akivalevy01
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More on the 50% General Expense: I am comparing Fall 2012 Q17 to Fall 2018 Q16. Both questions state that they are providing data from the IEE. Both questions provide General Expense Incurred. The former question asks for the IEE profit, and u…
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For he wiki example, where ABC Insurer suffers $250M in loss, we're forced to assume (by the way the solution is presented) that the loss was all in Commercial Prop and WC. I could imagine an exam giving a chart of LOB, EP, and Loss (ie - adding …
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Hi! That bullet point comes from the source text page 14, Section 5, second paragraph.
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yep, exactly what I was looking for; thank you! (The column header is "Status" and in that column, these problems have a pencil followed by a 1-2-3)
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Apologies, I see a wiki update on this point, Fall 2022.
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I recently got the 2024 Study Kit. There's no chart of Branded Risks. The Study Kit covers the IRIS Manual pages 5 - 25. I could imagine that the chart is on a different page -- which infers we aren't responsible for it.
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I respectfully disagree with all this talk about a minimum QS threshhold. Neither Freihaut nor SSAP 62R mention a minimum. Freihaut 2.1, and SSAP 62R paragraphs 13 a. and 19, talk about the "reinsured portion". So long as insurance risk is ful…
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Yep, thank you. When this stuff settles in, I won't go chasing down every number. I checked my company's 2023 Annual Statement, for reference. Those numbers did reconcile.
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Yes, true. My head is spinning from 2 weeks of Balance Sheet and Income Statement. When you're knee-deep, you can't tell a main idea from a rabbit hole. It'll sink in.
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Woah, OK. This exam means business. Thanks.
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And the Five Year Historical Data line 13 column 1 doesn't match with the Statement of Income line 8 column 1. If Ficticous Insurance Company keeps this up, it may get downgraded.
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that's great, thank you so much!
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OK, thank you.