oxalis0217
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for b), how do we know that we have to calculate the RA for LRC, and not LIC?
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Hi, I couldn't find in any excel sheet the formula for calculation the highlighted rate, could you please tell what's the explicit formula for this please?
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Is " initial recognition" and "at inception" the same thing? How do we know if at inception we assume premiums are already received or not, do we just put down our assumptions explicitly during the exam?
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Hi @Staff-T1 , Can you please confirm the formula for PAA LRC, you had: PAA LRC = Prem Received - Earned Premium - Prem Receivable - DAC should it be: PAA LRC = Prem Received - Insurance Revenue (EP) + Prem Receivable - DAC when you say it c…
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Shall this battle card be modified to include also the top down approach then? Currently the answer sounds like only the bottom up approach is valid.
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Ok that was my interpretation based on the 3 battlecards, can you please explain why it's not correct? Under IFRS 17, how is the discount rate selected when cash flows do not vary with returns on underlying items • discount rate is based on a …
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the yield curve that we reference to many times in the reading, is it a curve of the spot rates at different time period or is it made up of yield to maturity at different periods? How is this yield curve calculated?
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how come I also only see 7 appendix too? is this still relevant?
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why do we have to specifically emphasize "non-cat" reinsurance, is it correct to change the answer to: when including reinsurance must consider 'per event' limits and other events that may exhaust coverage?
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is it possible for the LC to increase at subsequent adjustments if the assumptions deteriorate?
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Hi, How is this related to another BC please: Briefly describe the steps in calculating the Loss Component under PAA within IFRS 17 • Add FCF (Calculated as follows) 1) Determine the UPR (Unearned Premium Reserve). 2) Estimate future cl…