IRIS 4 Mini BattleQuiz Answer

edited September 2019 in NAIC.IRIS

The solution of IRIS 4 shows 4.2%, but I think the correct answer should be 4%.

The IRIS manual says all ratios should be rounded to the nearest percent, except for Investment Yield ratio which can be rounded to the 1/10 of percent.

Comments

  • Thanks for pointing that out. I have added a note about rounding to the IRIS ratios wiki. I also checked the examiner's reports and they do not usually round to the nearest percent, so I'm not sure I would do that on the exam unless you explain what you're doing. You would technically be correct, but the graders don't always have the correct answers themselves.

  • Thanks for the reply and the update on IRIS wiki!

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