Fisher.TableL — BattleActs Exam 8 Forum

How does the expected number of claims impact the insurance charge?

tracyguo8 — Sun, 27 Aug 2023 23:27:03 +0000

As the expected number of claims increases the insurance charge decreases for entry ratios above 1.

Could you please explain why it only applies to entry ratios above 1?

Limited Table M to Table M?

tracyguo8 — Sat, 26 Aug 2023 05:27:30 +0000

BattleWiki states ICRLL is a process to modify Table M to approximate the Limited Table M for a given per-occurrence limit (deductible).

However, in the "Applying the ICRLL Procedure" example, it states "ICRLL method is used to transform a Limited Table M into a Table M".

If we are modifying Table M to approximate Limited Table M, shouldn't the ICRLL is used to transform Table M into Limited Table M?

Thanks.

ICRLL

jmoore13 — Sun, 16 Oct 2022 20:15:03 +0000

Do you think it's possible a question could come up in a format for the second advantage of ICRLL - adjusting one Table M to make it for another Table M on LOB with less data? If so, what adjustments would that make to the ICRLL example?

Fall 2014 #12

jstark — Sat, 03 Sep 2022 02:31:19 +0000

I see that the solution uses the horizontal slicing method on this problem. Is there a reason I can't vertically slice on this problem? If I can, are you able to tell where I went wrong? Columns E-J in the excel are taking the max of (0, Col D minus the underlined ratio). Thanks!

2013.Fall 19 b

stratthixx — Mon, 02 Aug 2021 16:13:30 +0000

Is it possible to explain this in a less convoluted manner?

2012.Fall 18

stratthixx — Mon, 02 Aug 2021 18:16:09 +0000

I'm not understanding the format of the data given for this question. How would you restructure the data to reflect a modern day exam?

2013.Fall 19 a

stratthixx — Mon, 02 Aug 2021 16:09:55 +0000

For this question, I thought XS Loss Factor = XS Ratio = k. Can you explain why this is not the case? What is the difference between an XS Loss Factor and an XS ratio?