Hi For part one, i just dont understand the solution. how is the NLRU for 1998 & 1999 calculated? Dont understand how the NIU is calculated or how it's linked to the NLRU. also, the GLRU isnt mentioned at all in the answer even though this is what the question asks for . Could this really come up now in the exam - it's very tricky.
have you worked through the examiners' report? Quite a bit of working there. It also says that the net ratio = gross ratio since proportional reinsurance used,
