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IRIS: Overall Ratios (1,2,3,4)

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Calculate IRIS ratios 1-4 and state (y/n) whether each is within its usual range.

  current score:
0.000

Ratio Value1 In Range? (y/n)
IRIS 1
IRIS 2
IRIS 3
IRIS 4
1 If your answer is 512.4% then enter either:
  • 512.4%
  • 512.4 (omit percent sign)
   Do not enter in the format 5.124.
Item CY CY - 1
GWP (Gross Written Premium) ---- ----
NWP (Net Written Premium) ---- ----
CWP (Ceded WP) to affiliates ---- ----
CWP (Ceded WP) to non-affiliates ---- ----
Ceded Commissions ---- ----
Ceded Contingent Commissions ---- ----
Ceded UEPR to non-affiliates ---- ----
Surplus ---- ----


IRIS 1

= GWP / surplus

IRIS 2

= NWP / surplus

IRIS 3

= change(NWP) / (prior year NWP)

IRIS 4

= (surplus aid) / surplus

surplus aid

= CUEPRnon-affiliates x CCtotal / CWPtotal

where
CUEPRnon-affiliates
= (ceded UEPR to non-affiliates)
   includes auth/unauth/certified, mand/vol pools, U.S./non-U.S.

CCtotal
= (ceded commissions) + (ceded contingent commissions)

CWPtotal
= (CWP to affiliates) + (CWP to non-affiliates)

Unusual Range


IRIS 1
≥ 900%

IRIS 2
≥ 300%

IRIS 3
outside of (-33%, 33%)

IRIS 4
≥ 15%    → if unusual, must recalc IRIS 1,2,7,10,13 with surplus aid removed from surplus (thx LK!)

Solution:
Ratio Value In Range?
IRIS 1
IRIS 2
IRIS 3
IRIS 4
surplus aid