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Search: Posts Made By: AO_Throwaway_Acct
Forum: Exam 7 (new) - Estimation of Policy Liability & ERM 10-04-2018, 04:36 PM
Replies: 582
Views: 39,922
Posted By AO_Throwaway_Acct
I will begin reading source materials next week...

I will begin reading source materials next week until cf/rf come out. Any suggestions on the best ones to start with? Any that are overly dense or less testable and could be skipped? Thanks in...
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 07-28-2018, 03:23 PM
Replies: 3,082
Views: 231,516
Posted By AO_Throwaway_Acct
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Forum: Exam 8 (old Part 9) - Advanced Ratemaking 07-26-2018, 06:57 PM
Replies: 3,082
Views: 231,516
Posted By AO_Throwaway_Acct
Is Bahnemann new? The complete TIA manual that I...

Is Bahnemann new? The complete TIA manual that I printed out doesn't have it as B.1... Guess it's just videos for this one.

Edit: Well look at that... I must have an outdated manual or something?...
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 07-10-2018, 09:15 AM
Replies: 3,082
Views: 231,516
Posted By AO_Throwaway_Acct
Also the confusion matrix (the chart of...

Also the confusion matrix (the chart of true/false positive/negatives).

Thanks for the rundown, it really helps to have a sense of the likely tested material.
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 07-08-2018, 10:10 AM
Replies: 3,082
Views: 231,516
Posted By AO_Throwaway_Acct
I was just wondering the same when I hit things...

I was just wondering the same when I hit things like the Tweedie dispersion parameter. Nobody is bothering to memorize to that extent?
Forum: Exam 6 US (old Part 7U) 06-18-2018, 04:02 PM
Replies: 710
Views: 87,675
Posted By AO_Throwaway_Acct
Passed. Thanks for putting up with my dumb...

Passed. Thanks for putting up with my dumb questions, see y'all in the Exam 8 thread.
Forum: Exam 6 US (old Part 7U) 06-18-2018, 01:43 AM
Replies: 710
Views: 87,675
Posted By AO_Throwaway_Acct
Can't sleep, just thinking about this.

Can't sleep, just thinking about this.
Forum: Exam 5 (new) - Ratemaking/Reserving 05-09-2018, 02:03 PM
Replies: 248
Views: 36,832
Posted By AO_Throwaway_Acct
Macros are just as much cheating as being able to...

Macros are just as much cheating as being able to do calculations in your head. It's knowledge that might give you a marginal advantage.

There should be little concern with Excel-based testing...
Forum: Exam 6 US (old Part 7U) 05-08-2018, 02:02 PM
Replies: 710
Views: 87,675
Posted By AO_Throwaway_Acct
Q19c) "Fully describe one reason the treatment of...

Q19c) "Fully describe one reason the treatment of bonds under SAP accounting may be in conflict with the general philosophy of SAP accounting"

Any thoughts? I remember I put something that seemed...
Forum: Exam 6 US (old Part 7U) 05-02-2018, 10:59 AM
Replies: 710
Views: 87,675
Posted By AO_Throwaway_Acct
One weird and specific RBC question, no TRIA, no...

One weird and specific RBC question, no TRIA, no Klann commutation (worth 2-3 points in 5 of the past 6 exams), no Notes to the Financial Statements unless I'm forgetting.
Forum: Exam 6 US (old Part 7U) 05-02-2018, 09:07 AM
Replies: 710
Views: 87,675
Posted By AO_Throwaway_Acct
I made some assumptions and wrote some stuff. ...

I made some assumptions and wrote some stuff. -1.5 or -1.75 points maybe?

It's the only question that didn't feel "fair" to me. The second G-L-B question was weirdly specific but it was clearly...
Forum: Exam 6 US (old Part 7U) 05-01-2018, 01:56 PM
Replies: 710
Views: 87,675
Posted By AO_Throwaway_Acct
Crap, I was wrong. Tax basis incurred loss =...

Crap, I was wrong.

Tax basis incurred loss = paid losses + change in discounted reserves = statutory incurred losses - change in reserve discount

I mixed up the last two and did Tax IL = paid...
Forum: Exam 6 US (old Part 7U) 05-01-2018, 12:19 PM
Replies: 710
Views: 87,675
Posted By AO_Throwaway_Acct
Ah, you're right. I think I was doing Inv. Inc....

