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I have some questions on the definitions of these: Cost of guarantees = max(0 , guaranteed benefit - AS) Why is this sometimes calculated using...
I'm hoping to check my understanding of this and to fill in a few gaps: Total BEL = PV (Benefits + Expenses - Premiums) Benefits These include...
In Pillar 1 Peak 1 calculations, the company may assume policyholder behaviour that does not result in the most onerous reserve if: it is in the...