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Forum: Exam 9 - Financial Risk & Rate of Return 02-12-2018, 02:39 PM
Replies: 6,110
Views: 366,557
Posted By Ceej
OMG, freaked me out there with this reminder. For...

OMG, freaked me out there with this reminder. For anyone who likes to procrastinate the deadline is Thursday, March 8, 2018 at 11:59 PM ET.
Forum: Exam 8 - Advanced Ratemaking 10-26-2017, 12:57 PM
Replies: 6,805
Views: 363,761
Posted By Ceej
Welp, Iíll add that part to my errors column....

Welp, Iíll add that part to my errors column. Thanks for the walk through/conversation above.
Forum: Exam 8 - Advanced Ratemaking 10-26-2017, 12:34 PM
Replies: 6,805
Views: 363,761
Posted By Ceej
Well, following this logic then for the 0 loss...

Well, following this logic then for the 0 loss accident year there should have been a min premium paid. I think the idea is to calculate the premium by year, take an average, and then convert the...
Forum: Exam 8 - Advanced Ratemaking 10-26-2017, 12:28 PM
Replies: 6,805
Views: 363,761
Posted By Ceej
If thereís a max and min premium then there has...

If thereís a max and min premium then there has to be a corresponding max and min loss, right? Iím with BigBen on the swing problem.
Forum: Exam 8 - Advanced Ratemaking 10-25-2017, 07:38 PM
Replies: 6,805
Views: 363,761
Posted By Ceej
Yeah you take the loaded loss costs by each range...

Yeah you take the loaded loss costs by each range and cap multiply by 1.3 to get capped retro loss by range. Then apply the min and max to the capped retro premium in each range. I don’t know... I...
Forum: Exam 8 - Advanced Ratemaking 10-25-2017, 07:33 PM
Replies: 6,805
Views: 363,761
Posted By Ceej
I remember there was a min and max premium in the...

I remember there was a min and max premium in the problem. So, I applied those (0 and 1.54 from the looks of it) before averaging the get the average premium. Then divide by 1.3 to get the AAL. It’s...
Forum: Exam 8 - Advanced Ratemaking 10-25-2017, 05:18 PM
Replies: 6,805
Views: 363,761
Posted By Ceej
It’s happened before... Exam 8 2014 with the...

It’s happened before... Exam 8 2014 with the inclusion of the extra paper in the handouts. I believe there was a sitting of 5A where they didn’t have the proper PAM and they sent the proctors to go...
Forum: Exam 9 - Financial Risk & Rate of Return 03-07-2017, 11:06 AM
Replies: 135
Views: 42,883
Posted By Ceej
Okay, I have received a response! I hope this...

Okay, I have received a response! I hope this helps...


-----------------------------------------------------
First response from the part chairs:

“The concept of a Calendar Year ROE method...
Forum: Exam 9 - Financial Risk & Rate of Return 03-06-2017, 10:25 AM
Replies: 135
Views: 42,883
Posted By Ceej
I sent an email on 2/21, and have heard only...

I sent an email on 2/21, and have heard only crickets.
Forum: Exam 9 - Financial Risk & Rate of Return 02-22-2017, 10:03 AM
Replies: 4
Views: 1,801
Posted By Ceej
I'm going to try to help, but I'm only going off...

I'm going to try to help, but I'm only going off of memory here... so please don't slaughter me.

I believe that each of those rules of duration in BKM are very careful to mention that they hold...
Forum: Exam 9 - Financial Risk & Rate of Return 02-13-2017, 10:15 AM
Replies: 135
Views: 42,883
Posted By Ceej
I saw this note too, and I literally closed up my...

I saw this note too, and I literally closed up my books.

It is ridiculous for me to believe that the ONE THING we are given ahead of time that holds the "learning objectives" can change? May have...
Forum: Exam 8 - Advanced Ratemaking 07-24-2015, 06:28 PM
Replies: 634
Views: 75,383
Posted By Ceej
Examiner's Report: The candidate lost credit due...

Examiner's Report: The candidate lost credit due to not providing sufficient detail in their response. In order to be minimally qualified candidate, the response needed to contain three...
Forum: Exam 8 - Advanced Ratemaking 07-23-2015, 04:10 PM
Replies: 634
Views: 75,383
Posted By Ceej
Or one could date an actuarial girl and...

