Question about the step-by-step process table
I have a question regarding the step 3c of the table:
The formula for reRgross = pRgross * (1 + incr. in reinsurer's carried) * qs% +rePgross
I don't understand why there's the rePRgross at the end within the reinsurance reserves, shouldn't the first part of the formula is already equal to reRgross?
Thank you!
Comments
Yes, that's a typo. That extra rePgross on the end shouldn't be there. I have made the correction in the wiki. Thanks!