What's it like working for a B rated insurer?

Did you try to get out of there as soon as you could? Did you take the job because you were that desperate for experience? Or were you brought in as a hero who could help the company dig itself out of its hole and given a nice compensation package?



Inquiring minds want to know.



:popcorn:

What's it like working for a B rated insurer?

Spring 2013 #10d

The solution uses NFNLP= Ax/ax.



Isnt NFNLP = Face * Ax/ax ?

Spring 2013 #10d

on this 4/20 Day...

:smoke:



Does anyone know if the story about Louis Armstrong using Richard Nixon as a drug mule is true or just legend?

on this 4/20 Day...

ILA LRM Fall 2014 #2(b)

(b) (3 points) Given the following loss distributions:



X

=5 with a probability of 0.800

=80 with a probability of 0.170

=500 with a probability of 0.030



Y

=10 with a probability of 0.850

=120 with a probability of 0.145

=2000 with a probability of 0.005



Calculate the 95% VaR and 95% CTE for X+Y, assuming X and Y are

independent. Show all work.



How is the distribution X+Y is obtained?



Thanks in advance.

ILA LRM Fall 2014 #2(b)

Black-Derman-Toy model

Been having very hard time understanding this topic. I'm using both TIA and ASM manual and I'm having problem understanding it overall. Any good way to understand this topic?



I'm having hard time understanding the time format of the problems, and how the models are laid out.



"determine the lognormal yield volatility of zero-coupon bonds with 2 years to expiry at time 1" I know that if the price is 100 at time 0, you are looking for a price to pay in 1 year that matures in year 3 (1st period on model). But then I don't understand how to read it on a 2 period model.



or



you have 2 period table, each intervals 6 months, question reads "determine lognormal yield volatility for 1-year bonds issued at the end of 6 months" can someone tell me what exact time period i'm supposed to look at? I know how to ultimately calculate the volatility, but I don't understand which time period to look at whenever these questions are laid out.



any help will be appreciated. thanks.

Black-Derman-Toy model

CAS and FEM

Can somebody explain how this works? Can students at (selected) Canadian Universities get credit for prelims by passing certain courses?

When these students get to ACAS or FCAS, is there any way to tell that they completed part of the requirements by college course?

CAS and FEM

SOA WA #4,6,8,16

Hey all, need a little bit of help understanding some SOA Sample WA topics I can't quite wrap my head around:



#4 Part A ii



Deriving Kolmogorov's...how do you get from line 3 of the solution to line 4...in line 4 you subtract tPx(00) and divide by (h)...how do you mathematically accomplish this?



#6 Part A ii



A shorter lifetime for Jim and Amy implies a positive covariance, how is this so?



#8 Part A



Why is the decrement due to death straight up = 12%? I calculated the decrement due to death using the UDDAST formula to account for dependent probability for lapse and got (.12)(1 - .1/2) = 11.4%...why is this wrong?



#16 Part C



The solution's note mentions that an interest rate lower than the risk discount rate would release profit sooner, thus increasing the Net Present Value...I can't visualize this, how exactly does a lower interest rate release profit sooner?

SOA WA #4,6,8,16