AIAF case studies
AIAF · Put your knowledge to work in context.
The Associate in Insurance Accounting and Finance (AIAF) is a professional designation offered by The Institutes (The Institutes Knowledge Group), an insurance education provider. On the Institutes website, AIAF appears within the "Finance & Regulation" designation family, alongside the Chartered Insurance Investment Manager (CIIM), the Associate in Premium Auditing (APA), and the Associate in Regulation and Compliance (ARC). That grouping signals the designation's intended audience: accounting, controllership, financial reporting, treasury, and regulatory-reporting professionals at insurers, reinsurers, brokers, and related organizations, plus finance-adjacent staff who need fluency in how insurance transactions flow into statutory and GAAP-style statements. This page is published by an independent study platform. The AIAF case studies are 5 cases and about 2,801 words.
1Premium Deficiency and DAC Recoverability in a Commercial Auto Block
Northline Commercial Auto writes 12-month policies. At December 31, the unearned premium reserve for its single homogeneous block is 4.2 million.
567 words, about 3 min2Reserve Development and the 'Underlying' Combined Ratio
Atlas Casualty reports 2024 earned premium of 300 million, incurred losses of 180 million, and underwriting expenses of 75 million. Incurred losses include 30 million of adverse prior-year development in general liability, partly offset by 10 million of favorable auto development, for 20 million net adverse development.
563 words, about 3 min3Catastrophe Reinsurance Retention and the Cost of Capital
Harbor Point Insurance has 100 million of surplus and writes 150 million of coastal property premium. Its 1-in-100 gross catastrophe PML is 100 million.
603 words, about 3 min4RBC Action Level, Dividend Capacity, and a Non-Risk-Transferring Treaty
Summit Insurance Company's total adjusted capital (TAC) is 38 million. Its authorized control level (ACL) RBC is 20 million; the company action level is 200% of ACL, or 40 million.
534 words, about 3 min5Earnings Pressure and the Loss Reserve Estimate
Coastal Specialty's carried IBNR is 410 million, equal to the actuary's central estimate. The actuarial range is 390 million to 440 million.
534 words, about 3 min