S
Smith
Member
would you kindly advise the derivation from the UWY ULR loss % to the AY ULR loss %?
and for the assumptions, concerning the content in the question had clearly stated that ......written on a risks attaching basis, would it be accepted for answers assuming on loss occurring basis?
in addition, concerning it's expected that the exam would still happen online for this year, could it earn marks that some assumptions are implicitly embedded in the formulae of the spreadsheet for the answer?
and, in terms of the "underlying contracts" for reinsurance contract, does it refer to the underlying direct insurance policies or the reinsurance contracts?
and for the assumptions, concerning the content in the question had clearly stated that ......written on a risks attaching basis, would it be accepted for answers assuming on loss occurring basis?
in addition, concerning it's expected that the exam would still happen online for this year, could it earn marks that some assumptions are implicitly embedded in the formulae of the spreadsheet for the answer?
and, in terms of the "underlying contracts" for reinsurance contract, does it refer to the underlying direct insurance policies or the reinsurance contracts?