graham
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- graham
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Right, and the CAS has not released any exams since computer-based testing. The only people who know what types of questions are on the current exams are people who have taken the exams and they are not allowed to reveal anything per CAS disciplinar…
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No problem! Looks like you are well engaged in slaying the beast.
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There is also a footnote under the Battle Table for the MSA.Ratios reading about part (c): * https://battleactsmain.ca/wiki6c/MSA.Ratios#BattleTable
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Yup, my bad! I have corrected those items, thx! Next time you do quiz 3, check out the authour of the question for (6.12.3) in the green box just under the question.
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Yes, a finger stutter! It is correct, thanks!
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That's odd. I just tested it by downloading it myself and I got version 9. (You have to refresh the page of course but I assume you did that.) I have now cleared the server cache. If it still doesn't work we will have to investigate further. If y…
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No, this is purely an equity calculation and it's done by directly summing the components as listed on the Statement of Liabilities and Equity. The fundamental accounting equation is: * Assets = Liabilities + Equity So another way to calcul…
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It's on my list to do. I will return my attention to those after I put the finishing touches on the OSFI.MemoAA article. Note that Excel versions of those problems are also available within the specific articles. You can copy the data from the we…
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Yup! I've fixed it and given you a shout-out here: * https://battleactsmain.ca/wiki6c/OSFI.MCT-IFRS#insurance_risk_components Thx!
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Sorry about that. I misread it. * Immediate Recognition in Profit and Loss (P&L): When a group of insurance contracts is determined to be onerous, meaning the expected costs exceed the expected benefits, the entity recognizes this loss imme…
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Under IFRS 17, insurance contracts are categorized into onerous, non-onerous, and potentially onerous. The treatment of losses differs based on these categories. Your understanding that losses from non-onerous groups are recognized immediately is co…
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Apologies for the delay in responding. Your post slipped through the cracks. This is a issue with the CAS website and we are unable to do much
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Can you give me the link that doesn't work. Apologies, I will fix it. Regarding your other question:: Yes, you've got it right. The formula for Net Income Pre Tax, as you've outlined it, is accurate. It includes the following components: * N…
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This was a change from the previous version of the MCT source reading. The 2023 version did not have the 1.1 factor, but the 2024 version (which is the current version) DOES include the factor of 1.1. We will correct that. Thank you! @Staff-T1
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Yup, this was emailed to to us. I sometimes just send the question to the forum staff if I don't have time to respond. Sorry!
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Fixed, thx! * https://battleactsmain.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=CIA&suffix=IFRS17-LRC&s…
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Fixed, thx!
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Thanks! I have linked to your post from the wiki: * https://battleactsmain.ca/wiki6c/FSCO.TechNotes#Section_E:_Major_Filings
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Yes, this is likely out-of-date but it should still be considered a valid answer until the syllabus reading is updated.
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Corrected, thx! * https://battleactsmain.ca/wiki6c/PACICC.Comp#Funding_and_Assessment
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My thinking was that the underwriter or agent would be doing it on behalf of the insured, but I will adjust that to be consistent with the wording in the source: * https://battleactsmain.ca/wiki6c/BCAR.Cat#Cat_Risk_Management
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Yes, that's correct. Here's the reference in the CCIR.Instructions wiki article: * https://battleactsmain.ca/wiki6c/CCIR.Instructions#Excess_.28Deficiency.29_using_Page_60.35 If I were studying this reading, I would memorize the answers to …
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The definition of excess (deficiency) ratio changed when IFRS 17 was introduced and the calculations given in the CIA.Runoff source text are not consistent with the new CCIR instructions. That's why I marked it as outdated. (This reading should h…
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I included that example because that's exactly the kind of trick I could see showing up on the exam! (That question has been asked by students multiple times so you are not alone!)
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You just have to scan the given information for risk-limiting features, and in this problem there aren't any that would impact the assessment of risk-transfer. Examples of risk-limiting features might be: * Sublimits: Caps the amount payable f…
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And just to give a little more detail: "Reinsurance pricing assumptions" refer to the estimates and models that reinsurers use to set the price of reinsurance contracts. These assumptions can include factors like expected loss ratios, administrative…
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Yup, I had it mislabeled. Corrected, thx! * https://battleactsmain.ca/wiki6c/Chev.Agric#BattleTable
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It isn't permitted to reproduce the page digitally, but it basically says the following: * Auto insurance in BC is a combination of government-mandated rates and open competition. * The Insurance Corporation of BC (ICBC) is a provincial crown …
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Sorry, it's 2019-Spring-Q25a:
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This reading is not available online. It is only available in printed form from the CAS. You have to order it on the CAS website and it has to then be physically mailed to you from the CAS office in the U.S.