lyee0331
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Hi, I have a question on this again. In Step 2a in the Excel solution, why is chg(UEP) the difference between WP2012 and EP2012? That just gets us UEPR for 2012. Is there no UEPR for 2011?
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For part a, how is the UEPR calculated? I think there could be a calculation error in the solution.
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Okay, finally understanding the Excel solution when I look at it again today with a clearer mind. Thanks for the explanation!
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Hi, in Graham's solution above... * For TBIL, shouldn't TBIL = Paid Loss - change(discount)? Why do we use IL instead of PL? * Why are we deducting U/W expense from TBEP? I was trying to understand the updated solution in the Excel workboo…
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Hello, for this question, I did not deduct Prepaid Expense Incurred from the pretax profit excl investment gain as I thought that it is already included in the Total Investment Gain calculation, why should we include this? Also, why should we only d…
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Hi, I have trouble understanding the Days Overdue part. What does "days overdue" mean and why are we counting # days between Jun 15 & Dec 31? I would think days overdue means the number of days between payment and accident date (May 1, 2014)
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Hi, I am still not understanding how to get the values for A: Range of Estimates for Reserve. How do we calculate 54,000 and 66,000 for net and gross?