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  #1  
Old 04-30-2019, 10:26 AM
Noonien Soong Noonien Soong is offline
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Default IEE vs schedule P vs exhibit of premiums and losses for line review

Hello,

There's more than one section of the P&C annual statement with line of business information. If you are doing annual statement based analysis, and you don't necessarily need development information, how do you choose between using schedule P, the IEE, or the exhibit of premiums and losses for your line of business analysis? Say your analysis was country wide, so you didn't need it by state.

Humanly,

Noonien Soong

Last edited by Moderator1; 04-30-2019 at 06:43 PM..
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Old 04-30-2019, 10:30 AM
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CAS Exam 6US is currently being administered. This is the kind of question that could be asked on the Exam.


While I don't have reason to believe that the OP is trying to "cheat," I would suggest postponing answering this question until after 5pm EDT (just to be safe).
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Old 04-30-2019, 12:11 PM
Noonien Soong Noonien Soong is offline
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Honestly that hadn't occurred to me at all, i'm not sitting for an exam this sitting. My bad mods.
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Old 04-30-2019, 12:25 PM
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Quote:
Originally Posted by Noonien Soong View Post
Honestly that hadn't occurred to me at all, i'm not sitting for an exam this sitting. My bad mods.
No worries. I think the plan is that the original post/question will be restored once the last set of Exams start (sometime later this afternoon), but will ask that discussion wait until after 5pm EDT to be consistent with the moderator's policy to support the Societies in Exam security.


To reiterate what Mod1 states in the edited OP, the AO mods do not know what is on the Exam while they're being administered; so we opt to err on the side of caution in our support of Exam security.
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Old 04-30-2019, 06:44 PM
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The thread title and contents of post 1 have been restored to their original form.
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Old 04-30-2019, 10:10 PM
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Transitive Tangerine Transitive Tangerine is offline
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What specifically are you analyzing?
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Old 05-01-2019, 11:07 AM
Noonien Soong Noonien Soong is offline
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What specifically are you analyzing?
Say you wnated to look at a companies loss experience by line over time, or you wanted to aggregate several companies loss experience over time, or were interested in the growth of a line at a company.

For example there's more than one type of "homeowners" insurance data captured on the annual statement.
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Old 05-03-2019, 05:03 PM
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i don't typically look at the losses of other companies to do review. I'll use IEE to look at other companies expenses, even those might not necessarily be what they file for a given product.

biggest issue is depending on line there can be a ton of different products in each line as you just mentioned. If i was certain i knew a competitor was only writing 1 product in a given line, then I'd probably go Schedule P. You mentioned Homeowners, but I'm assuming that's not a line you'd want on a countrywide basis given how variable the loss can be by state and Catastrophes.
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Old 05-04-2019, 01:53 PM
jerrytuttle jerrytuttle is offline
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Default Which data source

I would think an important consideration is whether you want data by accident year or calendar year.
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