Odomirok.20-IRIS - Revision history

Graham at 18:13, 28 November 2025

2025-11-28T18:13:51Z

2024-06-27T23:32:03Z

2024-06-27T23:31:36Z

2022-04-04T12:43:36Z

2022-04-04T12:37:20Z

2022-04-04T12:36:44Z

2022-04-04T12:35:45Z

2020-10-28T00:06:31Z

‎BattleTable

2019-06-14T14:16:15Z

‎In Plain English!

2019-06-14T14:15:47Z

‎In Plain English!

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 '''Author''': ''Kathleen C. Odomirok'', FCAS, MAAA, ''Liam M. McFarlane'', FCIA, FCAS, ''Gareth L. Kennedy'', ACAS, MAAA, ''Justin J. Brenden'', FCAS, MAAA, ''EY''
-[https://www.battleacts6us.ca/vanillaforum6us/categories/odomirok-20-iris<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://battleacts.discourse.group/c/candidates-6u/odomirok-20-iris<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>]
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-'''Reading''':  Financial Reporting Through the Lens of a Property/Casualty Actuary
+'''Reading''':  Financial Reporting Through the Lens of a Property/Casualty Actuary - '''Chapter 20''' - '''IRIS Ratios'''
 '''Author''': ''Kathleen C. Odomirok'', FCAS, MAAA, ''Liam M. McFarlane'', FCIA, FCAS, ''Gareth L. Kennedy'', ACAS, MAAA, ''Justin J. Brenden'', FCAS, MAAA, ''EY''
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 || '''BA Quick-Summary''': <span style="color: green;>'''IRIS Ratios'''</span>
-* The IRIS (Insurance Regulatory Information System) by the NAIC helps insurance regulators '''assess the financial health''' of insurance companies using a series of 13 financial ratios categorized into these groups:
+The IRIS (Insurance Regulatory Information System) by the NAIC helps insurance regulators '''assess the financial health''' of insurance companies using a series of 13 financial ratios categorized into these groups:
 * overall ratios

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 '''Author''': ''Kathleen C. Odomirok'', FCAS, MAAA, ''Liam M. McFarlane'', FCIA, FCAS, ''Gareth L. Kennedy'', ACAS, MAAA, ''Justin J. Brenden'', FCAS, MAAA, ''EY''
-&nbsp;&nbsp;[https://www.battleacts6us.ca/vanillaforum6us/categories/odomirok-20-iris<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/odomirok-20-iris<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>]
 ==Study Tip==

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 ==In Plain English!==
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 || <span style="color: red;">'''DELETION:'''</span> &nbsp; The most recent version of the Odomirok source text <u>no longer discusses</u> the "Analyst Team".
 |}
 Odomirok briefly discusses the <u>Analyst Team</u> of financial examiners from all 4 geographic regions of the U.S. They categorize companies into 3 levels according to their IRIS results and other solvency monitoring tools like RBC:

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 |-
-|| <span style="color: red;">'''DELETION:'''</span> &nbsp; The most recent version of the Odomirok source text no longer discusses the "Analyst Team".
+|| <span style="color: red;">'''DELETION:'''</span> &nbsp; The most recent version of the Odomirok source text <u>no longer discusses</u> the "Analyst Team".
 |}

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 '''Author''': ''Kathleen C. Odomirok'', FCAS, MAAA, ''Liam M. McFarlane'', FCIA, FCAS, ''Gareth L. Kennedy'', ACAS, MAAA, ''Justin J. Brenden'', FCAS, MAAA, ''EY''
 &nbsp;&nbsp;[https://www.battleacts6us.ca/vanillaforum6us/categories/odomirok-20-iris<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>]
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 ==Study Tip==
-You can completely skip reading this chapter but if you're too nervous to do that, use it for bedtime reading. It's only 3 pages and has no formulas. The formulas are discussed in detail in the other IRIS reading ''[[NAIC.IRIS]]''.
+Chapter 20 from Odomirok is a companion to [[NAIC.IRIS]], but Odomirok doesn't cover any of the IRIS formulas. Instead, it provides a more conceptual discussion of the IRIS ratios.
 ==BattleTable==

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 See ''[[NAIC.IRIS]]'' for relevant exam problems
-* ''this reading has not been tested on any exam from the year 2012 and subsequent''
+* ''this reading has not been tested on any exam from the year 2012 to Fall 2019 when the exams stopped being published.''
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← Older revision		Revision as of 14:16, 14 June 2019
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	That's it.		That's it.
		+
		+	[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=20-IRIS&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>

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 ==In Plain English!==
-Virtually everything you need to know about IRIS ratios is in the ''[[NAIC.IRIS]]''. The IRIS chapter in Odomirok is very short and has only 1 thing that doesn't seem to be in the NAIC reading. Odomirok briefly discusses the <u>Analyst Team</u> of financial examiners from all 4 geographic regions of the U.S. They categorize companies into 3 levels according to their IRIS results and other solvency monitoring tools like RBC:
+Virtually everything you need to know about IRIS ratios is in the ''[[NAIC.IRIS]]''. The IRIS chapter in Odomirok is very short and has only 1 thing that doesn't seem to be in the NAIC reading.
 : '''Level A''': ''requires immediate regulatory attention''
 : '''Level B''': ''shows adverse results but <u>doesn't</u> require immediate attention''
 : '''Reviewed''': ''no level assigned, and no regulatory attention required''.