CAS Sample Question 10
do you mean that the Net Expense from Reinsurance Contracts Held should be -10,000+2,500+20,000 = 12,500 instead?
so typically we should see negative Net Expense from Reinsurance Contracts Held like -30,000+2,500+20,000 = -7,500?
Comments
yes to question one
It depends to question 2, whether the reinsurance reflects a net cost or net gain. Basically the allocation of reinsurance premiums (premiums paid to reinsurers) should have an opposite sign from the reinsurance recoverables