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The first part of this question seeks to find the probability of at least one claim occurring in a year where the claim frequency are Poisson...
A direct writer has a surplus reinsurance treaty with a maximum retention of R800,000 (there is no minimum retention level) and a maximum of 8...
The course notes in chapter 5 say: "Here, the reinsurer is paying some money to the insurance company to improve its cash balance. This payment...
Hello there, I have quite a few questions on this chapter, any opinions/explanations would be greatly appreciated :) 1. (Section 5, pg 31): The...
We can consider Sol ll here, but any significant differences with IFRS17 or IFRS4 would be helpful as well. 1. Could someone please explain the...
Hi, I would like to ask about treatment of reinsurance premiums under Solvency II. So far, I've only seen mention about treating PV of expected...
Just one ques from Ch23, rest from 25 Ques-1. In Chapter 23 -> There are North American and Conventional methods? Has it been deleted from the...
Hi Tutor, here are some of my queries: italics is core reading lines 1. Financial reinsurance is a contingent loan from reinsurer to insurer...
Hello, I have a question regarding the Sep 2020 paper, would be great if someone could help. In question 3 (iii), Describe how the premium...
Hi there, In the notes it says "It may prove difficult to obtain original terms reinsurane on with-profits business as the reinsurer would be...
How does traditional reinsurance reduce required capital? This is mentioned under section 6 of chapter 14 (capital management). I consider...
Hello, I am getting confused with reinsurance deposits where the reinsurer pays their reserve to the insurer at (say) the start of each month. I...
Hi, 1. I would like to ask that, for a reinsurance treaty that transfers genuine insurance risk (such as mortality risk, longevity risk and so...
Hi, What is the difference between reinsurance arrangements referred to as "original terms" and "quota share"? ST2 defines original terms as...
If a credit spread widens then, as the previous poster states, the market value of such assets will fall. Hi Lindsay I'm trying to understand...
The question concerns reinsurance premiums, but the answer seems to revolve reinsurance commission. Is this is an error in the flashcard, or am I...
In this flashcard, with regards to the first part of the question, I can't see any meaningful difference between the answers to the first two...
Chapter 24 Page 2 of the CMP says that for original terms: "This method involves a sharing of all aspects of the original contract. Hence, the...
