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Search: Posts Made By: Sherwin
Forum: General Actuarial 05-02-2017, 09:35 PM
Replies: 12
Views: 4,146
Posted By Sherwin
No, I don't think so. It depends on the reserves...

No, I don't think so. It depends on the reserves booked by the seller and the transaction amount of the LPT. More usually, the latter is smaller than the former, unless the seller's reserves are...
Forum: Software & Technology 05-02-2017, 09:25 PM
Replies: 10
Views: 1,297
Posted By Sherwin
For P&C and reinsurance, @Risk is also a good...

For P&C and reinsurance, @Risk is also a good tool.
Forum: Property - Casualty / General Insurance 04-01-2017, 03:50 AM
Replies: 3
Views: 1,157
Posted By Sherwin
In China, it is based on attained age. But the...

In China, it is based on attained age. But the product may not be based on each separate age but on the age band like 1-4 age, 5-8 age, etc.
Forum: Property - Casualty / General Insurance 01-05-2017, 02:41 AM
Replies: 4
Views: 985
Posted By Sherwin
You sampled from the Event Loss Table or the...

You sampled from the Event Loss Table or the Yearly Loss Table from the cat model? If it's the former, I'm afraid the methodology is not so correct.
Forum: General Actuarial 12-30-2016, 09:33 PM
Replies: 0
Views: 814
Posted By Sherwin
The First Batch of Financial Data Analysts Certified in China

On November 16, 2016, the first batch of Financial Data Analysts (FDA) Elementary-level was certified by China Association of Actuaries (CAA). 45 candidates gained the FDA Elementary Level...
Forum: General Actuarial 12-09-2016, 10:32 PM
Replies: 1
Views: 1,284
Posted By Sherwin
For Asia I am afraid that you should learn...

For Asia I am afraid that you should learn Chinese, Japanese and Korean languages, aha. However, the insurance associations of the industry may publish English version.
Forum: General Actuarial 08-03-2016, 12:04 AM
Replies: 7
Views: 1,067
Posted By Sherwin
The CAA(China) Announced the New Credential FDA

On July 29th, 2016, China Association of Actuaries (CAA) announced that it will introduce a new credential named the Financial Data Analyst (FDA) in order to meet the needs of big data analysis in...
Forum: Property - Casualty / General Insurance 02-03-2016, 03:55 AM
Replies: 9
Views: 1,069
Posted By Sherwin
For solvency purpose? Seems like an Economic...

For solvency purpose? Seems like an Economic Model in Europe.
I suppose what you mentoned is an economic model.
Forum: Property - Casualty / General Insurance 02-03-2016, 03:37 AM
Replies: 8
Views: 2,210
Posted By Sherwin
The CPCU institue's textbooks on reinsurance are...

The CPCU institue's textbooks on reinsurance are also brilliant.
Forum: Property - Casualty / General Insurance 01-18-2016, 08:49 PM
Replies: 1
Views: 923
Posted By Sherwin
In EU Solvenc II, marine and aviation are grouped...

In EU Solvenc II, marine and aviation are grouped in the same category. So you can try that if there is no better solution, I feel.

But the characteristics of marine risk and aviation risk are...
Forum: Property - Casualty / General Insurance 12-18-2015, 06:35 AM
Replies: 6
Views: 1,454
Posted By Sherwin
The integral x*d(F(x)) from 0 to 1 is not equal...

The integral x*d(F(x)) from 0 to 1 is not equal to 1. But there is a stacked probability at x=1, Pr(x=1)=(0.1/1.1)^2=1/121. So the integral from 0 to 1 plus Pr(x=1) is equal to 1.
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 12-15-2015, 12:33 AM
Replies: 2
Views: 1,379
Posted By Sherwin
Z1 is only assigned to A+X+Y, and it is not...

Z1 is only assigned to A+X+Y, and it is not assigned to B. The same, Z2 is only assigned to X + Y, not to 1 - (X+Y).

The reason is that only the three portfolios, A+X+Y, X+Y and A, have a...
Forum: Property - Casualty / General Insurance 12-08-2015, 11:24 PM
Replies: 4
Views: 1,080
Posted By Sherwin
The key point is lying in the calculation of k...

