Hi Now that the exam is over, how did you do the last bit of the final question (Q8)? We were given the expected loss to layer 5m xs 10m is 0.5m, the rate on line is 20%, and target layer loss ratio is 50%. We were asked to estimate the new premium if the layer has one paid reinstatement at 50% premium, instead of original one free reinstatement, keeping the target layer loss ratio.
