sant93
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Why do we need to apply the bolded piece below? what does it mean? PV(Loss+LAE) = 69,200 × (0.84 × 1.03-0.5 + 0.13 × 1.03-1.5 + 0.03 × 1.03-2.5) × 1.03(0.5 – 1/3) = 68,144
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a few questions: 1) Might be a silly question, but shouldnt we also have t = 3.5 in the table to account for payments during year 36-48? 2) Why do we need to calculate the PV @2.5% in the table? It looks like we use it to determine the unpaid cl…
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Thank you!
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For part a, why do we assume 10% of capital and surplus? Where did the 10% come from?