H
happylovelife
Member
Hi Members and Tutors,
I need some help...
I’m confused about the relationship between BEL and reserves under solvency II.
Does BEL include all cashflows such as changing in reserves and changing in capital?
That changing in reserves component includes all type of reserves (e.g, IBNR, outstanding claims, policy reserves etc.), is that correct?
I heard some people are referring reserves as the Techinal provision. That reserve means different thing as the reserves I mentioned above ?
Thank you so much for your help.
Kylie
I need some help...
I’m confused about the relationship between BEL and reserves under solvency II.
Does BEL include all cashflows such as changing in reserves and changing in capital?
That changing in reserves component includes all type of reserves (e.g, IBNR, outstanding claims, policy reserves etc.), is that correct?
I heard some people are referring reserves as the Techinal provision. That reserve means different thing as the reserves I mentioned above ?
Thank you so much for your help.
Kylie