Chapter 17: Section 2.2

Discussion in 'SP1' started by Aladinsane, Feb 6, 2020.

  1. Aladinsane

    Aladinsane Member

    Hi

    https://imgur.com/a/yIoeQq3

    I don't understand why double counting would underestimate the cost of claims. I thought that including double counting increases the cost of claims so it is therefore more prudent?

    Thanks
     
  2. Mark Willder

    Mark Willder ActEd Tutor Staff Member

    Thanks for pointing this out. You're right that double counting increases the expected cost of claims, so would be more prudent.

    The self assessment question was meant to talk about the risks of over-stating the double counting. We will get this fixed for next year.

    Best wishes

    Mark
     
    Aladinsane likes this.
  3. Aladinsane

    Aladinsane Member

    Great. Thanks.
     

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