AAA.UncollReins - Revision history

Graham at 21:53, 26 January 2026

2026-01-26T21:53:20Z

Graham at 19:20, 26 November 2025

2025-11-26T19:20:51Z

Graham at 02:22, 16 February 2025

2025-02-16T02:22:14Z

Graham: /* Study Tips */

2025-02-03T13:11:15Z

‎Study Tips

Graham: /* Pop Quiz */

2024-06-22T13:51:19Z

‎Pop Quiz

Graham at 21:05, 14 June 2024

2024-06-14T21:05:33Z

Graham at 20:36, 12 June 2024

2024-06-12T20:36:46Z

Graham: /* Two Methods */

2024-06-09T17:59:12Z

‎Two Methods

Graham: /* Pop Quiz */

2024-05-18T10:55:30Z

‎Pop Quiz

Graham: /* Pop Quiz */

2024-05-18T10:54:36Z

‎Pop Quiz

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 [https://battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=AAA&suffix=UncollReins&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span>
-&nbsp;&nbsp;[https://www.battleacts6us.ca/vanillaforum6us/categories/aaa-uncoll-reins<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
+&nbsp;&nbsp;[https://battleacts.discourse.group/c/candidates-6u/aaa-uncoll-reins/193<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
 ==In Plain English!==
@@ Line 284: / Line 284: @@
 [https://battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=AAA&suffix=UncollReins&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span>
-&nbsp;&nbsp;[https://www.battleacts6us.ca/vanillaforum6us/categories/aaa-uncoll-reins<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
+&nbsp;&nbsp;[https://battleacts.discourse.group/c/candidates-6u/aaa-uncoll-reins/193<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
 ==POP QUIZ ANSWERS==

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 '''Author''': American Academy of Actuaries (AAA)
-[https://www.battleacts6us.ca/vanillaforum6us/categories/aaa-uncoll-reins<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
+[https://battleacts.discourse.group/c/candidates-6u/aaa-uncoll-reins<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
 <span style="display: inline-block; background-color: blue; color: white; font-weight: bold; text-align: center; line-height: 50px; width: 50px; height: 50px; border-radius: 50%;">VIDEO</span> &rarr;

← Older revision		Revision as of 02:22, 16 February 2025
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	[https://www.battleacts6us.ca/vanillaforum6us/categories/aaa-uncoll-reins<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]		[https://www.battleacts6us.ca/vanillaforum6us/categories/aaa-uncoll-reins<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
		+
		+	<span style="display: inline-block; background-color: blue; color: white; font-weight: bold; text-align: center; line-height: 50px; width: 50px; height: 50px; border-radius: 50%;">VIDEO</span> →
		+	[https://battleacts6us.ca/video/230_Uncollectible_Reinsurance_(v01).mp4 <span style="color: black; font-size: 12px; background-color: aqua; border: solid; border-width: 2px; border-radius: 10px; border-color: aqua; padding: 5px 10px 5px 10px; margin-top: 100px;">'''(6:15) → Uncollectible Reinsurance - General Overview'''</span>]
		+	([[Videos \|Click here for all currently available videos.]])

	{\| class='wikitable' style='background-color: navajowhite;		{\| class='wikitable' style='background-color: navajowhite;

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 Something tells me this reading has a good chance of being tested because it's related to reinsurance, a heavily tested topic. The reading presents another method for estimating the "Uncollectible Reinsurance Reserve", or URR, and this is closely related to the calculation of the '''SAP''' ''[[Odomirok.14-F#Calculation:_Provision_for_Reinsurance | Reinsurance Provision]]'' which is the most heavily tested topic from ''[[Odomirok.14-F | Chapter 14 of Odomirok]]''.
-The estimation methods here are for '''GAAP''' financial statements and fortunately they are much simpler than the SAP reinsurance provision so you can learn them very quickly. There are a lot of other potential short-answer questions but I don't think many of them are likely to being asked. If you're running of out time to study before the exam, you can likely skip most of this reading and just focus on the methods and the basic concepts for each of the 2 methods for estimating URR.
+The estimation methods here are for '''GAAP''' financial statements and fortunately they are much simpler than the SAP reinsurance provision so you can learn them very quickly. There are a lot of other potential short-answer questions that fill in background information but are likely less important than the calculations. If you're running of out time to study before the exam, you can likely skip most of this reading and just focus on the methods and the basic concepts for each of the 2 methods for estimating URR.
 '''Estimated study time''': 1 day''(not including subsequent review time)''

← Older revision		Revision as of 13:51, 22 June 2024
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	==Pop Quiz==		==Pop Quiz==
		+
		+	[https://battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=AAA&suffix=UncollReins&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=6<span style="font-size: 20px; background-color: yellow; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Multiple Choice (mini BattleQuiz 6)]'''</span> ← for general review of topic

	==Study Tips==		==Study Tips==

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 {| class='wikitable' style='background-color: navajowhite;
 |-
-|| The text further discusses concepts pertaining to the '''rating-based method''' by asking and answering several questions. I'm not sure how important these so I've abbreviated the answers given in the text. If you want more detail please refer to the source, but I think these are less likely to be asked on the exam.
+|| The text further discusses concepts pertaining to the '''rating-based method''' by asking and answering several questions. I'm not sure how important these are so I've abbreviated the answers given in the text. If you want more detail please refer to the source, but this will give you the main idea:
 |}

← Older revision		Revision as of 20:36, 12 June 2024
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	[https://www.battleacts6us.ca/vanillaforum6us/categories/aaa-uncoll-reins<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]		[https://www.battleacts6us.ca/vanillaforum6us/categories/aaa-uncoll-reins<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
		+
		+	{\| class='wikitable' style='background-color: navajowhite;
		+	\|-
		+	\|\| '''BA Quick-Summary''': <span style="color: green;>'''Estimating Uncollectible Reinsurance'''</span>
		+
		+	* The document outlines new GAAP requirements for estimating the uncollectible reinsurance reserve (URR) for property/casualty (P&C) companies under ASU 2016-13. The new rules, effective in 2020 for public companies and 2021 for others, require the URR to be '''based on expected ultimate uncollectible amounts due to credit risk''', which may necessitate new reserving practices for some insurers.
		+	* The document also discusses the importance of reinsurance collectability in evaluating a company's solvency and the various methodologies for estimating the URR, including rating-based and experience-based methods.
		+
		+	\|}

	==Pop Quiz==		==Pop Quiz==

@@ Line 113: / Line 113: @@
 * rating-based method
-: &rarr; uses financial strength ratings of reinsurers as the basis for a URR estimate <span style="color: green;">''(shout-out to CS!)''</span>
+: &rarr; uses financial strength ratings of reinsurers as the basis for a URR estimate
 : &rarr; estimates '''credit-related''' URR <u>only</u>
 * experience-based method

← Older revision		Revision as of 10:55, 18 May 2024
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	==Pop Quiz==		==Pop Quiz==
−
−	[https://battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=AAA&suffix=UncollReins&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span>

	==Study Tips==		==Study Tips==

← Older revision		Revision as of 10:54, 18 May 2024
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	==Pop Quiz==		==Pop Quiz==
		+
		+	[https://battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=AAA&suffix=UncollReins&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span>

	==Study Tips==		==Study Tips==