BK.Reins - Revision history

Graham at 15:44, 5 September 2021

2021-09-05T15:44:46Z

Graham: /* Intro */

2020-12-30T22:53:09Z

‎Intro

Graham: /* BattleTable */

2019-09-30T15:26:41Z

‎BattleTable

Graham: /* BattleTable */

2019-09-30T15:26:04Z

‎BattleTable

Graham: /* BattleTable */

2019-09-30T15:25:42Z

‎BattleTable

Graham: /* BattleTable */

2019-09-30T15:25:25Z

‎BattleTable

Graham: /* BattleTable */

2019-09-30T15:24:24Z

‎BattleTable

Graham: /* BattleTable */

2019-09-30T15:24:08Z

‎BattleTable

Graham: /* Study Tips */

2019-09-30T15:22:36Z

‎Study Tips

Graham: /* Examples 1,5,6 */

2019-06-22T16:17:20Z

‎Examples 1,5,6

← Older revision		Revision as of 15:44, 5 September 2021
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−	Blanchard & ~~Klein~~ covers the mathematics of reinsurance, specifically, the impact on the ceding company's financial statements and key financial metrics.	+	Blanchard & Klann covers the mathematics of reinsurance, specifically, the impact on the ceding company's financial statements and key financial metrics.

	[https://www.battleacts6us.ca/vanillaforum6us/categories/bk-reins<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]		[https://www.battleacts6us.ca/vanillaforum6us/categories/bk-reins<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]

@@ Line 54: / Line 54: @@
 :: '''other financial statistics''': leverage ratios ''(premium-to-surplus, reserves-to-surplus)''
-One strategy for studying this paper is to go through each of the 5 spreadsheets to understand on a detailed level the impact of reinsurance on the various quantities. ''(The 6<sup>th</sup> example does not provide a spreadsheet.)'' But given that this is not a high-ranked paper, that would be a lower priority than the [[Frei.RskTrans]] paper. If you were asked to perform the types of calculations in these exhibits, you could probably make an educated guess based on common sense and get decent partial credit.
+One strategy for studying this paper is to go through each of the 5 spreadsheets to understand on a detailed level the impact of reinsurance on the various quantities. ''(The 6<sup>th</sup> example does not provide a spreadsheet.)'' But given that this is not a high-ranked paper, that would be a lower priority than the [[Freihaut.Reins]] paper. If you were asked to perform the types of calculations in these exhibits, you could probably make an educated guess based on common sense and get decent partial credit.
 In the '''''next''''' sections we'll take a quick look at the following calculation problems, but for now, just make sure you know <span style="color: red;">'''cat-SWIGS'''</span> or the 6 functions of reinsurance.

@@ Line 11: / Line 11: @@
 Based on past exams, the '''main things''' you need to know ''(in rough order of importance)'' are:
-* 6 benefits of reinsurance
+* 6 <u>benefits</u> of reinsurance [Hint: <span style="color: red;">'''cat-SWIGS'''</span>]
 : {| class="wikitable" style="width: 1000px;"

@@ Line 11: / Line 11: @@
 Based on past exams, the '''main things''' you need to know ''(in rough order of importance)'' are:
-* 6 functions of reinsurance
+* 6 benefits of reinsurance
 : {| class="wikitable" style="width: 1000px;"

@@ Line 20: / Line 20: @@
 | [https://www.battleacts6us.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(27).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2018.Spring #27)'''</span>
 || '''reinsurance benefits''': <br> - use B/S & I/S
 | style="background-color: lightgrey" |
 | style="background-color: lightgrey" |

@@ Line 9: / Line 9: @@
 ==BattleTable==
-* functions of reinsurance
+Based on past exams, the '''main things''' you need to know ''(in rough order of importance)'' are:
 : {| class="wikitable" style="width: 1000px;"
 |-
-! style="width: 175px;" | reference !! part (a) !! part (b) !! part (c) !! part (d)
+! style="width: 175px;" | reference !! style="width: 175px;" | part (a) !! style="width: 175px;" | part (b) !! style="width: 175px;" | part (c) !! part (d)
 |-

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 ==Study Tips==
-This reading has been on the syllabus for a long time but it has never appeared on the exam, at least as far back as 2012. The only reason I can think of is that there are already 5 other readings on the topic of reinsurance: ''[[Klann.ReinsComm]]'', ''[[Odomirok.14-F]]'', ''[[Freihaut.Reins]]'', ''[[NAIC.SSAP-62R]]'' and ''[[FASB.944]]''. They are color-coded <span style="background-color: orange; border-radius: 2px;">&nbsp;'''orange'''&nbsp;</span> on the ''[[BattleBriefings]]'' page. The first 3 are heavily tested and there may not be room for any further questions on reinsurance. Of course then you have to wonder why it's on the syllabus at all. Anyway, this reading is also on the Canadian Exam-6 so I've included references to problems that have appeared on the Canadian exam. But unless you have already covered everything else really well, I don't recommend spending a lot of time on Blanchard. Just make sure you learn <span style="color: red;">'''cat-SWIGS'''</span> though.
+This reading has been on the syllabus for a long time but rarely never appears on the exam. The only reason I can think of is that there are already 5 other readings on the topic of reinsurance: ''[[Klann.ReinsComm]]'', ''[[Odomirok.14-F]]'', ''[[Freihaut.Reins]]'', ''[[NAIC.SSAP-62R]]'' and ''[[FASB.944]]''. They are color-coded <span style="background-color: orange; border-radius: 2px;">&nbsp;'''orange'''&nbsp;</span> on the ''[[BattleBriefings]]'' page. The first 3 are heavily tested and there may not be room for any further questions on reinsurance. Of course then you have to wonder why it's on the syllabus at all. Anyway, this reading is also on the Canadian Exam-6 so I've included references to problems that have appeared on the Canadian exam. But unless you have already covered everything else really well, I don't recommend spending a lot of time on Blanchard. Just make sure you learn <span style="color: red;">'''cat-SWIGS'''</span> though.
 ==BattleTable==

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 ===Examples 1,5,6===
-Since this is a low-ranked reading, I didn't want to clutter the wiki these remaining examples. They are fairly repetitive so if you understand examples 2,3,4 then you could probably figure out 1,5,6. If you've finished studying everything else, you can come back to these.
+Since this is a low-ranked reading, I didn't want to clutter the wiki with these remaining examples. They are fairly repetitive so if you understand examples 2,3,4 then you could probably figure out 1,5,6 without having specifically studied them ''(or at the very least take a good educated guess.)'' If you've finished studying everything else, you can come back to these.
 [https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=BK&suffix=Reins&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>