CIA.Disclosure

Question 1

Considerations when determine Concentration risk

Answer 1

• by LOB - more is lower risk (better)
• by province - goegraphical diversification is lower risk
• reinsurance - multiple sources is lower risk
• UW limit - lower is lower risk

Question 2

Requirements regrading disclosure of concentration risk

Answer 2

Requirements

• how management determine the concentration
• desciption of shared characteristics that indentified each concentration

Info used to respond to requirements:

• data by LOB
• data by geographic region

Question 3

Broad areas of disclousre

Answer 3

• principles - siginificant accounting principles
• estimates - critical accounting estimates/judgements
• risk - management of insurance & financial risk
• liabilities - insurance liabilities & reinsurance assets