how do u stich together. stock covertures.. for a net 5 value.. allout cpme benefit .. check with a team Actuaria... for positive and repetitive and demonstrable .. net benefit. we depend on this!
He Zhu Busy working on the later chapters. Not sure if I should make one long video for each, or break them into parts. Will try get chapter 6 up soon.
Very interesting, I would like to show that for guarantee insurance, the time to make the premium deficiency reservation must be longer, since they are policies greater than 1 year in force, will you have any data to help me prove that? or some book?
The reserves is the amount set aside in case of a death right?? Then how can I get DSAR? I mean in reserves I am taking into consideration the probability amount of paying the sum assured so why DSAR?
Hey MJ, this is an outstanding video! But I still have a question, normally in the world of finance profit is measured by taking the difference between the gains and losses in very simple terms. However, what I've realised when studying this chapter is the fact that to find the reserves at different point in times i.e.: the net premium policy value, you essentially do it the other way around, so by taking the difference between the outgo and the premium income. Why is it carried out like this? Is there any specific logic to this? Is it because you need to find out how many reserves you need to store in case outgo on benefit exceeds premium income? Thanks in advance, your videos are sickkkkk
+Spookiee Yes it comes down to which method you use, Prospective or Retrospective. Both have their own set of pros and cons and depending on the cashflow patterns it might be easier to use the one over the other. As to the logic behind it, I'll let you wrestle with that because its a great thought exercise to do.
Thank you very much, very helpful for recap, revision and study CT5!
how do u stich together. stock covertures.. for a net 5 value.. allout cpme benefit
.. check with a team Actuaria... for positive and repetitive and demonstrable .. net benefit.
we depend on this!
Sooo wish to see more vids for later chapters! Good stuff! Thanks
He Zhu Busy working on the later chapters. Not sure if I should make one long video for each, or break them into parts. Will try get chapter 6 up soon.
MJ the Student Actuary so good to hear that! Thank you very much for sharing your hardwork.
He Zhu New videos are up :-)
Thanx MJ i would like to see videos on CT2 & CT7 :)
Very interesting, I would like to show that for guarantee insurance, the time to make the premium deficiency reservation must be longer, since they are policies greater than 1 year in force, will you have any data to help me prove that? or some book?
Hey, doesnt the reserve already include the sum we may need to pay in the case of a death? That is where I'm getting confused.
The reserves is the amount set aside in case of a death right?? Then how can I get DSAR? I mean in reserves I am taking into consideration the probability amount of paying the sum assured so why DSAR?
Is the application you created available on IOS?
Great!
Hey MJ, this is an outstanding video! But I still have a question, normally in the world of finance profit is measured by taking the difference between the gains and losses in very simple terms. However, what I've realised when studying this chapter is the fact that to find the reserves at different point in times i.e.: the net premium policy value, you essentially do it the other way around, so by taking the difference between the outgo and the premium income. Why is it carried out like this? Is there any specific logic to this? Is it because you need to find out how many reserves you need to store in case outgo on benefit exceeds premium income? Thanks in advance, your videos are sickkkkk
+Spookiee Yes it comes down to which method you use, Prospective or Retrospective. Both have their own set of pros and cons and depending on the cashflow patterns it might be easier to use the one over the other. As to the logic behind it, I'll let you wrestle with that because its a great thought exercise to do.
Please explain concepts in some detail😅
Keep crunching in Granular terms... stay precise, I beg!○○○◇[777]'°1...000.