I don't quite understand the concept of calculating AY 2015 1-year loss reserve development. My initial calculation is (Total unpaid loss as of Dec 31, 2016 excluding AY 2016 loss) - (Total losses u…

I noticed Funds Held are a liability item here on problem 2014 #15. Do all payable/collateral items go into liabilities if they were given? (i.e. Letters of Credit, Ceded balances payable, &

For the IRIS ratio 5 calc: 2-Yr Overall Operating Ratio = 2 Yr UW Loss Ratio + 2 Yr UW Expense Ratio - 2 Yr Investment Income Ratio

The examiner's report shows for part a) Slow Pay ratio =120/(180+37)... but I think they're missing a "25" in there from the Received 25 on January 1st.

of this? For example I noticed in Spring 2018 #15 accepted answers were

Hello,

If I understand correctly, for Fall 2015 #15 a, CUCG works, I don't need to use 35% for DTA?

Why does the result for part b. indicate that a 347% value for IRIS 2 as being usual? As I understand it, the usual range for IRIS 2 is <=300%. Thanks!

Why is "funds held by or deposited with reinsured companies" not listed as an asset?

I realized that for F2018 #15, as of 12/31/2017, we're going to go backwards throughout that year 2017, so December 25 is actually <90 days.

But on Exam F2018 #15, when calculating slow paying ratio, the numerator is simply 6, rather than 6+9 (if you include the unpaid on Dec 25th, which makes sense b/c all those greater than P(90, n).

Hello, BattleActs TA

In RBC BattleTable note 7, you validate that this problem is OK.

Part c) Identify one asset and three liability items on an insurance company's balance sheet that come directly from Schedule F.

All that to say, I think we need both paid and unpaid for 2015 to be able to calculate the one-year development in Fall 2017 #15, like a previous commenter said.

I wanted to confirm that in Spring 2016, #15, the loss amounts are net of S&S in schedule P, correct? So for that specific question, S&S treatment wouldn't have been different between

Just to clarify…I know Fall2018 #19c does NOT include salvage and subrogation but Spring2016 #15c does list it as a BS item. So is there an error in one of the exam notes?

It seems they are referencing the Web based Problem to Calculate the SAP Liabilities (BattleCard 31 in the Full BattleQuiz). This was modeled off of 2016 Spring #15. There are a few other threads als

Are you referring to 2014.Fall#15? There, Net UEP is included in liabilities in the solution. UEP is no an asset item.

mec06e, In the actual problem of Spring 2016 #15, they only give you one value of Unearned Premium and they put it in the "Balance Sheet" portion of the information given. Because it is a ba