Difference between revisions of "Odomirok.20-IRIS"
| Line 38: | Line 38: | ||
{| class='wikitable' style='background-color: navajowhite;' | {| class='wikitable' style='background-color: navajowhite;' | ||
|- | |- | ||
| − | || <span style="color: red;">'''DELETION:'''</span> The most recent version of the Odomirok source text no longer discusses the "Analyst Team". | + | || <span style="color: red;">'''DELETION:'''</span> The most recent version of the Odomirok source text <u>no longer discusses</u> the "Analyst Team". |
|} | |} | ||
Revision as of 12:37, 4 April 2022
Reading: Financial Reporting Through the Lens of a Property/Casualty Actuary
Author: Kathleen C. Odomirok, FCAS, MAAA, Liam M. McFarlane, FCIA, FCAS, Gareth L. Kennedy, ACAS, MAAA, Justin J. Brenden, FCAS, MAAA, EY
Study Tip
Chapter 20 from Odomirok is a companion to NAIC.IRIS, but Odomirok doesn't cover any of the IRIS formulas. Instead, it provides a more conceptual discussion of the IRIS ratios.
You can completely skip this chapter but if you're too nervous to do that, use it for bedtime reading. It's only 3 pages and has no formulas. The formulas are discussed in detail in the other IRIS reading NAIC.IRIS.
BattleTable
See NAIC.IRIS for relevant exam problems
- this reading has not been tested on any exam from the year 2012 to Fall 2019 when the exams stopped being published.
reference part (a) part (b) part (c) part (d) no prior questions
Full BattleQuiz You must be logged in or this will not work.
In Plain English!
Everything you need to know about IRIS ratios is in the NAIC.IRIS. The IRIS chapter in Odomirok is very short and has only 1 thing that doesn't seem to be in the NAIC reading.
| DELETION: The most recent version of the Odomirok source text no longer discusses the "Analyst Team". |
Odomirok briefly discusses the Analyst Team of financial examiners from all 4 geographic regions of the U.S. They categorize companies into 3 levels according to their IRIS results and other solvency monitoring tools like RBC:
- Level A: requires immediate regulatory attention
- Level B: shows adverse results but doesn't require immediate attention
- Reviewed: no level assigned, and no regulatory attention required.
That's it.
Full BattleQuiz You must be logged in or this will not work.
