brb1213
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Okay, got it. Thanks!
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Thanks, but I'm still not getting it completely. There is an "AND" statement between the adverse development and the claim payment in the exam question so how is that adverse development comment covering both the case reserve and paid elements? …
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Hi - In working through part a.i) that asks us for the Incurred Net Loss & DCC from Schedule P, Part 2. Regarding the entry for CY 2012, I found myself calculating the Incurred Loss before any reinsurance applies as 900K+100K+400K=$1.4M. The pr…
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Regarding asset "Prepaid reinsurance premium," do reinsurance premiums in GAAP have to be prepaid? Are insurer's not able to pay their reinsurance premium on-time, and if so, which asset would that fall under?
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Okay, thanks! Not sure you answered my first question but I think it can be implied. So Direct Premium = Premium Gross of Ceded Reinsurance?
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Hi - Going back to the original question, is it safe to say that Direct Premium is the premium GROSS of CEDED reinsurance? Also I want to extrapolate a little, if we take that definition and these relationships: i) Gross= Net + Ceded ii) Gross…
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Graham or Staff, Please confirm if the following change is necessary from your post on 3/17/24. And I assume "change(discount)" = Change in Reserve Discount. Thanks! REPLACE 1) “change(discount)” is the difference of the reserve discount accor…
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Hi, in sticking with this same example of no more than 1 loss per coverage period as listed in the wiki, what would the primary and reinsurer portions of the loss look like if it was a $4M loss? I'm inclined to believe that the Primary portion wo…