Or one could date an actuarial girl and multi-task?
Forum: Exam 9 - Financial Risk & Rate of Return 06-23-2015, 12:40 PM
Replies: 272
Views: 45,936
Posted By Ceej
The transparency from the CAS has increased...

The transparency from the CAS has increased significantly in the past few sittings. It wasn't too long ago that they didn't give us anticipation of what day the results would be released.

So, I...
Forum: Exam 9 - Financial Risk & Rate of Return 05-01-2015, 05:43 PM
Replies: 343
Views: 37,588
Posted By Ceej
@PR_Actuary, :)

@PR_Actuary, :)
Forum: Exam 9 - Financial Risk & Rate of Return 04-30-2015, 06:33 PM
Replies: 343
Views: 37,588
Posted By Ceej
Me too, 5 club on the 19% ratio sitting. I can...

Me too, 5 club on the 19% ratio sitting. I can laugh about it now but I'm pretty sure I tasting salt for at least two years. I was also exam 8 last fall. There is a small cohort of people that got...
Forum: Exam 9 - Financial Risk & Rate of Return 04-30-2015, 02:29 PM
Replies: 343
Views: 37,588
Posted By Ceej
This. I answered based on my work experience but...

This. I answered based on my work experience but felt awkward doing that. Are there any Personal Lines actuaries that feel upset about this? Or did y'all know what to do?

EDIT: Ohhh it was stated...
Forum: Exam 9 - Financial Risk & Rate of Return 04-30-2015, 01:50 PM
Replies: 343
Views: 37,588
Posted By Ceej
It was a multiple part question. They had an...

It was a multiple part question. They had an investment strategy of only investing in Short Term commercial paper. They had a duration of 10 years. They had a bunch of Indemnity Reserves (9m) vs....
Forum: Exam 9 - Financial Risk & Rate of Return 04-30-2015, 01:22 PM
Replies: 343
Views: 37,588
Posted By Ceej
I may have missed it - but what did everyone...

I may have missed it - but what did everyone think of the WC Indemnity vs. Medical reserves question?
Forum: Exam 9 - Financial Risk & Rate of Return 04-29-2015, 09:52 PM
Replies: 343
Views: 37,588
Posted By Ceej
Despite wanting to quit exams (to focus on...

Despite wanting to quit exams (to focus on personal goals), I have to say this was a clever exam. I wish I had more time to answer all the questions, but the way the writers presented the material...
Forum: Exam 9 - Financial Risk & Rate of Return 04-29-2015, 09:37 PM
Replies: 343
Views: 37,588
Posted By Ceej
I made assumption that the rates were given after...

I made assumption that the rates were given after adjusting for inflation (demand and reserve) And also that reserve were adjusted for demand. It wasn't clear (to me) since they didn't state...
Forum: Exam 9 - Financial Risk & Rate of Return 04-29-2015, 08:45 PM
Replies: 343
Views: 37,588
Posted By Ceej
I got 2k too but I was so confused by the wording...

I got 2k too but I was so confused by the wording of "additional capital" which in my head is assets - liabilities. I put we need $2k in additional assets and the change in capital is whatever it...
Forum: Exam 9 - Financial Risk & Rate of Return 04-29-2015, 05:46 PM
Replies: 343
Views: 37,588
Posted By Ceej
It's where all the fun happens. Are there still...

It's where all the fun happens. Are there still endless app?

http://gawker.com/my-14-hour-search-for-the-end-of-tgi-fridays-endless-ap-1606122925
Forum: Exam 9 - Financial Risk & Rate of Return 04-29-2015, 05:18 PM
Replies: 343
Views: 37,588
Posted By Ceej
I'm currently drinking a double IPA, Beer'd...

I'm currently drinking a double IPA, Beer'd Hobbit Juice -- fantastic x10. Cause I plan on having 10 today. I'm reminded of this quote:

Gollum: We wants it, we needs it. Must have the precious....
Forum: Exam 9 - Financial Risk & Rate of Return 04-29-2015, 05:11 PM
Replies: 442
Views: 49,425
Posted By Ceej
I don't know what I'm more excited about... The...

I don't know what I'm more excited about... The finale of Scars progress thread or the profound moment. The suspense!
Showing results 1 to 25 of 300

 

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