Difference between revisions of "Odomirok.19-RBC"

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Based on past exams, the '''main things''' you need to know ''(in rough order of importance)'' are:
 
Based on past exams, the '''main things''' you need to know ''(in rough order of importance)'' are:
  
−
*
+
* calculating RBC charges R<sub>0,1,2,3,4,5</sub> &  RBC-ratio
−
*
+
* identifying <u>action level</u> based on RBC ratio & subsequent regulator/company <u>actions</u>
 +
* strategies for <u>reducing</u> RBC charges
 +
* comparison to IRIS ratios
  
 
: {| class="wikitable" style="width: 1000px;"
 
: {| class="wikitable" style="width: 1000px;"
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| [https://www.battleacts6us.ca/pdf/Exam_(2017_2-Fall)/(2017_2-Fall)_(17).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2017.Fall #17)'''</span>
 
| [https://www.battleacts6us.ca/pdf/Exam_(2017_2-Fall)/(2017_2-Fall)_(17).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2017.Fall #17)'''</span>
 
|| '''calculate''': <br> - RBC ratio
 
|| '''calculate''': <br> - RBC ratio
−
|| '''calculate''': <br> - RBC action level
+
|| '''calculate''': <br> - RBC action level + actions
 
||  
 
||  
 
||  
 
||  
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| [https://www.battleacts6us.ca/pdf/Exam_(2017_2-Fall)/(2017_2-Fall)_(18).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2017.Fall #18)'''</span>
 
| [https://www.battleacts6us.ca/pdf/Exam_(2017_2-Fall)/(2017_2-Fall)_(18).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2017.Fall #18)'''</span>
 
|| '''financial health''': <br> - use of RBC ratios
 
|| '''financial health''': <br> - use of RBC ratios
−
|| '''R0 RBC  charge''': <br> - difference vs R1,2,3,4,5
+
|| '''R<sub>0</sub> RBC  charge''': <br> - difference vs R<sub>1,2,3,4,5</sub>
 
|| '''RBC vs IRIS''': <br> - similarity & difference
 
|| '''RBC vs IRIS''': <br> - similarity & difference
 
||  
 
||  
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|-
 
|-
 
| [https://www.battleacts6us.ca/pdf/Exam_(2016_2-Fall)/(2016_2-Fall)_(17).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2016.Fall #17)'''</span>
 
| [https://www.battleacts6us.ca/pdf/Exam_(2016_2-Fall)/(2016_2-Fall)_(17).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2016.Fall #17)'''</span>
−
|| rbc require
+
|| '''calculate''': <br> - RBC ratio
−
||  
+
|| '''identify''': <br> - RBC action level
−
||  
+
|| '''identify''': <br> - RBC actions
 
||  
 
||  
  
 
|-
 
|-
 
| [https://www.battleacts6us.ca/pdf/Exam_(2015_2-Fall)/(2015_2-Fall)_(17).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2015.Fall #17)'''</span>
 
| [https://www.battleacts6us.ca/pdf/Exam_(2015_2-Fall)/(2015_2-Fall)_(17).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2015.Fall #17)'''</span>
−
|| r1r2
+
|| '''calculate''': <br> - R<sub>1</sub>
−
||  
+
|| '''calculate''': <br> - R<sub>2</sub>
−
||  
+
|| '''reducing R<sub>2</sub>''': <br> - identify 2 ways
 
||  
 
||  
  
 
|-
 
|-
 
| [https://www.battleacts6us.ca/pdf/Exam_(2015_1-Spring)/(2015_1-Spring)_(19).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2015.Spring #19)'''</span>
 
| [https://www.battleacts6us.ca/pdf/Exam_(2015_1-Spring)/(2015_1-Spring)_(19).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2015.Spring #19)'''</span>
−
|| written
+
|| '''components of RBC''': <br> - describe
−
||  
+
|| '''identifying insolvency''': <br> - aspects of RBC
−
||  
+
|| '''interpret RBC ratio''': <br> - ratio = 310%
−
||  
+
|| '''internal capital model''': <br> - concerns ''(vs RBC)''
  
