I don't quite understand the concept of calculating AY 2015 1-year loss reserve development. My initial calculation is (Total unpaid loss as of Dec 31, 2016 excluding AY 2016 loss) - (Total losses u…

This is explained in "Schedule P Practice - Model 2017.Spring #13 (4 problems)", at the very end of the wiki article.

Can you explain the recoverables from Insurer BB? I'm having trouble understanding why there is a recoverable from the pooling arrangement/how that works, and why the calculation for recoverables is …

I do not understand for the Cost of Capital Approach why we take the average of C0 and C1 in the SAP_GAAP_1(v4) excel files - solutions. cells O27-V32.

Since "Federal income tax recoverable" was removed from the formula for non-invested assets, if we got that information on the exam, should we ignore it and only include the other 5 items:

but because #10 the values were given for calendar year, we didn't need the change in loss and lae, correct?

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, &

In the examiner's report for b, the answer for how to calculate goodwill is "Goodwill under SAP is purchase price less surplus of acquired entity. It is amortized over the time the acquiring com…

How is the pre-tax cost of capital used in the problem? The randomly generated Excel problems suggest we need it and would for the exam problem as well, but it doesn't look like it's used.

I've calculated the case incurred for CY using this formula: Reported losses (CY) - Reported losses (CY-1) where reported losses = Incurred losses - IBNR reserves. The result are the same as in exami…

* is total investment always the same as net investment gain?

10

10 of 2014S diverges from the "Calculating the RBC Charge" practice calc: only Non-Tabular discount is accounted for. How must we reconcile these two versions?

I would've assumed that the answers would be #1 allow states to regulate rates and #2 promote equitable rates would be acceptable answer under the notes but the answers under the quiz review and exami

If I put in an assumption that the "other expenses incurred" are included in the "Other income portion" not "UW income" portion, would I still lose points?

For the IRIS ratio 5 calc: 2-Yr Overall Operating Ratio = 2 Yr UW Loss Ratio + 2 Yr UW Expense Ratio - 2 Yr Investment Income Ratio

I think that a formula needs to be added to the BA information that is lacking for the given problem: (2012.Fall #17)

Why is A&O included in the final Net L&A ratio. I thought SCH P only included Loss and DCC from the readings. What am I missing here?

In this problem, despite payments being made at mid-year the durations in the sample answer are 1, 2 and 3. Yet, for 2015.Fall #19 a similar comment is made of payments being made mid-year and the du

The examiner's report shows for part a) Slow Pay ratio =120/(180+37)... but I think they're missing a "25" in there from the Received 25 on January 1st.