slockson
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Hi Graham, is it fair to say that "Vicarious Liability" is a problem because J&S liability exists? I'm not sure I can think of any Vicarious liability examples which does NOT involve J&S.
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Great, thank you for your thoughts!
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No worries!
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Great, thanks Graham!
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Ok I see, I think that makes sense. Thanks for taking the time to reply!
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Hi Graham, thanks for the detailed response. I still don't understand the calculation for unknown A and B. In the CCIR.ARInstructions, we do NOT calculate investment income for the first CY of an AY. In this question, for AY 2013, we calculate…
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One more question, reinvestment risk is lower for Strategy A because the yields on the bonds is higher right?
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I have a follow up question for Part(b) of this problem. One of the reasons for choosing Strategy A is "Lower liabilities due to higher yields". I'm not sure I understand the connection between yield and level of liabilities. Is it not possible to h…
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Hi Graham, is it fair to say that a company is better off sharing its bad risk for the following 2 reasons: * Bad risks are shared with other members. * Ceded bad risks LOWERs Participation Ratios, hence being a good thing since the insurer is…
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That makes a lot of sense, thank you!
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Hi Graham, I have a follow up question this problem. It was my understanding that we need APV(UCAE & IBNR) to calculate the total investment income from insurance operations. However in the solution, it seems that we are just using UCAE an…
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Hi Graham, I am a little bit confused by the wording of the question. I think that I interpreted "for year 2012" as both accident year 2011 and 2012. Is it fair to assume that: "for year 2012" = "for ACCIDENT year 2012"?