Staff-T1

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Staff-T1
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  • Hi, Yes, we have more money in the bank but that is not the only consideration when writing policies. Remember, we are not only concerned about expected losses but also capital required. Think back to the MCT and try to visualize how a large chan…
    in Question on Capital Strain? Comment by Staff-T1 January 2022
  • Hi, Remember that this is a quota share policy. Given that you have the % of sharing, you can easily swap between undiscounted net, gross and ceded unpaid amount. Now, back to the question specifically. The CAS uses the Gross APV and various MF…
    in Fall 2019 part a Comment by Staff-T1 January 2022
  • Hello, Are you referring to question 15a) in the Fall 2019 paper?
    in Fall 2019 part a Comment by Staff-T1 January 2022
  • Hello, That's a great memory trick and really fun I really like the cat too! We have added it to the wiki here: https://www.battleactsmain.ca/wiki6c/BCAR.Cdn2018#Calculating_BCAR_Net_Required_Capital Thanks a lot for sharing!
    in Trick for Net Required Capital Comment by Staff-T1 January 2022
  • Hello, No, it would mean company B has a lower materiality level -> The conclusion is correct. Let's give a simple example to highlight this assuming we have two companies Company A with an annual net income of 1,000M Company B with an …
    in Pop Quiz: Which company would likely have a lower materiality level regarding its net income? Comment by Staff-T1 January 2022
  • Hello, A swing rate is associated with retrospectively rated reinsurance policies. Without going into too much detail, retrospectively rated policies are basically policies where the insured pays a premium up front, and this premium is then augme…
    in Swing rate definition Comment by Staff-T1 January 2022
  • Hello, The event in question occurred after the report date in this particular question. Are you possibly getting mixed up with the actual report date and board presentation? For the latter case it has no impact on whether an event should be cons…
    in 2019_1-Spring Question 19 Part e Comment by Staff-T1 January 2022
  • Hello, I would say no in general because of the following: Let's assume that the market price per bushel of your commodity is $1500 while insurance provides you compensation of $1000 per bushel that's short of your 10 ton target. Assuming you h…
    in Small question Comment by Staff-T1 January 2022