Hi all, My colleagues at work told me the US (SOA) education system teaches the lapse cycle/triangle. Any idea of whether this will be covered in the ST subjects? The discontinuance chapter in subject CA1 doesn't cover lapse triangle. I just finished the CT subjects, not knowing about the lapse cycle put me in a disadvantage at work. Been doing UAT on a lapse report following a product revamp. Grateful if anyone can shed some light. Many thanks in advance.
I think it's related to the policydate. It maybe related to the stages (if any) between a policy remaining inforce and the time it actually lapses. Note sure if it's related to how a policy contributes to the exposure when determining the lapse rate.
