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Search: Posts Made By: Celtics4Life
Forum: Careers - Employment 06-11-2017, 11:33 PM
Replies: 23
Views: 5,842
Posted By Celtics4Life
Rather than pure salary, you should consider the...

Rather than pure salary, you should consider the total compensation. Expats in Asia are often provided generous housing allowances and allowances for children's international school fees. Housing...
Forum: Life 05-01-2017, 11:08 PM
Replies: 65
Views: 16,029
Posted By Celtics4Life
Hopefully this makes sense to you if you consider...

Hopefully this makes sense to you if you consider

NAAR as Total Face Amount - Total Statutory Reserve Requirement.

Before Reinsurance,

Total Face Amount = $1M.
Total Statutory Reserve...
Forum: Life 04-27-2017, 10:28 PM
Replies: 65
Views: 16,029
Posted By Celtics4Life
Don't get caught up in the terminology. The point...

Don't get caught up in the terminology. The point is that if you are in the position to do a reinsurance deal, make sure to clarify how exactly the retention is calculated and put a numerical example...
Forum: Life 04-13-2017, 02:48 AM
Replies: 3
Views: 3,297
Posted By Celtics4Life
This has more words than numbers, but does have...

This has more words than numbers, but does have some simple examples starting on page 17. Hope it's useful.

https://www.actuary.org/files/zzz.4.pdf/zzz.4.pdf

C4L
Forum: Life 04-11-2017, 10:38 PM
Replies: 24
Views: 5,592
Posted By Celtics4Life
thanks! @Hydraskull & bitter buffalo

thanks! @Hydraskull & bitter buffalo
Forum: Life 04-10-2017, 06:18 AM
Replies: 65
Views: 16,029
Posted By Celtics4Life
Why would you want this though? I thought the...

Why would you want this though? I thought the entire example was based on the ceding company already having 2M in reserves on the underlying policies. Why pay extra for reinsurance coverage that is...
Forum: Life 04-08-2017, 06:12 AM
Replies: 24
Views: 5,592
Posted By Celtics4Life
Don't mean to reintroduce confusion here, but...

Don't mean to reintroduce confusion here, but while RN scenarios have a straightforward interest rate (I.e. Just the risk free rate), how do we determine what the risk neutral probabilities are to...
Forum: Life 04-06-2017, 10:41 PM
Replies: 24
Views: 5,592
Posted By Celtics4Life
Might RN scenarios be advantageous when you're...

Might RN scenarios be advantageous when you're dealing with an asset or liability that is not traded on the market - i.e. Insurance Cashflows?

i.e. How do you know what the "risk premium" is over...
Forum: Life 04-06-2017, 10:31 PM
Replies: 24
Views: 5,592
Posted By Celtics4Life
I'm not advocating the use of a heavily modified...

I'm not advocating the use of a heavily modified RW calibration. I was just trying to understand one of the earlier posts which referred to RW as "wishful thinking", so I wanted some clarification...
Forum: Life 04-05-2017, 11:39 PM
Replies: 65
Views: 16,029
Posted By Celtics4Life
The balance sheet and hence the reserve credit is...

The balance sheet and hence the reserve credit is a "snapshot" at one particular point in time. In theory, it should vary continuously throughout the year, but again this is quite an immaterial...
Forum: Life 04-05-2017, 11:17 PM
Replies: 24
Views: 5,592
Posted By Celtics4Life
Shouldn't the same answer be achieved whether you...

Shouldn't the same answer be achieved whether you use risk neutral or real world scenarios?

In my (granted elementary) understanding of this, the differences are:

1. Risk Neutral uses risk free...
Forum: Life 04-05-2017, 03:02 AM
Replies: 65
Views: 16,029
Posted By Celtics4Life
The reason for the UPR comments is that YRT...

The reason for the UPR comments is that YRT Reinsurance and the concept of UPR are intertwined. If you think about it, UPR is the only reserve credit that it makes sense to take on a YRT transaction....
Forum: Careers - Employment 04-05-2017, 01:54 AM
Replies: 41
Views: 3,619
Posted By Celtics4Life
I think of this as a "first job" issue. If you...

