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IEE: Calculation of TIA & FAIT

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Calculate TIA (Total Investable Assets) & FAIT (Funds Attributable to Insurance Transactions)

  current score:
0.000

TIA (Total Investable Assets)
FAIT (Funds Attributable to Insurance Transactions)
all lines notation prior CY current CY
policyholders' surplus S
    net loss & LAE reserve L + LAE
    net UEP reserve UEP
    net EP NEP
    ceded reinsurance premiums payable re
    agents' balances AB
PrePaid Expense Ratio (PPER)

TIA

=    m(L)    +    m(LAE)    +    m(UEP)    +    m(re)       m(AB)    +    m(S)   

FAIT

=    m(L)    +    m(LAE)    +    m(UEP)    +    m(re)       m(AB)    –    (PPE for UEP)

Note

When the formulas are written next to each other, the difference between them is obvious!

(PPE for UEP)

=    PPER    x    m(UEP)

PPER

=    (net acquisition expense)    /    NWP

Solution:
TIA (Total Investable Assets)
FAIT (Funds Attributable to Insurance Transactions)