Zamisano1
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That makes so much sense thank you!!
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Is agents balances relevant since it doesn't say "Charged off"?
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By any chance could you please put the inputs to this problem using the coding from the BA text? i.e. T, Received, nP90, etcetera? I'm confused by the response above, is this problem different than any other normal reinsurance provision problem?
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So on Fall 2016 #26, we are only given that there is a 50% quota share with the reinsurer, and we are only given "Direct paid losses" and "Direct case and IBNR losses". If Direct + Assumed = Gross, and we are only given direct, why does the solut…
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I am still a bit confused on how to know you have gross and net of reinsurance losses when given "direct" and "assumed". I originally was under the impression that "direct" = net, and "direct & assumed" = gross, while "assumed" = amounts ceded …
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I noticed Funds Held are a liability item here on problem 2014 #15. Do all payable/collateral items go into liabilities if they were given? (i.e. Letters of Credit, Ceded balances payable, & Other amounts due to reinsurers)
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If this table applies to SAP, how should GAAP investments be valued? Do we need to know this? (Sorry if I missed this in the reading)