In Section 2.1 (Reserves revisited). There is a reference to chapter 10 page 18 to give the pattern of cash flows per policy in force at the start of each year. The following cash flows are given in this section: (836, 1886, 1847, 2149, -7604). But, I get (836, 1813, 1697, 1919, -7917), by doing Column (8) - Column (7) as advised in the preceding paragraph. Can someone explain what I need to do get the values given in notes? Appreciate inputs. Thanks, Raj
Hi Raj, I agree with the numbers you are getting and think this is a mistake in the notes. Sorry about this, John
