pbolgert
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So any additional reserve would not be reflected on the balance sheet at all?
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I also have a question about Quiz 1, Battlecard 6. Under "ceding company", it says "records unpaid losses as a non-reserve liability". Wouldn't this statement be referring to the assuming company?
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My 2-cents: a) When calculating the NPV of Reinsurer UW Gain/Loss, include all cash flows between the cedent and reinsurer, including ceded commissions, profit commissions, etc. This just makes sense. b) When assessing the significance of the …
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Can someone give a more detailed explanation of this formula? (especially the purpose of Investment Income Due and Accrued) I hate to just memorize something without understanding it.