The key point is lying in the calculation of k rather than that of z.

Are you sure that the values of Var[E(X|a)] and E[Var(X|a)] is accurate with a 100% credibility? Here the method of limited...
Forum: Property - Casualty / General Insurance 11-23-2015, 12:58 AM
Replies: 1
Views: 531
Posted By Sherwin
Platini lodges appeal with CAS against FIFA ban

Another CAS :)

http://www.dailynewsegypt.com/2015/11/20/platini-lodges-appeal-with-cas-against-fifa-ban/

UEFA President Michel Platini has lodged an appeal to the Lausanne-based Court of...
Forum: Property - Casualty / General Insurance 11-17-2015, 09:11 PM
Replies: 11
Views: 2,217
Posted By Sherwin
Our country follows the principle of IFRS, where...

Our country follows the principle of IFRS, where the risk margin applies to the future unpaid cash flow including both Case reserves and IBNR. So the risk margin is applicable to both here.
Forum: General Actuarial 11-17-2015, 07:40 PM
Replies: 25
Views: 2,681
Posted By Sherwin
I suppose the guys in financial team often like...

I suppose the guys in financial team often like using the CY loss ratio. There, the changes in reserves play a crucial role in the results.
Forum: Property - Casualty / General Insurance 11-18-2014, 09:52 PM
Replies: 3
Views: 876
Posted By Sherwin
Like kind of credibility-average. You know, we...

Like kind of credibility-average. You know, we can't give one method 100% credibility.
Forum: Property - Casualty / General Insurance 10-22-2014, 03:35 AM
Replies: 2
Views: 738
Posted By Sherwin
ISO has some :)

ISO has some :)
Forum: Property - Casualty / General Insurance 06-27-2014, 06:34 AM
Replies: 13
Views: 1,758
Posted By Sherwin
Some guys in Australia use such a kind of methods...

Some guys in Australia use such a kind of methods as I have seen.
Forum: Property - Casualty / General Insurance 06-27-2014, 06:33 AM
Replies: 13
Views: 1,758
Posted By Sherwin
Just like make the LDF stochatic. Sometimes we...

Just like make the LDF stochatic. Sometimes we assume it follows a lognormal distribution but here he uses the bootstrapping to form a distribution.
Forum: Property - Casualty / General Insurance 06-27-2014, 04:38 AM
Replies: 7
Views: 1,382
Posted By Sherwin
There is a paper called "Reserving on a...

There is a paper called "Reserving on a contract-by-contract basis" on the website of UK institute. You can search it.
Forum: Property - Casualty / General Insurance 04-28-2014, 12:55 AM
Replies: 13
Views: 2,978
Posted By Sherwin
No UPR for builders risk? Is it a common practice...

No UPR for builders risk? Is it a common practice in the US market? Haven't heard it before. I don't think this conforms to SAP or GAAP, doesn't it?
Forum: General Actuarial 02-26-2014, 09:04 PM
Replies: 3
Views: 1,903
Posted By Sherwin
The technical aspects are not the point, and you...

The technical aspects are not the point, and you can do the jobs without any problem. But if you want to submit some regulatory reports to the local regulator, you will probably follow the local...
Forum: Property - Casualty / General Insurance 01-20-2014, 04:25 AM
Replies: 6
Views: 1,487
Posted By Sherwin
Some guys set the UPR=1M*9/12+1M*9/9, while some...

Some guys set the UPR=1M*9/12+1M*9/9, while some others set UPR=1M*9/9 (The initial premium $1M is regarded as earned because a total limit has extinguished. If no reinstatement, the contract would...
Forum: Property - Casualty / General Insurance 12-04-2013, 02:32 AM
Replies: 10
Views: 1,508
Posted By Sherwin
My understanding of your question is that you...

My understanding of your question is that you want to cap or delete some large individual loss when you are pricing. For example, when pricing property insurance you meet a very large claim such as...
Showing results 1 to 25 of 220

 

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