M
mubatsiri
Member
I have been going through the April 2021 paper and model solution provided and I am seeking clarification on the following with regards to number 4:
Many thanks for any input that can be provided.
- How should one interpret “ cumulative incurred claims." It was observed that the model solution assumed these to be more " paid claims" based on the solution that was provided. This clarification is sought given that the question advised that of "cumulative incurred claims" rather than "paid claims."
- How is " it can be assumed that claims are fully run off after 4 years " interpreted.
Many thanks for any input that can be provided.