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Hi, Case reserves are estimates of the cost to settle individual claims that have been reported to the insurance company but not yet settled....
Hi Rishita As mentioned by Ian and Darren above, it is just a naming convention thing. If you do the calculations from first principles, you will...
Hi Rishita First of all, we should calculate the premium written from the binding authority for each year. This is equal to 4.5 (=15 * 30%) in...
Hi Profit testing means evaluating whether the premium rates charged by the annuity will generate satisfactory profits or not. In order to perform...
Hi @Ian Senator I've hit the wall regarding this question and the above link you shared seems not to be available. Can you please advise how can I...
Hi Krishna Having studied SP9, I concur with David's above advice. I would not recommend someone taking SP9 before clearing CP1. CP1 is a...
Hi, As you are probably aware, one important concept used in creating insurance companies' accounts is the accrual concept whereby income and...
Hi Neha, IMO, limiting the severity would mean capping the maximum claim amount that the insured can claim from the insurer, this could be per...
Hi Jun The safest and quickest option if you are not given the GWP for the previous year is to assume that the company is large and stable, such...
Hi Anna Many thanks for the above. This is definitely very helpful. I will also check the 2 questions you mentioned as well.
I was looking at the various process uncertainties in the core reading (Unit 6). Regarding "Increased use of profit share arrangements", the notes...
Hi Anna and David I hope you are well? I was impressed by the new material on climate change that was added in the SP9 CMP Upgrade for 2022. Page...
I personally found an SP9 tutorial to be very helpful. The tutor already summarises the important stuff in the slides and you also have some great...
