Premium Risk Cals
In Wiki it says:
The (B6) calculation is exactly like the (B5) calculation except that you start with the financial statement amount for premium reserves instead of loss reserves. Here's the text example from page 27.**
when you say premium reserve do you mean "NET Written Premium" ? -> as that's what seems to be used in notes
similarly, for "Reserve risk" -> we only use NET loss reserves? (i.e. NET unpaid claims) ?
Comments
Oh yes, I made a mistake there. It should be net written premium (not premium reserves). And the loss reserves should be net loss reserves. I've made the correction in the wiki here:
Thank you for letting me know.