M
MissAussie
Member
Hi,
I have a question about 1.27 (ii):
"If E remains fixed, fined the expected amount of the loss paid by the insurer if losses are given by...
"
When I was working this question out, I thought insurer referred to direct writer (ie. not the reinsurer). But the answers seem to refer to the reinsurer as the insurer. Is this sort of wording frequent in the actual exam? (because if it is, I would've gotten it incorrect!)
I have a question about 1.27 (ii):
"If E remains fixed, fined the expected amount of the loss paid by the insurer if losses are given by...
"
When I was working this question out, I thought insurer referred to direct writer (ie. not the reinsurer). But the answers seem to refer to the reinsurer as the insurer. Is this sort of wording frequent in the actual exam? (because if it is, I would've gotten it incorrect!)