"Reinsurance held is shown on the balance sheet as part of the insurance contract liabilities"
I was hoping someone could explain the last line of this reading:
"Reinsurance held is shown on the balance sheet as part of the insurance contract liabilities or assets rather than with reinsurance contract held assets or liabilities."
Shouldn't reinsurance held, by definition, be in the Reinsurance Contract Held Asset/Lias?
Comments
I think it is not clarified properly that it should be reinsurance issued rather than held. This is referring to reinsurance that you sell rather than reinsurance that you purchased
@graham I have already changed the draft wiki
Awesome, that makes sense. Thank you so much.
@Staff-T1. I have copied the draft version to the live site.