lovehuayu

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lovehuayu
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  • For agent balance here, why it is not added in Other Income? Since other income = agent's balance charged off + service fee + aggregate write-in. For pre-tax profit will not have agent balance part??
    in spring 2015 #13 Comment by lovehuayu April 2023
  • For Retroactive reinsurance, you mentioned above "The reinsurer establishes reserves to ...". I assume this reserve is not the "regular" reserve, right? It should be non-reserve liability, right? How to record the premium payment the reinsurer recei…
    in Section thought process Comment by lovehuayu March 2023
  • I guess there should be one assumption in this problem that the schedule P has only 4 rows. So, we should combine the old previous row and 2013 to the new previous row in order to maintain 4 rows for 2015 Schedule P. Am I right? This is the same sit…
    in Spring 2016 #12 Comment by lovehuayu March 2023
  • Thanks. I understood now. In SAAP-62R it mentioned "Reinsurance Acct allows losses to flow through income, so taxable income is reduced". Then I could understand the income is reduced, and ignore that "taxable", right?
    in "non-taxable income vs taxable income" Comment by lovehuayu February 2023
  • still have trouble to understand "2013 is stated as zero": Why top left corner will be zero on part 3. please explain.
    in Schedule P - Priors Comment by lovehuayu February 2023
  • Besides, I read your comment on April 4th and it mentioned RBC R4 charge change. Could you explain a little bit more how this charge change? Base RBC change or LCF change? Thanks.
    in Deposit Accounting Comment by lovehuayu September 2022
  • From one battlecard on "advantage of reinsurance accounting over deposit accounting for the ceding company", it mentioned that reinsurance accounting provides relief to the ceding insurer by reducing net loss reserve. I have two questions here: 1. t…
    in Deposit Accounting Comment by lovehuayu September 2022
  • Gotcha! Making sense for me that reserve0 grows to reserve1 + (paid1-paid0) after 1 year. Then the adverse development is the difference between these two parts. Thanks very much.
    in Fall 2017 #15 Comment by lovehuayu April 2022
  • Thanks for your long explanation on Part C. I understood how the original reserves developed over that time. BUT when I checked on Fall 2018 # 17, 1 year loss reserve development is calculated by the difference between incurred loss in Schedule Part…
    in Fall 2017 #15 Comment by lovehuayu April 2022
  • Thanks! Gross Paid Loss will be only in Schedule P Part 1, right?
    in Schedule P - part 3 Cumulative Paid Loss Comment by lovehuayu April 2022
  • For 2016 Spring 13a, the average unpaid claim severity is the same meaning for average case outstanding? I think unpaid should be P2-P3. BUT the solution is P2-P3-P4.
    in Part 2 - Part 4 vs. Part 2 - Part 3 - Part 4 Comment by lovehuayu March 2022