kybazzi
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Thank you for the link! I want to understand better the difference between LRC and LIC in terms of the pattern. LIC has future cashflow patterns that are basically given a business-based assumption about their timing, which is why the problems ty…
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Afterwards, PAA LRC is calculated as (prem received) - (acq cost)/18 = 7 .1 - 10.2/18 I'm confused as the full acquisition costs have been paid upfront. At this time, nothing has been amortized, so why isn't it (prem received) - acq cost = 7.1 - …
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It's just converting the dollar amount of risk adjustment to a % basis of the BEL. You are usually provided the RA % directly and skip the dollar derivation of the RA. This question is meant to provide you an example of how you actually arrive at th…
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Expected credit losses are part of the credit spread so you don't want to double count them and investment expenses should be excluded cause that's specific to the reference portfolio and has nothing to do with the liabilities This explanati…
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For (b): Is is (1) "possible" that we will be expected to recall formulas for various loss distributions (including lognormal), and (2) is it "likely"?
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I want to understand "Effect of changes in non-performance risk". Since "Net expenses from reinsurance contracts held" is added to ISR, its components should be (+) added if they increase ISR, (-) if they decrease ISR. Hence: * Allocation of…
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Thanks for your reply. I'm still unsure on this. It seems to me that: * 40.74.499 "Investment return" is fully done on 40.74 as sum of line items: * NII = GII - IE - Tax * IR = NII - Prov.Credit * On 20.22, Investment Return isn't act…
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Thank you! 1) Can consider updating the diagram in the Wiki to demonstrate this (e.g., seeing the negative difference -700 with no mention of absolutes could confuse some readers, although goes without saying that it's intuitive to go with absolut…
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Does anyone know if there is value in memorizing the MSA format for these formulas or does the word version of the formulas suffice?
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Bumping this, thank you
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Thank you for your response. I’m having trouble understanding the practical difference between a provincially incorporated insurer having “capacity but not right to operate” in another province, versus a federally incorporated insurer having “bot…
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I wanted to follow up on the idea that federally incorporated insurers have both capacity and right to operate in each province, whereas provincially incorporated insurers have the capacity, but not the right, to operate in other provinces. When …