Ah, you're right. I think I was doing Inv. Inc. / PHS.
Forum: Exam 6 US (old Part 7U) 05-01-2018, 11:58 AM
Replies: 710
Views: 87,675
Posted By AO_Throwaway_Acct
I think I checked their ratio 6 and it was in the...

I think I checked their ratio 6 and it was in the usual range though..



Does "in course of collection" imply that they're overdue? I think it's only the balances >90 days OD that are...
Forum: Exam 6 US (old Part 7U) 05-01-2018, 11:39 AM
Replies: 710
Views: 87,675
Posted By AO_Throwaway_Acct
I remember now that the 1-year change in PHS was...

I remember now that the 1-year change in PHS was around -9.6% which is just inside the usual bound for ratios 7 and 8, and the prior year was something like -5% or -6%.
Forum: Exam 6 US (old Part 7U) 05-01-2018, 08:29 AM
Replies: 710
Views: 87,675
Posted By AO_Throwaway_Acct
Something like the Producer Licensing Act. It...

Something like the Producer Licensing Act. It was 2-3 lines in the TIA manual, I think on page 493. I had no idea.



I remember writing that they had a consistent increase in liabilities with...
Forum: Exam 6 US (old Part 7U) 04-29-2018, 12:24 PM
Replies: 710
Views: 87,675
Posted By AO_Throwaway_Acct
I figured you knew but doesn't hurt to add. ...

I figured you knew but doesn't hurt to add.

I'm curious, what happens to a reinsurer when a primary insurer goes insolvent? If there is an incurred loss prior to insolvency, I assume they still...
Forum: Exam 6 US (old Part 7U) 04-29-2018, 11:11 AM
Replies: 710
Views: 87,675
Posted By AO_Throwaway_Acct
Now that I'm revisiting this, I think the...

Now that I'm revisiting this, I think the difference is that you don't have to comment on uncertainties in the legal environment, but you should consider the impact that realized changes will have...
Forum: Exam 6 US (old Part 7U) 04-29-2018, 11:08 AM
Replies: 710
Views: 87,675
Posted By AO_Throwaway_Acct
I removed a bullet that doesn't seem testable: ...

I removed a bullet that doesn't seem testable:



Within 9 months it can be prospective depending on the terms.
Forum: Exam 6 US (old Part 7U) 04-29-2018, 11:03 AM
Replies: 710
Views: 87,675
Posted By AO_Throwaway_Acct
And bond coupon payments, I am pretty certain. ...

And bond coupon payments, I am pretty certain.



Gods, I hope this isn't tested, I just skipped it this time around.



I totally forgot about this (that it's not total unsecured recov). ...
Forum: Exam 6 US (old Part 7U) 04-29-2018, 10:12 AM
Replies: 710
Views: 87,675
Posted By AO_Throwaway_Acct
To quote Firefly, "That's what makes us...

To quote Firefly, "That's what makes us special."
Forum: Exam 6 US (old Part 7U) 04-28-2018, 12:47 PM
Replies: 710
Views: 87,675
Posted By AO_Throwaway_Acct
Acceptable answer for why reinsurance may be...

Acceptable answer for why reinsurance may be considered uncollectible:

"Reinsurer goes belly up"
Forum: Exam 6 US (old Part 7U) 04-28-2018, 12:09 PM
Replies: 710
Views: 87,675
Posted By AO_Throwaway_Acct
TIA on RMAD considerations: "Note that the...

TIA on RMAD considerations:

"Note that the actuary does not need to include general statements about risks &
uncertainties due to judicial decisions, regulatory actions, politics"

Examiner's...
Forum: Exam 6 US (old Part 7U) 04-28-2018, 10:57 AM
Replies: 710
Views: 87,675
Posted By AO_Throwaway_Acct
S2017 Q21. Short-tailed (two-year + prior) IRS...

S2017 Q21. Short-tailed (two-year + prior) IRS discounting problem.

I guess when you have a prior years row, you just completely ignore any paids and reserves and use the newer information?
...
Forum: Exam 6 US (old Part 7U) 04-27-2018, 12:14 PM
Replies: 710
Views: 87,675
Posted By AO_Throwaway_Acct
I would guess you either need 4 bullets or 2...

I would guess you either need 4 bullets or 2 bullets explained thoroughly. I doubt that 2 bullets would count for "fully explain".
Showing results 1 to 25 of 300

 

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