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Search: Posts Made By: Hiu
Forum: Property - Casualty / General Insurance 12-16-2015, 04:46 AM
Replies: 6
Views: 1,590
Posted By Hiu
About a kind of Pareto model

I am reading an old book "Foundations of Casualty Actuarial
Science (Fourth Edition)" by the CAS published in 2001, in order to learn some reinsruance pricing approaches.

In Chapter 7...
Forum: Property - Casualty / General Insurance 12-12-2014, 07:09 AM
Replies: 9
Views: 1,650
Posted By Hiu
Another one on the website of Australian...

Another one on the website of Australian Actuaries' Institute.

http://www.actuaries.asn.au/Library/Events/Insights/2014/LiInsurance.pdf
Forum: CAS Exams - General 12-21-2012, 06:16 AM
Replies: 1
Views: 1,308
Posted By Hiu
I just passed Exam 6 this fall which was the last...

I just passed Exam 6 this fall which was the last stone on my way to FCAS. I am also wondering how many certificates I would be able to get. I hope both could reach me.
Forum: Exam 6 US - Regulation and Financial Reporting 10-23-2012, 09:38 PM
Replies: 11
Views: 1,342
Posted By Hiu
I think a good example is the aggregate...

I think a good example is the aggregate excess-of-loss policy (or called Stop Loss policy by someone else).

You will have to pay to the insured the amount of (Agg Losses - Deductible) on the...
Forum: Exam 6 US - Regulation and Financial Reporting 10-23-2012, 05:25 AM
Replies: 6
AAO
Views: 690
Posted By Hiu
We are still using it. But the form is: ...

We are still using it. But the form is:

ULAE=Paid-to-paid Ratio*(0.5*Case Res+IBNR),

which is the same as you said ULAE=0.5*Paid-to-paid Ratio*(Case Res+IBNR+IBNR).
Forum: Exam 6 US - Regulation and Financial Reporting 10-23-2012, 04:35 AM
Replies: 0
Views: 412
Posted By Hiu
Prac Q on Balance Sheet

A practice question on Balance Sheet.

If you can follow it, I think you must have mastered "significant all" of the key points about GAAp and SAP, especially on some key annoying acctg matters.
Forum: Exam 6 US - Regulation and Financial Reporting 10-23-2012, 02:08 AM
Replies: 7
Views: 934
Posted By Hiu
Last sitting a question was asked about this...

Last sitting a question was asked about this point. CAS accepted both answers.

But it seems that the one based on FAS 113 is wrong. It recorded the PV of Retro Reins Loss Res ($800) as an asset,...
Forum: Exam 6 US - Regulation and Financial Reporting 10-23-2012, 02:03 AM
Replies: 7
Views: 934
Posted By Hiu
Blanchard and FAS 113 have different treatments...

Blanchard and FAS 113 have different treatments with this point.

Blanchard's solution is reducing the Gross Loss Reserves by 100 and the Cash decreasing by 100. No GAAP Equity gain from the...
Forum: Exam 6 US - Regulation and Financial Reporting 10-23-2012, 01:44 AM
Replies: 4
Views: 573
Posted By Hiu
Good question. And my answer is in my practice...

Good question. And my answer is in my practice question : )
Forum: Exam 6 US - Regulation and Financial Reporting 10-23-2012, 12:45 AM
Replies: 4
Views: 923
Posted By Hiu
I know the solution of this practice question are...

I know the solution of this practice question are not following the example in Blanchard's paper. But to be honest, I do not agree on Blanchard's results in Exhibit 4.

Attched please find my...
Forum: Exam 6 US - Regulation and Financial Reporting 10-22-2012, 11:33 PM
Replies: 4
Views: 573
Posted By Hiu
Practice Q on Sch F PFR

The calculation on PFR in Sch.F seems easy, but I think it is not a simple work to master it at all. Some model solutions on past exams are full of misleading, and hope the practice question could...
Forum: Exam 6 US - Regulation and Financial Reporting 10-22-2012, 11:28 PM
Replies: 2
Views: 564
Posted By Hiu
I think this kind of questions are very hard to...

I think this kind of questions are very hard to answer.

Last year they asked whether the Unemployment Insurance rates charged are actuarially sound, and the answer said that they are actuarially...
Forum: Exam 6 US - Regulation and Financial Reporting 10-22-2012, 10:39 PM
Replies: 0
Views: 449
Posted By Hiu
Prac Q on Risk Transfer Test

A practice question based on Freihaut &Vendetti's paper. Last sitting there was a calculation question about ERD. It's anticipated that it will still be appearing this sitting.

