Comadiroma

About

Username
Comadiroma
Joined
Visits
93
Last Active
Roles
Member

Comments

  • Is there a list of the analyses they have in the examiners report somewhere that you were meant to pull from for this question? It seemed pretty open to interpretation otherwise. My answers for this were: * IRIS 11 and 12 have been deteriorat…
  • For part e of this question is there a reason that the 5 year historical exhibit is included but no other financials like Schedule P or Schedule F are included? When I was doing this practice problem I put schedule P with the limitation of it only …
  • *slaps forhead That makes more sense. Thanks
  • Is there somewhere that explains why the "fixed ceding commissions" ratio of 15% is being applied to gross losses? My instinct was that it should be applied to premium like agents' commissions, but I'm even more confused that it's being applied to …
  • For the PDR I find it easy to remember the calculations, but my big problem was forgetting which ones went with which (GAAP or SAP). My memory trick ended up being "SAP is simple", it doesn't subtract DAC for the Prem Deficiency like GAAP does and …
  • Possibly dumb question here but in the solution posted above, why does TBEP have U/W expenses subtracted out? The formula in the Wiki for TBEP is just TBEP = EP + 20% * chg(UEP). Am I missing something that indicates when we need to remove UW ex…
  • Is there a reason that Investment expenses are not subtracted out in the solution to this question? The Net Investment Income formula in the wiki is: = (investment revenue) – (investment expenses) – (non-federal TLF) I recognize that taxes are …
  • That makes sense. Thank you for the response!
  • For this question, part b, the examiners report says that reasonable should be the given opinion in Exhibit B since the net reserves are reasonable and they are the more applicable estimate when dealing with reality (more or less). My question is…
  • because it is adding the given 100 to surplus(last year) I see, that makes sense now. Thanks!
  • So I think I understand everything that you're saying about the change being last year - this year, but I feel I must be missing something because it seems like you mean to say that Sample 2 is the one in line with this? Both sample answers are u…
  • Reviewing this question currently and I have some confusion (maybe). I might just be dumb here but the solution for part b in the examiners report has 2 sample solutions that seem at odds with each other and I'm not sure how to make sense of it: …
  • I was borrowing the "social stigma" piece from the Cook reading (the wiki says that a downside to ARPs is that the insured knows they are in the residual market and that there could be a stigma attached to that). The words "social" and "stigma" don…
  • I like this way of arranging the terms, I'm definitely using this set up. Thanks!
  • Small tweak that just works a bit better for me, putting it here for anyone else it may help: R2 Equity R4 Reserves R5 NWP RCat R3 Credit R1 Fixed Income 2 Everyone 4 Reads 5 New Category (but) 3 Can't 1 Figure It (out)
  • I'm personally thinking of using "FEC RON'S CAT" for anyone that might want another option FEC = Fixed income, equity, and credit = R1 - R3 R = Reserve Risk = R4 O = Operational Risk N = NWP = R5 S = Subsidiary/Misc = R0 Cat = Catastrophe = …
  • Does this mean that if you're asked to identify 3 levels of regulatory action that you could use these 2 lists interchangeably? For example would both "Regulatory Action level" and "Mandatory Action level" be accepted answers or is there something …