bic10001

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bic10001
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  • thanks for clarifying!
    in RBC R4 "C" Question Comment by bic10001 May 2021
  • Thanks Paul and Graham. So to use the Schedule P Part 2 from the Liberty Mutual's 2016 annual statement in the Schedule P section, would the company LDF be calculated as the sum of column 10 (ignoring row 11) divided by the sum of the diagonal (a…
    in RBC R4 "C" Question Comment by bic10001 May 2021
  • Thanks Graham! Just to clarify, the formula given in the RBC section is: R0 + sqrt(R1^2 + R2^2 + R3^2 + R4^2 + R5^2 + Rcat^2) + (operational risk) If we're not given any specific information, we should assume the charge for operational risk…
    in RBC Operational Risk Comment by bic10001 May 2021
  • Thank you both! Yes I believe it's just the set-up of this particular problem that gave me an issue but once I looked at it from the view of the reinsurer the numbers began to click. This was a good problem since it's different from the practice …
    in Fall 2018 Q15 Comment by bic10001 April 2021
  • okay after staring at this for a while - are all notations "reversed" since we're looking at this from the perspective of the reinsurer? so all "paid recoverable" notations actually correspond with the unpaid amounts due from the reinsurer since tho…
    in Fall 2018 Q15 Comment by bic10001 April 2021
  • Nevermind again - I think I am confusing "collected" vs. "earned" as being synonymous with each other when they're not
    in Fall 2019 Q11 Comment by bic10001 April 2021
  • Oh sorry I think I may know - it's because one is accounting for the excessive growth of reserves (r4) while the other is accounting for the excessive growth of written premium (r5)
    in Excess Growth Charge Comment by bic10001 April 2021