The appendix of the...
Forum: Exam 6 US - Regulation and Financial Reporting 10-18-2012, 07:29 AM
Replies: 4
Views: 923
Posted By Hiu
None holds interest in it? Too surprised...

None holds interest in it? Too surprised...
Forum: Exam 6 US - Regulation and Financial Reporting 10-18-2012, 07:28 AM
Replies: 10
Views: 1,059
Posted By Hiu
Hiu's Practice Questions on Taxes & Investments

A practice question that makes you understand the taxes and investment strategy more deeply. ATI=AMTI is not always the king.
Forum: Exam 6 US - Regulation and Financial Reporting 10-16-2012, 09:54 PM
Replies: 3
Views: 798
Posted By Hiu
It is a reason that P/C loss reserves are...

It is a reason that P/C loss reserves are inflation sensitive. But I think in that portion Mr.Feldblum means like this:
The loss reserves in IRS are discounted, for example, from $90M at the...
Forum: Exam 6 US - Regulation and Financial Reporting 10-16-2012, 09:44 PM
Replies: 4
Views: 660
Posted By Hiu
Good question. Sch.F Part 3 uses a different...

Good question.

Sch.F Part 3 uses a different definition of Reinsurance Recoverables from that in AS pg 2.

You can suppose that Sch.F Pt 3 uses the GAAP's definition of Reins Recover. SAP...
Forum: Exam 6 US - Regulation and Financial Reporting 10-16-2012, 09:37 PM
Replies: 4
Views: 1,468
Posted By Hiu
Agreed with kleinehase's solution.

Agreed with kleinehase's solution.
Forum: Exam 6 US - Regulation and Financial Reporting 10-15-2012, 11:15 PM
Replies: 9
Views: 1,540
Posted By Hiu
I read a paper by Blanchard entiled "Acctg...

I read a paper by Blanchard entiled "Acctg Concepts for the Actuary" when taking the old Exam 6 (Resvg). It told me,

"In some accounting paradigms, the amounts billed and due as a result of ceded...
Forum: Exam 6 US - Regulation and Financial Reporting 10-14-2012, 10:07 PM
Replies: 4
Views: 923
Posted By Hiu
Reinsurance Acctg Practice Question

Attached please find a practice question on Reinsruance accounting made by myself.

Any comments will be appreciated : )
Forum: Exam 6 US - Regulation and Financial Reporting 10-11-2012, 05:43 AM
Replies: 18
Views: 1,540
Posted By Hiu
If the goodwill is negative, it will not appear...

If the goodwill is negative, it will not appear in the BS as it directly goes as a loss in the IS, not amortized.
Forum: Exam 6 US - Regulation and Financial Reporting 10-10-2012, 08:40 PM
Replies: 9
Views: 1,540
Posted By Hiu
Accurately speaking, I think the reinsruance...

Accurately speaking, I think the reinsruance recoverables on paid losses should be called "receivables" and those on unpaid losses are called "recoverables".
Forum: Exam 6 US - Regulation and Financial Reporting 10-10-2012, 04:24 AM
Replies: 9
Views: 1,540
Posted By Hiu
The wording of this question is really bad I...

The wording of this question is really bad I think. It took me much time to grasp it. Here you paid $10M to the insured and your reinsurer should have paid you $7.5M but only paid $3M to you by now....
Forum: Exam 6 US - Regulation and Financial Reporting 10-10-2012, 03:45 AM
Replies: 4
Views: 1,353
Posted By Hiu
2008 Q38? The last question number in 2008 exam...

2008 Q38? The last question number in 2008 exam is 37. You must refer to Q28.

Well, in this question, the loss reserve is from Annual Statement (I think it refers to pg.3 Liab & PHS). In pg.3, the...
Forum: Exam 6 US - Regulation and Financial Reporting 10-10-2012, 03:41 AM
Replies: 4
Views: 1,353
Posted By Hiu
The loss reserve in Sch.P part 1 is net of Tab...

The loss reserve in Sch.P part 1 is net of Tab Disc but gross of Non-tab Disc. So when using the data from Sch.P Pt 1 to deduce the Undiscounted reserve, you needn't add back the Non-Tab Disc.
Showing results 1 to 25 of 193

 

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