A5. Odomirok 12 Flashcards
1
Q
Written premium section setup
A
Shows gross and net premiums by 5 lines:
- Liability
- Property
- Property and Liability
- All Other
- Non proportional
2
Q
Written Premium uses/lookout for
A
Show changes over time:
- Premium
- Reinsurance
- Business mix
Look out for:
- Rapid change in revenue
- Changes in level of reinsurance protection
- Increase in exposure to riskier lines
- Shifts from liability to property (CAT)
- Shifts from property to liability (uncertainty)
3
Q
Balance Sheet
A
Helps identify the components of change in surplus
- Move to riskier assets
- Change in loss reserves, UEP, and surplus
4
Q
RBC
A
Components of the RBC ratio
5
Q
Operating percentages
A
Changes in ratio to earned premiums of:
- Loss
- LAE
- Other UW expenses
- Profit
6
Q
One and Two year loss development
A
Users decide if development is one off or sign of something bigger.
- Talk too mgmt
- Sched P pt 2
- 10K report
- Notes to financial statements
Favorable development concerning to IRS (taxes) and investors (holding too much)
7
Q
5 year historical exhibit use
A
Provides five years of historical data while other exhibits only provide two.
