wilsonchan18
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I see, Many thanks Graham. Clear enough
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Thank You so much Graham for the clarification. Now I know, so it is basically L/R related, like a Sliding Scale.
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oh, then I know what it means. Cause I thought the PR formula is only valid for RSP and will be different for FARM. So you are basically saying that the Formula for PR works for All Risk Sharing Mechanism (i.e. FARM, RSP and UAF). So by class, th…
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Hi Graham, Can you please elaborate more regarding the FARM PPA (Non-Fleet, Non-Pool)? From what I understand it should be Normal Private Passenger with really Bad Risks (e.g. lot of accidents), and it should not be commercial like Taxi since it…
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Hi Graham. No worries I am just trying my best to slay the best! Thanks for revising
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Thanks for the advice Graham!
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Oh, I am so sorry I am even more lost after reading the material. Time Value for Excess Ratio I can sort of understand when being asked the 2 ways of accounting time value of money in calculating excess ratio: 1. Explicitly calculate investment…
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Okay, Thanks Graham, so I will stick to use the less Bond Yield for discounting then
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Hi, Sorry, I have a question here, I can get part a and part b correct with NEP=220K, Net Incurred Claim with Adjustment Expense=145K, and Operating Expense=58K. Then I calculate the Pre-Tax Income=220K-145K-58K+14K+4.5K+0.5K+0.8K=36800, where…
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Thank You Graham for taking this action point. I will wait for your updates and as at now I will just memorize this formula then By the way, before knowing this formula I was thinking to apply the 2.34% (the one calculated from BV) Weighted Yiel…
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Thank you Graham! I can see your point. Good to know its no longer on the syllabus. But your explanation perfectly make sense for the use of BV and MV as well. And yes, maybe the "regulators" just want Prudency when prescribing using Risk Free rate …
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Hi Graham, thank you for your quick and detailed answer. So if we ae talking in change perspective, we should rewrite the formula Column (10)=(02+07+09)-(03+08)=(deferred at beginning + net + unearned at end) - (unearned at beginning + deferred a…
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Thank you Graham. I just noticed that.
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Hi, after looking at the explanation above, I am trying to explain myself why the Unearned Commission is different form Unearned Premium Reserve (UPR). UPR is a liability, but when we calculating the Earned Premium, we actually calculate the UPR Mov…
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Hi I have one question here. Why that we do not need to calculate the 2013 Investment Income in this part b)? I suppose the yield should have earned some income on Avg(0, 1250). I understand when calculating other Excess Ratio we don't take in…