Fall 2014 Q 21

In part c, what is the reason for the general disclosures regarding pools not being accepted? I would guess that they are not accepted because they are looking for disclosures that are required specifically because it's work of others, but that doesn't seem likely.

Comments

  • I meant not likely based on other answers that did get accepted.

  • I suspect that general pool information wasn't accepted because that information by itself doesn't relate directly to the opinion. For example, just giving the pooling percentages wouldn't tell you anything about the validity of the reserving methods or adequacy of the reserves. The pooling percentages may be part of such calculations, but by themselves don't tell you anything that helps you understand and have confidence in the overall opinion.

    (I don't think the reason for not accepting general pool information has anything to do with "work of others" in this case.)

  • OK, makes sense

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