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Hi Lindsay, As stated by Mateusz in his first comment, the Risk margin is calculated to bring the liabilities up to market value, and i think it...
Hi everyone, I just want to ask a question that does not relate to the exam. Could you please explain to me why the sub-module CAT doesn't exist...
Hi, thanks for your help! It is much much much clearer for me now. Merry christmas and happy new year to you and your family!
Hi, thanks for your reply :) Could you explain to me a little furthur why you say that by using the risk free discount rate, we have already taken...
Hello everyone, I would like to ask a small question about the philosophy of the Risk adjustment of IFRS17. Why should the risk adjustment only...
Hi, thanks for your help until now :) you are very nice. Do you think that we can imagine the "Increase in reserve" as some kind of "expense" (not...
Hi, thanks for your recommendation, I will come back to CT2 and revise more carefully. Yes, you are right about the original issue that I don't...
Hi, thanks for your reply and your patience. However, I would to clarify what I mean with the interpretation of "change in reserve" (or increase...
Hi, thank you so much for your clarification. It helps a lot. However, I still don't understand the meaning of the "change in reserve" ? Can you...
Thanks Lindsay, CapitalActuary and Kamina for your helps. It is quite clear for me what is happening in 2 sides of the balance sheet. Just to...
Thank you for your reply, it is quite clear. I have already reviewed the CT2 long before coming here to ask such a question. But in fact, I...
Hi, thank you very much for your reply. I return to this question after 1 month because I still don't catch the idea of "Release of reserve" in...
Hi, thank you very much for your help. However, i think it is reasonable to ask for a 5-year car insurance or a 20-year health insurance. So i...
I would like to "Why non-life insurance is of short term and life insurance is of long term ?" I wonder why don't non-life insurer sell the...
Thank you very much for your kindness, thank you Lindsay for the confirmation. My last question is that could you please give me the name of the...
Ah, it is much clearer for me now. So basically, if we use the Cost of capital method to calculate the RM, we should take the viewpoint of the...
Hi, thank you very much for your explanation. It helps A LOT. I still have 2 questions to understand more your answer: 1) What do you mean by...
Hi, I would like to ask why risk margin is a part of liability instead of own fund when it is said that "Risk margin is the compensation required...
Hi everyone, I'm struggling with the concept of "release of reserve". Could you please explain me what "release of reserve" really is ? What...
Hi Ian, Thank you very much for your answer, it is much clearer for me now. However, could you please tell me why (in the general view) "A...
Hi everyone, The context of this question: As in reserving in Life insurance, we use the technique of discounting the future cashflows (include...
Hello Mr. Willder, Thank you again for your kind reply. There is still 1 point that is not so clear to me. It is that there is no profit in the...
Hello Mr. Willder, Thank you very much for your help. It enlighted 90% of my problem. I would like to confirm with you 2 points: 1. The...
Hello everyone, I'm learning about the difference between net premium valuation and gross premium valuation. And I have 3 questions please: 1....
Hello, I would like to ask a question concerning the meaning of reserve and the cost of setting up reserve when we do the profit testing in term...
Thank you very much for your response. Regarding incorporating lapse rate into the pricing procedure. I would like to take an example to...
Hello all, I am confusing a little bit about the lapse rate. I have 2 questions: 1. When we do the pricing of a new insurance product, do we...
Sorry, could you pleased explain me what "the policies are sold evenly over each year" mean and why there are on average 5,000 policies paying...
Do you mean that the interest is paid continuously from the time 2 (when the investment is made) to time 10 ?
I would like to ask: in case a question gives the information about force of interest of an investment (similar to the below picture), should I...
Here is a screenshot of the CT1 notes. I think that instead of saying "immediate annuity" as shown in the screenshot, we should say "annuity paid...
I want to know whether immediate annuity is the annuity paid in arrear or not. In the CT1 notes provided by ActEd, they use these 2 terms...
I personally think that £52,18,000t should be the total payment during the first t years, not the rate of payment
[ATTACH] Hello everyone, According to the attached image, I want to ask why the rate of payment is 5,218,000.t instead of 5,218,000 only...
Hello everybody, I have come across some @ signs, like the picture below. Can someone explain what the "@" means in this situation. Thank you very...