Certified Reinsurer Reinsurance Provision example.
Hello,
I was reading through the section on calculating the RP for certified reinsurers. I think the part on "reinsurance provision for overdue reinsurance related to certified reinsurers ." has some errors in where it is getting some of the values from. Under the Component 2 formula it says that the recoverable on paid loss and LAE>90 days past due not in dispute comes from column 62 but this actually comes from column 45. Column 62 is the (recoverable on paid loss and lae>90 days past due not in dispute)*0.2. The same goes for recoverable on paid loss and LAE>90 days past due in dispute. I wanted to point this out so someone does not accidently use column 62 or 65 and then multiply by 0.2 again in the formula provided shortly after where these remarks were made.
Comments
I will double-check this. Thanks.
We fixed it. Thank you.
https://battleacts6us.ca/wiki6us/Odomirok.14-F#RP_overdue_certified