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Em Francis's Recent Activity
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Em Francis replied to the thread NON-BLAGAB and BLAGAB.
All you need to know for non-BLAGAB losses is what is in the Core Reading: Accounting losses can be used to offset profits in other tax...
Apr 16, 2024 at 10:41 AM -
Em Francis replied to the thread September 2022.
It is likely that the duration of the annuity liabilities is longer than that of available assets and so an interest rate fall will...
Apr 16, 2024 at 10:20 AM -
Em Francis replied to the thread September 2023 Q.3i).
Do you mean if interest rates go up, does the value of the bond fall? If so, yes. But it is not a risk for the company as there is no...
Apr 15, 2024 at 5:23 PM -
Em Francis replied to the thread Embedded Value.
Under EV Solvency II, the idea is that due to assumptions being best estimate there are no release of prudential margins within the BEL....
Apr 15, 2024 at 5:21 PM -
Em Francis replied to the thread Basic info - blagab non-blagab.
A company will base these calculations on a fund basis, not an individual basis.
Apr 15, 2024 at 3:04 PM -
Em Francis replied to the thread NON-BLAGAB and BLAGAB.
If a company is in an XSE position then they will have losses to carry forward on their BLAGAB business, which they can use to offset...
Apr 15, 2024 at 2:42 PM -
Em Francis replied to the thread September 2018 1 (iv).
Yes that's a fair observation, but this is likely to be relatively second order.
Apr 15, 2024 at 2:32 PM -
Em Francis replied to the thread Analysis of Change Apr 2021 2(ii).
Yes as it is actual inflation being applied but if the inflation rate used in the future were to change then this would be an assumption...
Apr 15, 2024 at 11:52 AM -
Em Francis replied to the thread Analysis of Change Apr 2021 2(ii).
If expense inflation has been higher (or lower) than expected over the period, the end-of-period BEL will be higher (or lower) than...
Apr 15, 2024 at 11:19 AM -
Em Francis replied to the thread Embedded Value.
Risk margin is specifically referring to Solvency II. The justification for including its release as PVIF is because it will no longer...
Apr 15, 2024 at 10:57 AM -
Em Francis replied to the thread September 2023 Q.3i).
There is no reinvestment risk as the bonds do not have to be repurchased once there is a surrender. The policyholder will just receive...
Apr 15, 2024 at 10:45 AM -
Em Francis replied to the thread Embedded Value.
The projection basis are the future experience assumptions used to calculate the future cashflows within the embedded value model,...
Apr 15, 2024 at 9:10 AM