Pitfall [PRICE-P]
I am lost here. At first, I thought Pitfall means some items that we cannot use to do the risk transfer test like Profit Commission so fail to really justify whether the Risk been Transferred. But when I go down the list, I see Interest Rate say should only considering insurance risk, not sure how this is related. Same goes to Commutation Timing and Premium, there are like more than a Instruction/Recommendation rather than Shortfall?
Or did I miss anything? Thanks.
Wilson
Comments
Pitfalls in the context of this battlecard represents what you would need to consider when doing a risk transfer test. It's not saying don't do all these things. Mainly these are what you should consider - And then what you should or should not do with these considerations
Thanks