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Chapter 18, page 13

T

tatos

Member
Under Gross Reserving Risk, the core reading says that

"The capital impact of the reserving risk is the difference between:

- the eventual cost at the firm's chosen level of risk tolerance of settling claims for the business written / earned BEFORE the modelled period, and...."

Is BEFORE a mistake? Why is it not "during" the modelled period?
 
Oh, I think I get it - I think it's because the risk relates to business already written (whereas the gross underwriting risk relates to business yet to be written) ?
 
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