sidkiriya
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Complex with OCI: "https://www.cia-ica.ca/publications/222159woe/" Simple without OCI: "https://www.cia-ica.ca/publications/222159be/".
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I believe, PAA eligibility is assessed at initial recognition of the group of contracts, so the GoCs already in PAA will continue to be PAA (assuming these legal facts & circumstances were not available when recognizing that group), so their PAA…
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Continuing Example shown in section 5.4.2: "Group of insurance contracts issued or a risk-attaching reinsurance contract issued". What will be the LRECC treatment at valuation date March 31, 2024 for the onerous contracts issued on June 30, 2023 …
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Question: "potentially creating an asset if the LIC and LRC combined for the portfolio is negative", so if in total LIC and LRC combined is negative then instead of showing a negative Insurance contract liability, we will show a positive Insurance c…
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Section 4.1 of the RI Issued and Help paper has this situation explained: "For example, on a proportional reinsurance contract issued with an effective date of January 1, it would be expected that the reinsurer receives the first bordereau16 in May …
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Could this paragraph's point on reflecting insured's behaviour to cancel a policy be in relation to reflect expectation of cancellations when considering premiums receivables ? So the CAS examples 17 as an example.
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Assuming acquisition cashflow of $500 paid at initial recognition and not expensed out in P&L directly. * Would that mean the PAA LRC be equal to 400-500 = -100, meaning the PAA LRC will be negative, is this correct ? * Then as of mid ye…
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The statement you mentioned is saying: if there is any GoC with PAA at initial recognition, for that GoC's expired portion at any subsequent measurement, if payment date of claims are expected to be within 12 months of the claim incurred date (which…
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Found the errors able to reconcile the csm with pdf now. Was not including interest accretion in the ending csm, also, changed the formula for interest accretion a bit.
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Thanks for confirming!
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Got it, Thanks!
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Hi @graham , I am guessing we need to leave the BA MSA.Ratios reading for now until you receive the study kit ? Also, the “MSA Report on Property & Casualty, Canada, 2019" in current content outline looks like an old report, has this changed …
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Oh, I am looking at page 374/450 of pdf: "https://www.casact.org/sites/default/files/2021-03/6C_CAS_Financial_Reporting.pdf"
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Thank you!
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Thanks! But, I was looking at this from Commutation example shown in Odomorik text page 374, since these are very similar concepts, application wise at least. There the labelling starts from 2019 onwards and not 2018, the label undiscounted future p…
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In the CAS sample questions 18, the FCF present value for LRC is calculated using (Avg time - (0.5 - Avg Acc date)). But, in the Duration excel file, App C Sheet 1 - LRC(onerous), row 35, PV is calculated using (Time) only, without adjusting for …
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Sorry not following: "Profit Commission = (0.66-0.63)*8M" would be equal to "240,000" and not "205920.8" that you noted, did you have any other adjustment in the formula ? In the formula you mentioned the 25% profit commission is not accounted for, …
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Sorry not following. ISR = TIR - ISE + NRE, so increasing NRE should increase ISR, right ? From 20.18 perspective, looking at Intact's roll forward as of 2023, it seems like the sign of Allocation of RI premium should be opposite of Amounts recov…