rlsrachaellouisesmith
Ton up Member
Hi
The assumptions in the solutions are different to those on the summary page in the Acted notes, they are more reflective of the actual question, rather than theoretical. Should I try to write assumptions as in the solutions, or are the bookwork assumptions acceptable?
Also, in the solutions they say the estimated loss ratio need to be correct for all other years, but since we are only calculating for year 2014, this seems an unnecessary assumption? Am I correct?
Thank you,
Rachael
The assumptions in the solutions are different to those on the summary page in the Acted notes, they are more reflective of the actual question, rather than theoretical. Should I try to write assumptions as in the solutions, or are the bookwork assumptions acceptable?
Also, in the solutions they say the estimated loss ratio need to be correct for all other years, but since we are only calculating for year 2014, this seems an unnecessary assumption? Am I correct?
Thank you,
Rachael