Fall 2017 20.c) Gross Written Premium
The examiner's report sample solutions have GWP = direct + assumed - ceded. I believe this is actually the Net WP (used in part a).
On pg. 76 of the OSFI MCT, second paragraph of 7.2.3 it explicitly says that gross premiums = direct + assumed. In this case the growth would actually be 25.8%. Please confirm.
Comments
the deduction is actually the increases in GWP ($40,000) not the ceded amount ($50,000)
Prior year GWP = 135,000+20,000-40,000
Thank you!