adielsanchez
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Ok. That makes sense. Thank you.
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super. thanks guys!
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Ok. I think I see the issue, I misinterpreted "Loss & LAE IBNR" from the second bullet point as "Loss" & "LAE IBNR"; that is, that the IBNR only pertained to the LAE and that "Loss" included all losses.
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thank you! it's nice to know that there shouldn't be any other tricks they can pull on those two points.
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Maybe I got lucky, but here's how I made sense of this: * avg unpaid claim severity = (p2 - p3)/open counts * But p2 = p3 + case o/s + p4 * Numerator becomes: (p3 + case o/s + p4) - p3 = case o/s + p4 For case o/s, this is not changed due…
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Thanks for taking a look. I will keep this in mind going forward. I don't trust myself to not cheat on the CP problems (copy/pasting into excel while re-using the formulas) after getting the answer correct, LOL, so I try to stop once I get them corr…
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Ok. I see. I was missing the part about a "worst possible outcome" happening and how that relates to the MS + Res. thanks for clearing that up.
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I will use this to organize my notes and checklists. Thank you!
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Awesome. Thank you Graham!
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Thanks for clarifying. Looking at the balance sheet & income statement in Odomirok, the change is 0, so it is difficult to tell that the "surplus adjustment paid in" amt is the change from line 34 of the Liabilities exhibit. However, based…
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Thank you. I've been meaning to get more practice with the exam's version of excel. I logged on today, and it does appear to be there.