 
|-
 
|-
 
| [https://www.battleacts6us.ca/pdf/Exam_(2015_1-Spring)/(2015_1-Spring)_(25).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2015.Spring #25)'''</span>
 
| [https://www.battleacts6us.ca/pdf/Exam_(2015_1-Spring)/(2015_1-Spring)_(25).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2015.Spring #25)'''</span>
−
|| multiple areas
+
|| see [[Freihaut.Reins]]
−
||  
+
|| see [[Freihaut.Reins]]
−
||  
+
|| '''calculate''': <br> - RBC ratio
 
||  
 
||  
  
 
|-
 
|-
 
| [https://www.battleacts6us.ca/pdf/Exam_(2014_2-Fall)/(2014_2-Fall)_(18).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2014.Fall #18)'''</span>
 
| [https://www.battleacts6us.ca/pdf/Exam_(2014_2-Fall)/(2014_2-Fall)_(18).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2014.Fall #18)'''</span>
−
|| multiple areas
+
|| '''calculate''': <br> - RBC
−
|| error in exam question
+
|| '''improving RBC ratio''': <br> - reserving practices (error in exam question??)
−
|| see pg 607 in pdf
+
|| '''limitations of RBC''': <br> - for identifying impairment (p607 in pdf)
 
||  
 
||  
  
 
|-
 
|-
 
| [https://www.battleacts6us.ca/pdf/Exam_(2014_1-Spring)/(2014_1-Spring)_(20).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2014.Spring #20)'''</span>
 
| [https://www.battleacts6us.ca/pdf/Exam_(2014_1-Spring)/(2014_1-Spring)_(20).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2014.Spring #20)'''</span>
−
|| multiple areas
+
|| '''calculate''': <br> - R<sub>3</sub>
−
||  
+
|| '''calculate''': <br> - RBC
−
||  
+
|| '''action level''': <br> - identify action
 
||  
 
||  
  
 
|-
 
|-
 
| [https://www.battleacts6us.ca/pdf/Exam_(2013_2-Fall)/(2013_2-Fall)_(21).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2013.Fall #21)'''</span>
 
| [https://www.battleacts6us.ca/pdf/Exam_(2013_2-Fall)/(2013_2-Fall)_(21).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2013.Fall #21)'''</span>
−
|| rbc require
+
|| '''RBC risk categories''': <br> - identify 2
−
||  
+
|| '''calculate''': <br> - RBC ratio
−
||  
+
|| '''action level''': <br> - identify
−
||  
+
|| '''action''': <br> - describe
  
 
|-
 
|-
 
| [https://www.battleacts6us.ca/pdf/Exam_(2012_2-Fall)/(2012_2-Fall)_(14).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2012.Fall #14)'''</span>
 
| [https://www.battleacts6us.ca/pdf/Exam_(2012_2-Fall)/(2012_2-Fall)_(14).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2012.Fall #14)'''</span>
−
|| see Odo 8-9
+
|| see [[Odomirok.8-9-IS]]
−
|| asset risk of RBC
+
|| '''reduce RBC asset risk''': <br> - investment changes
 
||  
 
||  
 
||  
 
||  
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|-
 
|-
 
| [https://www.battleacts6us.ca/pdf/Exam_(2012_2-Fall)/(2012_2-Fall)_(20).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2012.Fall #20)'''</span>
 
| [https://www.battleacts6us.ca/pdf/Exam_(2012_2-Fall)/(2012_2-Fall)_(20).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2012.Fall #20)'''</span>
−
|| calc RBC
+
|| '''calculate''': <br> - R<sub>5</sub>
−
|| see IRIS
+
|| see [[NAIC.IRIS]]
−
|| RBC vs IRIS growth charge
+
|| '''RBC vs IRIS''': <br> - treatment of premium
 
