ychen612

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ychen612
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  • I realized that none of the loss-sharing practices sets industry losses over $100B. I imagined you would need more information like whether the single insurer loss is part of $100B aggregate losses. Then I started to wonder how does the govt determi…
    in TRIA Excel Practice Problem 2 Comment by ychen612 February 13
  • I was able to follow everything up to the last bullet point as my head was stuck with the TBI formula presented in the wiki that equals to TBEP + InvInc - TBIL and wondering where the heck is reducing taxable income by acquisition costs comes into p…
    in Revenue Offset Understanding Comment by ychen612 February 1
  • Yes, I got that part. In Cook wiki, it clearly says that for JUA and RF, there is no such "stigma" since drivers do not know. I am a bit unclear whether this "stigma" exists in the other 2 mechanisms for the WC residual market - JUA and reinsu…
    in Stigma of High Risks - WC vs Auto Comment by ychen612 January 23
  • Also, does the same concept applies to below? "funds held by or deposited w reinsured companies" is the collateral from company A (assuming reinsurer) held by insurer C. This is an asset to company A. "funds held by company under reinsurance t…
    in Reinsurance payable Comment by ychen612 October 2023
  • So on company A's balance sheet, "amounts recoverable from reinsurer" is the amount due to company A from reinsurer B on paid Loss and LAE "reinsurance payable" is the amount due to insurer C from company A (assuming reinsurer) on paid Loss an…
    in Reinsurance payable Comment by ychen612 October 2023
  • Gotcha. Thanks for the clarification. In Mr. Smith's SAO from Odomirok's source, under the SCOPE section, it states the data provider as follow. The concept of "officer" didn't really ring a bell to me till I worked on this problem. Anyways, I ag…
    in 2018.F.23 Comment by ychen612 October 2023
  • One of the accepted answers states that the data provider should be an officer of the company. Does that mean switching Joe Doe's title to "Vice President and Chief Actuary at Company A" would satisfy the requirement of a data provider?
    in 2018.F.23 Comment by ychen612 October 2023
  • Just to confirm, to calculate 1st year InvInc, we also use TBEP rather than EP? i.e. 1st yr InvInc = TBEP x i?
    in 2nd Year Inv Inc Comment by ychen612 September 2023