CanAct06
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then why isn't it oranged out in it's entirety
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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Hi, this is another example of confusion: You state here that this is outdated: Out here, when you click MSA Ratios.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…
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I meant if PAA is a good approx. to GMM LC I am still confused. I thought for PAA, you can't use FCF, because you haven't received any of these premiums yet?
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I am confused with the LC thing. So let's start with PAA. I thought if PAA is onerous, the LC is GMM LRC - PAA LRC? How come we are just doing FCF sum and not taking into account the UEP - DAC? I am getting very confused on when to use w…
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Okay, you didn't have that in your comment... no group bc one is PAA vs GMM. Say if you have 2 ONEROUS groups that are both same line, same measure, same length... can you group? I am assuming no.
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you assume here EP is 50%. In reality, if written uniformly... the avg written date is mid 2024. I would've thought 75% is earned in Y1, rest in Y2. if you draw the line (using a parallelogram), it would be a 75 25 split?
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1) why is LR based on UEP alone? I understand the FCF only looks at future CF that you will be receiving, no earned at all. IF that is the case, doesn't it make sense to use 'disc premium receivable'? 2) Can you talk about why we - 1/3 in dis…
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I think you got the last paragraph switched up... "If receivables > collateral, then you deduct the capital required as you now owe the reinsurer more than he owes you, which means your risk is reduced leading to a lower capital requirement fo…
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Question 8: (54)... think you meant 55* in the comments (unless version changed). line 52 "Group #1 and #2 do not have coverage difference of more than one year => Combine" - I think they meant the TERM are within a year apart, so they are gr…
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The number here in the solution is not the same as the question (highlighted in blue) in the excel practice problem: ** Can you make it clear that one is for capital required and one is for cap required for this piece:** I don't understand …
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what is the sequence of events used to test whether there is a LC for these contracts? For PAA 1) can do so qualitatively, but assuming we have to prove quantitatively: IF PV(CF) minus RA is -ve then 2) LC (assuming -ve is loss signage) but …
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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)