FSA courses

GH 201-C

Valuation and Regulation, Canada

2 discussions

Explanation

GH 201-C: Claims lag and benefit changes need different adjustments

Paid experience can be incomplete because claims have not yet emerged. A benefit change alters what is covered. Developing claims for lag does not automatically adjust them to a new benefit design.

Original practice scenario

In an original dataset, recent paid claims are 600 and the assumed completion fraction is .75, suggesting 800 on that simplified basis. Separately assess a new deductible. Explain the assumptions behind the completion fraction and why the design change requires another analysis.

Study check

Write the assumptions, the decision being supported and one limitation. Use the current course syllabus for the required terminology and scope; this introductory guide is not a complete course summary.

Reading sources

Official syllabus and resources

ActNet editorial guide · October 1, 2026 · Original illustrative examples.

0 repliesOct 1

Explanation

GH 201-C: Keep Canadian financial reporting and capital measures separate

A financial-statement result and a capital measure have different purposes and definitions. In group and health work, specify the contract and reporting basis before describing a reserve or performance change.

Original practice scenario

For an original close scenario, a claims estimate changes while a regulatory capital requirement also changes. Prepare two bridges instead of assuming they are the same adjustment. Identify the relevant Canadian entity and framework from the course readings before using a numerical capital rule.

Study check

Reading sources

Official syllabus and resources

ActNet editorial guide · October 1, 2026 · Original illustrative examples.

0 repliesOct 1