Is calculation of non-unit reserves via cashflow approach to gross premium valuation something that we could be examined on? Just wanted to check if I need to brush up on my knowledge or if we'll only be asked to describe the method. Cheers!
Numerical questions don't come up in every exam, but they can be worth a lot of marks when they do. Calculating both positive and negative non-unit reserves using cashflows of unit-lined policies is definitely examinable. Similarly you could be examined on the calculation of gross premium or net premium reserves for conventional contracts. Best wishes Mark
