danwang0509
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I am confused with this problem and Spring 2016 #26. Should we subtract premium for 10-10 method?
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IEE.IG2 TIA(H) = m(L-H)+m(LAE-H)+m(UEP-H)+m(S-H)-m(AB-H) m(S-H) = SR * (m(L-H)+m(LAE-H)+m(UEP-H)+NEP-H(CY) m(S-H) here is the Home surplus allocation for current year, not the mean surplus.
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I should be more clear on my question: When we calculate TIA for specific LOB, do we use mean surplus or the current year surplus allocation for that LOB? It looks like IEE.IG1 is using mean surplus, and IEE.IG2 is using the surplus allocation for…
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Excel practice problem IEE.IG1: In TIA calculation, m(S) is the mean of prior and current year surplus. Excel practice problem IEE.IG2: In TIA(H) calculation, m(S-H) is the Home current year surplus allocation. Do we always use surplus allocat…
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Okay, I missed an important information, "reinsurer reserves its portion of the book as the same level of the insurer", so reinsuer gross (case+IBNR) = 0.5 * primary ceded (case+IBNR). Thank you!
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Thanks!
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Great, thank you!
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I understand that primary ceded undiscounted reserve and reinsurer assumed undiscounted reserve could be the same, but they don't have to. In this problem, we use discounted reserves, and primary ceded = reinsurer assumed = 2.0. Do they just happen …
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That is a good point. Thanks!!