Hi, Can someone help me to understand the following text from the reading:
"Disadvantages include:
it is talking about the method used to estimate reinsurance recoveries from the perspective of direct insurer by using broad brush , one the disadvantages are all the issues described in section 2 , however, not sure about the "issues described in the section 2..." as the section 2 was talking about the methods used be used to estimate the reserves as inward reinsurance by different type of tails. very confuse about the sentence
thank you very much for your time
K
"Disadvantages include:
- all the issues described in Section 2 (reserving for inwards reinsurance) still apply for non-proportional business (complexity, eg order of operation of contracts, types of cover)"
it is talking about the method used to estimate reinsurance recoveries from the perspective of direct insurer by using broad brush , one the disadvantages are all the issues described in section 2 , however, not sure about the "issues described in the section 2..." as the section 2 was talking about the methods used be used to estimate the reserves as inward reinsurance by different type of tails. very confuse about the sentence
thank you very much for your time
K