user1
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@NycxBattle do you know what is the reason for this formula in the battlecard under IFRS 17 -1 for PAA?
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How come premium receivable was not included in the PAA LRC excl LC part of the exhibit?
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For question 4's answer from above : 4) They are not taking the PV of DAC here. This is just to reflect that some of the DAC will not be realized due to cancellations, which means you have smaller expenses <- i don't understand why this step ne…
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to get profit and loss, the insurance service result would be reduced by other non directly attributable expenses. if there is a loss, then that would equal to the loss component, and the loss component would be added to PAA LRC excl LC to get the …
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Can you clarify why higher minimum rate the less risk transferred? Why does a forcing a minimum amount of premium to be ceded going to limit risk?
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Did the federal government require an insurance company to incorporate federally or for an insurance company to obtain a federal license?
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Thanks this is very clear. So based on your explanation, should the wiki say "a large portion of inherent value being paid out decreases liquidity" instead out increases?
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Can you expand on what exit value means and how that affects the liquidity of insurance contracts?
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Shouldn't the carrying amount at the start of the reporting period = 1200 as calculated at initial recognition? Like how it is done in excel sample question #7 from CAS?
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I thought there is no OCI in this question? Why to try to isolate for OCI as mentioned above? Or maybe I am not understanding what OCI is. I thought that there is already CI given, just need to subtract out the dividends. Also, what is the dif…
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Right before making a final decision, why should materiality be questioned again? if the event is not material, then the decision tree would not be used in the first place. So for the change in IL example, these changes are part of regular busines…
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One more follow up: Under the into, I see this And I see that LRC excl LC = UEP - prems receivable - DAC. You mentioned it is wrong above - Why is this formula wrong?
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Did you mean "You can simplify if your contract is NON onerous, but not if it is in fact onerous." ?
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In the comment in red "this formula for total LRC assumes LRC is calculated using PAA (answer may be differeent if GMA is used)" This comment would only pertain to non onerous contracts right? For onerous contracts, GMA LRC = PAA LRC.
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Is this statement "recognize a loss in the insurance service expense immediately for the net outflow for the onerous group" the same as recognizing the LC on the P&L statement? Also, if there is no LC ie non onerous, then nothing recognized o…
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Just to clarify, when you said "you would need your FCFs + RA" you mean future cash flows + risk adj which means fulfilment cash flows?