"Prudence has been described as the inclusion of a degree of caution in the exercise of the judgments needed in making the estimates required under conditions of uncertainty, such that gains or assets are not overstated. This may be interpreted as meaning that the greater the uncertainty, the greater should be the tendency to aim at technical provisions exceeding the expected value of the liabilities, as a natural consequence of seeking to avoid understating the liabilities." CA1, Core Reading, Unit 24, Page 1 or CA1, Course Notes, Chapter 49, Page 3
YOU'RE ON CHAPTER 49 !!! ALREADY ??? Man, I just completed chapter 36 the other day (plus Q&A part 6 & X6-assignment). Think I need to catch you up!
same here, only up to chapter 39 and i have only done first 2 Q&As and no assignments......need to stop going out me thinks!!!!!!!!!! Sauny bean, do you have a life at the moment or are yoou killing yourself to get this topic done?
