Hi, 2 questions please: 1. Can you please tell me how values in column C of the examiner's report is calculated please? i.e. Losses > x% of SI (capped at x% of SI) 2. Also, the values in column B (Total value of losses <= x% of SI), I noticed that the solution uses the most approximate values from the 1st table. Is that the proper way to do it or should we have used interpolation? I used interpolation which changes the figures in that column a good bit. Thanks a lot
Column C: For example, for the 20% row, add up the sums insured for which the loss amount (as a % of the SI) exceeds 20%. Then multiply by 20%. Full details shown in mini-ASET. Interpolation: No need to interpolate. When people use the curve you put together, they'll interpolate between relevant points of the exposure curve. Also, notice that linear interpolation isn't great with exposure curves (as they're not particularly linear), although in an exam setting it's often allowable.
