CT5 Sept 2013

Discussion in 'CT5' started by shdh, Apr 11, 2017.

  1. shdh

    shdh Ton up Member

    Hi,

    in the last question of sept 2013 paper, how did the solution arrive with the closing reserve?

    thank you for the help!
    regards,
    shyam
     
    shdh, Apr 11, 2017
    #1
  2. deepakraomore

    deepakraomore Member

    Closing reserve = reserve at end of the year * survival probability for that year
    = \( _tV_x * _{t-1}P_x \)
     
    deepakraomore, Apr 13, 2017
    #2

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