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There is nothing much to add about appendix 4 as it is just the calculations that are described in other sections. And the CIA link in the Excel is probably an error as it links to the sample LRC calculations and not a RA file although I should prob…
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I was referring to the CCIR sections which states that the Excel files are covered which is the whole P&C annual return. Also, it is both page 60.35 and page 60.45 that relates to the XS and deficiency calculation so that's clearly listed in the…
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Yeah that is a typo. I have fixed my earlier comment
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Every tab has the blue commentary which is the BA comments
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No, the first slide is for ON specifically while the CIA.territories paper is more broadly speaking. In Alberta for example you can have different territories for different coverages and the territories don't have to be contiguous
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I would say you have to memorize the formulas in the screenshot. The simplified formulas are more of to help you understand what is it that is actually in the numerator and denominator
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Yes, ISE includes claims paid + other thing like the amortization of insurance acquisition cash which the gross claims ratio does not. But yes, in general both can be used to gauge favourable experience
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it is for a single exposure
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In Section 4.3.3.2: What we are trying to do here is adjust the capital available for assets or receivables that are uncollateralized. A+B+C is your receivables, while D+E+F+G is your collateral for those receivables. If your collateral is < Rec…
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The insurer usually mails a notice of renewal with some modifications to policies in other provinces around 60 days in advance of renewal. If no action is taken, then it renews under the new terms. For the Quebec auto insurance act, I believe polici…
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I think it's still fair game. The entire P&C annual return is covered and C1 (financial position) is where I would put this in
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Whether C or D are onerous or not is not really relevant here as you go through the testing steps
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Because to annualize Q1, you multiply by 4 since only one quarter has passed. To annualize Q2, you multiply by 2 since you are 50% done with the year, for Q3, you are 75% done with the year so you multiply by 4/3
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That's right. OCI(X) = AOCI(X) - AOCI(X-1). The change in other comprehensive income is simply the difference between the accumulated other comprehensive income in one period vs the prior period
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It's a bit difficult to create battlecards for MSA.legend since it is literally just a snapshot of a formula sheet vs when it used to be a part of a study kit with more commentary. I'll think about it and see whether it's possible
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I believe QC has an option for automatic renewal which may extend the contract boundary beyond one year which is why it is in a grey-ish area
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The excel would be covered in the MCT article. For the second question I will need to take a look
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* The number relates to how you would find the actual cells to plug into the formula from the P&C return * Yeah that is from page 92.18 but the more accurate way is to take it from 60.25