marodriguez
About
- Username
- marodriguez
- Joined
- Visits
- 182
- Last Active
- Roles
- Member
Comments
-
Hi Graham, are the 2 new readings you're referring to here (last fall) the Cole-nuclear and hurricane readings? Or are there another 2 from last fall that they added as well? Thanks.
-
I understand that one-year development is not CY (current-year) incurred. But there's a term in the formula subtracting development from Prior year which sounds like the 66=one year development in this case... I'll call method i) "one-year developm…
-
For Iris 11, why not just subtract the Loss & DCC reseves they give (125000-103000=12,500)? Are these possibly Gross of Reins and we need the NET reserves? Thanks
-
for part c). Can you point me a wiki with more detail on Notes to financial statements no. 23?
-
For part c... why isn't surplus aid subtracted out of PHS for IRIS 11? Thanks.
-
I don't understand the solution for part a. It seems like it should be that 30% of Ceded Premium=Ceded Commissions... so that means 0.3=(Ceded Comm)/(Ceded Prem) and then UEP=220-120=100. So why not Surplus Aid=0.3*100=30? It's not clear to me from…
-
Which dates do we compare to figure out if its been over 90 days? What make sense to me is compare the Payment date (insurer to claimant) to the Payment date (reinsurer to insurer) to see if that difference is over 90 days. Or do we compare Accident…
-
Well. I see two exhibits at the bottom right that the IEE is compared to. One is the U/W & Investment Exhibit, the other is Exhibit of Prem & Losses? Do I ignore the Prem & Loss exhibit stuff? Thanks
-
This question is a bit loaded since I'm fuzzy on a lot regarding SAP vs. GAAP: I) I'm not clear on WHERE in the Annual Statement each of these differences listed in the table above (and the cheat sheet) are referring to. For example, the first it…
-
For the steps to compute the ACC: gather, sort, truncate, sum, and multiply. I don't understand what the "sort" is based on. I see in the sample problem for R1 they are already sorted but I see bonds of "$0" value sorted to rank 3 and then "$10,700"…
-
Also in part b) it seems like they are assuming the Asset Concentration (ACC) term is 0 for R2 (and R1). How do we know this? Is it the bullent point that "Of the insurer's top10 largest equity investments, none are in class 06"?.. if so I'm not sur…
-
Picking up off of "Staff-AC's" last comment: "But additionally in GAAP, an asset is set up for the deferred portion of AC..." What is this asset you speak of? Is is some sort of annuity? Or is it the PDR? Also, this is all referring to how thi…
-
i) I think a concise formula could be PDR=-min(Revenue-Costs,0) where cost includes DAC under GAAP and excludes DAC under SAP. Correct? ii)I think I understand the formula and the mechanics of how to calculate PDR under both GAAP and SAP. But …
-
Similar to Jasonchw's last question...will we be expected to memorize the individual RBC factors for each asset value subject to basic charge? Or will these always be given on the exam... For example, memorize cash & eq. has RBC factor of 0.003…