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) ?
