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Search: Posts Made By: youngorchard
Forum: Exam 7 (new) - Estimation of Policy Liability & ERM 06-17-2017, 10:04 PM
Replies: 2,113
Views: 172,487
Posted By youngorchard
Out of curiosity, how do we check our exam status...

Out of curiosity, how do we check our exam status online?
Looks like only candidate's exam status can be verified..
Forum: SoA Exams - General 05-25-2017, 01:20 AM
Replies: 2
Views: 2,026
Posted By youngorchard
You should go for the track with more relevance...

You should go for the track with more relevance to your job.
However, keep in mind that the GH track is focused on US group & health regulations and business.
Forum: Exam 7 (new) - Estimation of Policy Liability & ERM 05-24-2017, 11:09 PM
Replies: 1
Views: 959
Posted By youngorchard
Testing Mack Assumptions

I understand that you can conduct a number of tests to validate Mack's chain ladder assumptions (i.e. calendar year test, residual plot, independence of LDFs at different development periods, etc.)...
Forum: Property - Casualty / General Insurance 04-12-2017, 07:26 AM
Replies: 6
Views: 1,066
Posted By youngorchard
reserve strengthening actions

This term threw me off a little bit.
Can we equate "reserve strenthening actions" to actions that increase ultimate losses and DCC for prior accident years? Or is this term used to simply mean an...
Forum: General Actuarial 03-29-2017, 04:57 AM
Replies: 12
Views: 3,838
Posted By youngorchard
Have another dumb question to ask: Typically an...

Have another dumb question to ask:
Typically an LPT would provide surplus relief for the seller. However, are cases where the seller experiences a reduction to surplus from LPT pretty common?
...
Forum: General Actuarial 03-28-2017, 07:12 PM
Replies: 12
Views: 3,838
Posted By youngorchard
Great - thanks for all your responses!

Great - thanks for all your responses!
Forum: General Actuarial 03-28-2017, 10:12 AM
Replies: 12
Views: 3,838
Posted By youngorchard
I know this may be a dumb question, but is it...

I know this may be a dumb question, but is it possible to transfer unearned premium reserves (UPR) through an LPT?

Based on my limited understanding of the subject, an LPT is a retroactive...
Forum: CAS Exams - General 02-23-2017, 09:12 AM
Replies: 551
Views: 72,153
Posted By youngorchard
Not sure anyone found this yet, but here is the...

Not sure anyone found this yet, but here is the link to the list of new associates:

http://www.casact.org/admissions/passlist/oct16/New_ACAS_May_2017.pdf
Forum: CAS Exams - General 02-16-2017, 01:45 AM
Replies: 551
Views: 72,153
Posted By youngorchard
I got a confirmation from Danelle, but I still...

I got a confirmation from Danelle, but I still have not received official approval email from the CAS. I noticed that I am no longer able to verify my exam status, so I'm hoping that this is a good...
Forum: Exam 7 (new) - Estimation of Policy Liability & ERM 09-21-2016, 08:35 AM
Replies: 14
Views: 3,168
Posted By youngorchard
Did anyone receive results from the appeal...

Did anyone receive results from the appeal process?
When can we generally expect results to come out?
Forum: Property - Casualty / General Insurance 08-10-2016, 08:58 PM
Replies: 1
Views: 592
Posted By youngorchard
BEL - formula based reserving?

Hi - I am not sure if anyone has experience in Solvency II based reserving (or is knowledgeable of IFRS4 Phase 2 base reserving), but have a question regarding Best Estimate of Insurance Liabilities...
Forum: Course 1 - Risk Management & Insurance Operation 07-27-2016, 07:23 AM
Replies: 2
Views: 1,101
Posted By youngorchard
Sample Exam

For OC1, is there only one sample exam and if so, does it allow us to retake the sample exam?

Thanks in advance.
Forum: Property - Casualty / General Insurance 07-24-2016, 09:38 PM
Replies: 3
Views: 566
Posted By youngorchard
Average Case Reserve Comparison

Hi folks -
quick question on average case reserve per open claim.