||  
 
||  
  
 
|-
 
|-
 
| [https://www.battleacts6us.ca/pdf/Exam_(2012_2-Fall)/(2012_2-Fall)_(24).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2012.Fall #24)'''</span>
 
| [https://www.battleacts6us.ca/pdf/Exam_(2012_2-Fall)/(2012_2-Fall)_(24).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2012.Fall #24)'''</span>
−
|| multiple papers (Bloom's Taxonomy)
+
|| '''solvency-based frameworks''': <br> - create a new one! <span style="color: red;">'''<sup>W</sup>'''</span>
 
||  
 
||  
 
||  
 
||  
Line 123: Line 125:
  
 
: <span style="color: red;">'''<sup>1</sup>'''</span> RAL stands for ''Regulatory Action Level''
 
: <span style="color: red;">'''<sup>1</sup>'''</span> RAL stands for ''Regulatory Action Level''
 +
: <span style="color: red;">'''<sup>W</sup>'''</span> Alice thinks this is a totes weird question. ''(You can look at it, but she thinks it isn't likely to appear again.)''
  
 
[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=19-RBC&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> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>
 
[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=19-RBC&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> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>

Revision as of 14:25, 25 November 2018

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Pop Quiz

BattleTable

Based on past exams, the main things you need to know (in rough order of importance) are:

  • calculating RBC charges R0,1,2,3,4,5 & RBC-ratio
  • identifying action level based on RBC ratio & subsequent regulator/company actions
  • strategies for reducing RBC charges
  • comparison to IRIS ratios
reference part (a) part (b) part (c) part (d)
E (2018.Spring #18) calculate:
- change in RBC charge 		rapid premium growth:
- impact on RBC
E (2017.Fall #17) calculate:
- RBC ratio 		calculate:
- RBC action level + actions
E (2017.Fall #18) financial health:
- use of RBC ratios 		R0 RBC charge:
- difference vs R1,2,3,4,5 		RBC vs IRIS:
- similarity & difference
E (2017.Spring #19) calculate:
- total RBC 		calculate:
- RBC RAL1 		RAL actions:
- insurer & regulator
E (2016.Fall #16) RBC risk categories:
- identify 2 		RBC purpose:
- for regulator
E (2016.Fall #17) calculate:
- RBC ratio 		identify:
- RBC action level 		identify:
- RBC actions
E (2015.Fall #17) calculate:
- R1 		calculate:
- R2 		reducing R2:
- identify 2 ways
E (2015.Spring #19) components of RBC:
- describe 		identifying insolvency:
- aspects of RBC 		interpret RBC ratio:
- ratio = 310% 		internal capital model:
- concerns (vs RBC)
E (2015.Spring #25) see Freihaut.Reins see Freihaut.Reins calculate:
- RBC ratio
E (2014.Fall #18) calculate:
- RBC 		improving RBC ratio:
- reserving practices (error in exam question??) 		limitations of RBC:
- for identifying impairment (p607 in pdf)
E (2014.Spring #20) calculate:
- R3 		calculate:
- RBC 		action level:
- identify action
E (2013.Fall #21) RBC risk categories:
- identify 2 		calculate:
- RBC ratio 		action level:
- identify 		action:
- describe
E (2012.Fall #14) see Odomirok.8-9-IS reduce RBC asset risk:
- investment changes
E (2012.Fall #20) calculate:
- R5 		see NAIC.IRIS RBC vs IRIS:
- treatment of premium
E (2012.Fall #24) solvency-based frameworks:
- create a new one! W
1 RAL stands for Regulatory Action Level
W Alice thinks this is a totes weird question. (You can look at it, but she thinks it isn't likely to appear again.)

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In Plain English!

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BattleCodes

Memorize:


Conceptual:


Calculational:

POP QUIZ ANSWERS

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