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Matured/Running Off - Synonyms?

A

Aman

Member
Hi

Whenever it is said the business is matured - does this mean it is running off?

Thanks
 
Aman said:
Hi

Whenever it is said the business is matured - does this mean it is running off?

Thanks
Click to expand...


I think this will depend if you are talking about a policy or a book of business. If a policy has matured, it has run off and no longer in the long term business fund. Whereas if you are talking about a book of business then it may be that this is referring to the fact that the business is closed to new business and so the inforce remaining is running off the balance sheet.
Hope this helps

Thanks
Em
 
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