I think of this as a "first job" issue. If you have too many exams without corresponding experience, maybe you get put in a role that reflects your lack of experience for your first job. But...
Forum: Probability 03-30-2017, 06:14 AM
Replies: 4
Views: 1,632
Posted By Celtics4Life
I think some variable definition may help...

I think some variable definition may help illustrate why the probabilities need not be included for this calculation.

N = Total 0 Accident Months in a Year. We are after E[N].

N = M_1 + M_2 +...
Forum: ERM Exam 11-22-2016, 09:58 PM
Replies: 228
Views: 51,821
Posted By Celtics4Life
I did the LRM exam 2 years ago. I'll share my...

I did the LRM exam 2 years ago. I'll share my experience.

I wanted the easier odds of finishing up. It paid off and I qualified faster. However, I also made that decision because my specific...
Forum: ERM Exam 11-22-2016, 02:23 AM
Replies: 228
Views: 51,821
Posted By Celtics4Life
Might be coming out of retirement to go for the...

Might be coming out of retirement to go for the CERA...probably will come back to this thread in January.
Forum: Life 10-19-2016, 04:42 AM
Replies: 13
Views: 9,553
Posted By Celtics4Life
I think the easiest way to understand this might...

I think the easiest way to understand this might be to just think about the basic purpose of the reserve, which is to address the mismatch in when premiums are received and when benefits are paid.
...
Forum: Life 10-18-2016, 07:59 PM
Replies: 13
Views: 9,553
Posted By Celtics4Life
Thanks dream2 & JMO. Might another...

Thanks dream2 & JMO.

Might another interpretation be that even though the rates are guaranteed, the direct company could still elect not to renew the agreement at the end of the year, even though...
Forum: Life 10-18-2016, 05:55 AM
Replies: 13
Views: 9,553
Posted By Celtics4Life
Sorry to revive this 8 year old thread, but I was...

Sorry to revive this 8 year old thread, but I was looking at Renaissance Man's explanation and it made sense to me. However, what happens in the case where you have YRT, but the rates are guaranteed?...
Forum: Modules 6-8 02-17-2016, 12:32 PM
Replies: 120
Views: 56,629
Posted By Celtics4Life
answer the questions in a manner so that the...

answer the questions in a manner so that the grader does not have to think too much about what you are saying. replace block-like paragraphs with a chart or bullet points wherever appropriate. i...
Forum: Careers - Employment 12-11-2015, 02:55 PM
Replies: 91
Views: 5,085
Posted By Celtics4Life
i'm starting to regret not having my name be...

i'm starting to regret not having my name be Garnett4Life. didn't expect him to get traded.
Forum: Careers - Employment 12-11-2015, 02:52 PM
Replies: 91
Views: 5,085
Posted By Celtics4Life
pulling the hair back should make it look...

pulling the hair back should make it look professional enough shouldn't it? if it looks like the hemsworth picture i'm surprised it's even an issue.
Forum: FAC, APC and PEC discussion forum 12-09-2015, 12:55 PM
Replies: 79
Views: 14,028
Posted By Celtics4Life
i checked with a couple other people that got...

i checked with a couple other people that got their FSAs in the last two years. They don't put the FAC on there, but they do add "FSA" to your name on the transcript.
Forum: FAC, APC and PEC discussion forum 12-08-2015, 10:04 AM
Replies: 79
Views: 14,028
Posted By Celtics4Life
congrats all! we should have the new FSA list +...

congrats all! we should have the new FSA list + the FAC on our transcripts by the end of the day right?

edit: looks like the December list is up now. It also looks like the FAC doesn't get its own...
Forum: Short-Term Actuarial Math 12-05-2015, 12:30 PM
Replies: 15
Views: 4,127
Posted By Celtics4Life
I struggled with this same thing, but there was a...

I struggled with this same thing, but there was a TIA article that made it really easy. I can't find it anymore but it essentially came down to this:

n is the same number that you use in the...
Showing results 1 to 25 of 300

 

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