Thanks Mike, so it means that a product being XSE (eg. term product) will result in competitive pricing and hence XSE is a good thing. But I got confused by the ASET solution of 2020Apr Q3(ii) where it says " It may be difficult for companies who only sell this type of product (term being XSE) to complete with other companies whose I exceeds E as the latter can net down their expenses in their premiums. Therefore probably not the most suitable method" It gives me the feeling it's a bad thing again. So I'm not sure whether it's a good thing or bad thing from a product being XSE.
Thanks for a lot for your help in advance
Last edited by a moderator: Sep 22, 2020