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why the coverage is 2 years for the risk attaching reinsurance treaty?
The coverage period lasts for two years as the last underlying contract will be written on Dec 31 xxxx, which means you are only fully done providing coverage on Dec 31 xxx + 1 which is twenty four months after inception
where did this concept cover? @HateExams99
I asked the same question before https://www.battleactsmain.ca/vanillaforum/discussion/1368/ifrs17-sample-question-14#latest
thx!
Comments
The coverage period lasts for two years as the last underlying contract will be written on Dec 31 xxxx, which means you are only fully done providing coverage on Dec 31 xxx + 1 which is twenty four months after inception
where did this concept cover? @HateExams99
I asked the same question before
https://www.battleactsmain.ca/vanillaforum/discussion/1368/ifrs17-sample-question-14#latest
thx!