Separate names with a comma.
And for nonblagab, the losses can be offset against past / current / future profits as well, right? So in terms of offsetting, both regimes offer...
If a company is XSE, there would be no policyholder profit, but don’t the policyholders have to pay at least the basic rate of tax when they...
How is the loss carry forward treatment different under blagab and nonblagab? Blagab calls it as xse I believe. Is it that the nonblagab losses...
Ok so I think I’m getting confused between the release of risk margin (or cost of holding required capital) and release of reserves itself, for EV...
Thanks, so upon a surrender, does the redeemed value of the bond be sensitive to interest rate movements as well as any penalties? Just trying to...
Also, release of risk margin is different to release of reserves, is it? Former represents one period less of frictional costs of holding required...
Another general question on this product: Example, the premium recieved is 100, 10 goes to charges, 85 to fixed bonds and 5 to call option at t=0....
Overall, not following how and why there is a difference in basis for Embedded Value calculations. Also, on what basis are the other components...
1. What is the difference between projection and superpisory basis in Embedded Value and where are they applied in the calculation? 2. How does...
Sep 2022. Q2 ii) Why is it mentioned that current asset share represents the discretionary claim value? The current asset share would only...
The examiner remark says Q1. "(vi) This was answered best by candidates that recognised that the risk margin only covers non-hedgeable risks and...
Q1. iii) Why interest rate risk is future yields being lower than expected? The increase in BEL would be offset by the increase in assets. I...
Can you please explain with an example, how Asset Share + CoGs relates to the BEL for WP? The explanations above are helpful but I don't follow...
Very very helpful! You should be writing the core reading notes :) Just a suggestion - examples like this in the course notes will be quite...
Still trying to grasp this logic. Let's say an endownment without profits is backed by equity (assuming the company is very large and has many...
