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/reciprocal jurisdiction, mand/vol pools, U.S./non-U.S.
CCtotal
= (ceded commissions) + (ceded contingent commissions)
CWPtotal
= (CWP to affiliates) + (CWP to non-affiliates)
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
Solution:
| Ratio |
Value |
In Range? |
| IRIS 1 |
|
|
| IRIS 2 |
|
|
| IRIS 3 |
|
|
| IRIS 4 |
|
|
