Calculate the IRIS ratios and interpret what unusual values are signaling.
Free CAS Exam 6-U.S. (Regulation and Financial Reporting) lesson in Financial Reporting, Taxation, and Professional Responsibilities of the Actuary. 18 min read, ~2,653 words.
IRIS is the Insurance Regulatory Information System: 13 financial ratios in 4 groups (overall, profitability, liquidity, reserve) computed from the annual statement. Each ratio has a published usual range; a value outside it, or exactly at the published threshold, is flagged unusual. No fixed count of unusual ratios triggers review...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Check Your Understanding
- Exam Shortcuts
Learning objectives
- C4
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