
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I think you meant 2021 for one of them? makes sense
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I know this is outdated, but the formula is: ERD = Prob (NPV loss) * NPV (avg sev of loss as % of prem) ERD is basically (frequency) x (severity as a % of premium) 1) in this case the total loss is 200 and total premium is 100, why are we subtr…
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This seems random, why is the threshold 20%? Why would you 'add' this piece above 20% growth as a piece of capital?
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Why are we taking the avg in step 2b from 2a? -> But why are we shifting the CF 'back' by half a year? I guess the discounting makes sense bc you are moving from half yr accidents to time 0, but the CF avg is weird.
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I don't understand this at all: 1) How can you have LRC < 0? Can you disect the formula for LRC vs. FCF? How they differ. 2) Like the gentleman asked, how can a Cash Inf for FCF cause a further loss? Still not making sense, so confusing I am n…
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One of the excel file downloads... The name of file is in subject