Will a comparison of average case reserve per open claims for a specific company and industry (per AM Best industry data, etc.)...
Forum: Property - Casualty / General Insurance 07-11-2016, 09:34 PM
Replies: 2
Views: 495
Posted By youngorchard
Min/Max Retro Premium

Hi all -
I know this will differ by state and size of exposure/risk, but do any of you know if there is a typical minimum/maximum range of retro adjustments?

Struggling to set a standard because...
Forum: Property - Casualty / General Insurance 06-03-2016, 07:57 PM
Replies: 11
Views: 1,177
Posted By youngorchard
Thanks! That makes sense - guess i will have to...

Thanks! That makes sense - guess i will have to find a way to come up with an estimated industry avg commercial property ldf and back this piece out from the CMP industry ldf.

Either that or...
Forum: Property - Casualty / General Insurance 06-03-2016, 04:50 AM
Replies: 11
Views: 1,177
Posted By youngorchard
Thanks for all your responses! Unfortunately, I...

Thanks for all your responses!
Unfortunately, I currently do not have access to the ISO database...
Are there any alternative sources of development patterns?

What do you guys think of use an...
Forum: Property - Casualty / General Insurance 06-02-2016, 01:09 AM
Replies: 11
Views: 1,177
Posted By youngorchard
Industry LDF for CMP Liability

Hi folks,

Could any of you point me to the direction where I can find industry LDFs for CMP liability business?
Annual Statement combines the CMP property and liability businesses, and I am...
Forum: Property - Casualty / General Insurance 03-22-2016, 08:08 PM
Replies: 10
Views: 1,762
Posted By youngorchard
Origin of Loss Reserving

We hear a lot about the many classical techniques and more cutting-edge loss reserving techniques, but we seldom hear about how loss reserving came into fruition.

Does anyone on this forum know...
Forum: Property - Casualty / General Insurance 02-18-2016, 12:08 AM
Replies: 7
Views: 1,213
Posted By youngorchard
Thanks for all your input, which are in line with...

Thanks for all your input, which are in line with what I'm thinking as well.
Forum: Property - Casualty / General Insurance 02-17-2016, 01:52 AM
Replies: 7
Views: 1,213
Posted By youngorchard
Any other opinions or views out there? I guess...

Any other opinions or views out there?
I guess not that many actuaries experience extended service contracts in their day-to-day work... :p
Forum: Property - Casualty / General Insurance 02-16-2016, 03:02 AM
Replies: 7
Views: 1,213
Posted By youngorchard
Based on Roger Hayne's paper (Extended Service...

Based on Roger Hayne's paper (Extended Service Contracts: An Overview) published in Variance, the author mentions that insurers "may take a rougher approach and use much broader estimates, such as...
Forum: Property - Casualty / General Insurance 02-15-2016, 08:44 PM
Replies: 7
Views: 1,213
Posted By youngorchard
Earned Premiums for Auto EW

Hi all - this question may have been addressed before, but I am having trouble searching for a previous thread.

For those working at insurance companies issuing auto extended service contracts...
Forum: Exam 7 (new) - Estimation of Policy Liability & ERM 12-29-2015, 06:23 AM
Replies: 5
Views: 1,390
Posted By youngorchard
Sorry if I am being really dumb about this, but...

Sorry if I am being really dumb about this, but do we need to purchase the Brehm text or will this be made available in pdf versions as other readings on the CAS website?
Forum: Property - Casualty / General Insurance 04-09-2015, 01:34 AM
Replies: 19
Views: 2,687
Posted By youngorchard
Origin of ALAE

This may seem like a stupid question, but does anyone here have any idea regarding the origin of ALAE?

I understand that it is possible to combine Loss and ALAE for the IBNR valuation.
Then, why...
Forum: Property - Casualty / General Insurance 04-02-2015, 07:32 PM
Replies: 7
Views: 2,988
Posted By youngorchard
Thanks for all your inputs. Yes - I am looking...

Thanks for all your inputs.
Yes - I am looking for an approximate proportion of each item making up DCC expenses.



Anything that can help confirm this statement will be really helpful...
I...
Showing results 1 to 25 of 231

 

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